Seriously people, watch this. 

https://m.youtube.com/watch?v=NndCSi8WDcM

Most mistakes/mistaken

1) Play too long

If one thinks to play with an edge it doesn't matter how short or long are the sessions played, providing that the mental focus isn't declining for fatigue or bankroll status issues.


2) Chasing losses

Yep.
Card distributions are totally insensitive of our bankroll status and statistically speaking it's slight more probable to collect more losses after losing than to recoup everything or something already lost.


3) Chasing a singular win

Sooner or later we'll have to stop a losing sequence, that doesn't mean to chase losing streaks that can last 10-12 or more hands in a row.
3/4 of the times, winning is a clustered W affair, so there's no reason to bet when a L streak keep showing up or (more importantly) when wins come out as isolated.   

4) When it's there, you fail to wager and/or pump it up.

Here the problem is knowing "when is there" but the main factor why casinos keep collecting more money than expected by the HE is because players will be particularly aggressive when losing but cautious (or overly aggressive) while winning.

5) When it's not (NOT) there, you fail to stop
 
Excellent point.
Whenever it seems we're not guessing right a single hand, stay put and don't bet a dime.
Wait several hands before betting again or, even better, wait for the next shoe to be dealt.
The concept that every shoe dealt is beatable is a total complete bighornsh.i.t.

6) Constantly increasing Bankroll and Buy-in amounts

Another good point.
It takes a robust and verified long term W/L ratio before thinking to raise our standard bets as the house is constantly getting the favorite math side.

7) Failure to have a rock solid M.M.M.

In our opinion and after having verified a kind of an edge (and natural deviations), the best move to take is flat betting the maximum limit at the table. Or what we consider "max" in relationship of our bankroll.

#8) Failure to Reset and/or abide by your Tier/Plateau

Here we disagree.
We do not want to insert subjective factors into the game, unless affecting our future strategy (but since we've ascertained an edge we know that any kind of subjective adjustment will be worthless) 
 
Best defensive and offensive

1) Keep game relatively short

Good point if intended as short betting options into the realm of results.

2) Believing it will all change soon if you are 100% alert

One of the paramount factor to transform a loser into a possible winner.

3) Change your responses to be in control, you create what happens with your wagering and no one else does

Best advice ever.

4) Long term strength is M.M.M. applied and used as a protocol along with your emotions recognized and controlled while applying

Again, flat betting is the only way to ascertain a kind of long term advantage.

5) You do not have to have all the knowledge and experience

We completely disagree about this point.
Baccarat is a very complicated game needing years of experience and study to be possibly "resolved" on long terms.

6) Gear your mind towards the shoe, not a limited event(s) to occur or reoccur

Absolutely true, providing to assess the limit of average intervention.

as. 

There are conceptually four distinct types of pleasure; Physical, Social, Psychological and Ideological. Pretty simple. Factual and well written about in the academic world.

Now, they are within us all while we gamble at a live casino baccarat table. 

Physical pleasure is at the bottom of the triangle, the largest portion of the space. The next is Social pleasure, the second from top is Psychological pleasure and on top with its smallest demand is your Idealogical pleasure. Each is unique in its own way.

Keeping in mind that all of us have varying restrictions and limitations to the physical end of the four types, we all would be about equal at a live Baccarat table with them. Therefore the reach, strength, ability to grip and our ability to sustain effort are pretty much minimal at the baccarat table putting that about equal between us all.  A given IMO.

The Physical Pleasure end is visually obvious at the table, winning as well as losing both produces visual appearances and actions that are absolutely obvious.  There really isn't much to control here.

The Social Pleasure end is the enjoyment and satisfaction we all seek and engage in whether that be at the baccarat table or elsewhere. Social pleasure is fueled by positive feedback and the company of others. The baccarat table provides just those unless you are losing, but you have to take the good with the bad.  Losing tends to offer support within the Social aspect.

The Psychological Pleasure end is instantly enjoyed at the Baccarat table beyond belief to any non-Baccarat player watching. It is the personality that seeks out immediate gratification of our needs of joy, gladness and just that plain ole feeling good. However, it is often contrasted with similarly inclusive pain, suffering and our feeling bad. Hence, winning and losing.

The Idealogical Pleasure end is perhaps the most powerful and detailed personalized pleasure by far of the four. The Idealogical Pleasure is related to values and beliefs that will be mixed from the classical right and wrong. The good and bad. The winning ways (decisions) versus those ugly horrible losing ways (decisions). In other words, it is what you think and practice that will determine your Idealogical Pleasure outcomes. It will affect you stronger no matter what you may think, believe or subscribe to within the game of baccarat and its presentments within each and every shoe.

When you/anyone is at a live baccarat table wagering money, the four types of pleasure that I outlined herein will be continually touched upon without a doubt. Subconsciously as well as consciously.

That's a very interesting topic I'll make my comments later.

as.

Average deviations

In our opinion there are two recipes for not getting a single possibility to consistently win at baccarat:

1) Always betting toward pattern deviations

2) Always betting to stop pattern deviations

Both "approaches" tend not to rely on numbers but about situations; people hoping to get 'limitless' deviations on one part or players thinking that after a kind of deviation things must be balanced in some way at the other one.
Despite that, most players prefer to adopt the approach #1 for the simple reason that a deviation could stop after several wins (actually we need just two wins to be ahead of something) whereas stopping patterns strategy needs a prompt win to be ahead (so hoping to get prompt winning streaks and again we need just two prompt wins to be ahead of something).

Another reason why the #1 approach is preferred is because the game seems to take consistent pattern lines along the course of every shoe dealt, or at least this is what is perceived by players after the results are arranged in different registrations.

Obviously both approaches will lead invariably to the same losing results having an opposite nightmare: stopping patterns happening too soon or prolonging patterns happening too soon.

Most of the times those different methods will get reliable numbers to set up a bet selection upon, think about 1 or 2 gaps, unfortunately hands are so whimsically distributed that many times it's very difficult to choose a method or the other one, yet and generally speaking we should remember that an "overalternating" distribution of certain patterns will be the least likely to happen.

More later

as.

I can write all day long about each one, but for lack of input from all the readers here, I'm going to restrain myself and just outline what reminds me of advantaged play with a little guideline chart that I have for myself.

Most Mistakes/Mistaken

1). Play too long
2). Chasing losses
3). Chasing a singular win
4). When it's there, you fail to wager and/or pump it up
5). When it's not (NOT) there, you fail to stop
6). Constantly increasing Bankroll and Buy-in amounts
7). Failure to have a rock solid M.M.M.
#8).Failure to Reset and/or abide by your Tier/Plateau 

Best Defensive & Offensive

1). Keep game relatively short
2). Believing it will all change soon if you are 100% alert
3). Change your responses to be in control, you create what happens with your wagering and no one else does
4). Long term strength is M.M.M. applied and used as a protocol along with your emotions recognized and controlled while applying
5). You do not have to have all the knowledge and experience
6). Gear your mind towards the shoe, not a limited event(s) to occur or reoccur


Discover and align yourself with the various (1) Protocols - (2) Opportunities and (3) Reality of what a shoe presenting itself offers.  (4) Be Careful, (5) Be Conscious and (6) Be 100% Unbiased. Not easy but if you remember those you will give yourself true advantages IMO and experience.

KFB wrote:

It is my opinion this concept(In Bold) is why we casino gamers (investors) should focus on "even-chance" ish type games that do not have card replacement(i.e., Baccarat) vs card-replacement games (i.e., dice and balls type games).

Exactly.

Winning streaks are inferior in economical return than losing streaks so we're forced to exploit the natural baccarat asymmetry making more probable short, moderate or long steady patterns (at either W or L side) than a kind of overalternating distribution less likely to happen at many portions of the same shoe.

By letting go some W or L patterns, IMO, we should find better than random spots to risk our money.
There are infinite ways to dissect a BP production, surely the asymmetry will overwhelm the symmetry: it's up to us to assess (approximate) when asymmetrical patterns will prolong or stop just one step ahead, given that the symmetrical counterpart is slight less likely to happen for long.

More later

as.   

There was a Sheriff who had a game,
and Bingo was the name-o.
B-I-N-G-O
B-I-N-G-O
B-I-N-G-O
FULL OF CASH, FULL OF GOOD TIMES
And Bingo was the name-o.

Alabama sheriff misspent $5 million from county's bingo operations, audit report says.


https://www.al.com/news/2025/10/alabama-sheriff-misspent-5-million-from-countys-bingo-operations-audit-report-says.html

Highest majority of people who desire to gamble can certainly do it in almost every state now.  Why spend the extra for travel coupled with ultra price gouging past comprehensibility?  Another factor is flying.  Even for 100% compliant 'Real ID w/yellow star', it has become additionally burdensome all the way around. 

As far as higher line players, there are so many properties throughout the country offering max table limits all the way to $100k without anything special, no front money, no credit lines, etc., just of the street and buy-in. 

As far as concerts, shows and events-those too are all over the country in casinos nowadays as well.

Sure Vegas has some special things and one of a kinds, but once or twice done, it's all good for the majority IMO. 

As far as the younger Millennials and older GenZ, party/pool thing for 3 seasons a year, they will pay over the top prices I'm sure.  But the gambling isn't there in most cases. 

Link below.

I agree about self inflicted. Vegas not only sat back and watched other casinos(Indian , online cas, sports wagering,..etc) take their market share. They turbo charged their own demise with what u mentioned above.

Much like Walmart once dominated their part of the market. Then sat back with complacency for 7-10years as Amazon grabbed their share with faster service, free shipping, better prices, easier returns, and on and on.

Like many things in life its easier to maintain a lead than play catch up.


*I also find it interesting how the LV casino industry spins each month/quarter/annual report. Headlines such as Vegas tourism is down but Hold from Baccarat is up. Vegas profits down but due to post-covid hesitation by tourists,...etc.
---------------------------------------------------------------------------------------------
** Quote from the link below:

"...Las Vegas saw a 12% decline in visitation in July — the last month for which statistics were released — compared to July 2024, marking the sixth consecutive month of year-over-year declines. Hotel occupancy rates also dropped to 66.7% in early July 2025, down nearly 17% from the same period in 2024..."

https://www.casino.org/news/layoffs-at-the-venetian-las-vegas-raise-more-questions/


Continued Success To All,