True MONEY-MANAGEMENT is rarely practiced by most baccarat players.
I can only imagine because as the wins come in, they are fully under the belief that they will continue and they get into another frame of mine that turns to Greed, Recouping Past Losses and being thoroughly convinced that whatever they just won can easily be multiplied by 10 times, 20 times, 50 times, etc., etc.
Then when a few losses start their mind-frames change once again. And that is to get back the win money that they so "stupidly" allowed to slip away.
Each player is so proud of their extreme intelligence, their experience, their knowledge and what's more, their egos are huge and of course they set themselves in overdrive to not only get their lost win money back they allowed to slip away, but a substantial profit as well.
Then as a few more losses mount the frustration level, the pressure and the stress over their buyin and bankroll becomes overwhelming. Hence, a vicious and ugly session once again.
Wins and losses will happen. Read and believe anything you want on the Internet or industry published items for sale that convince you otherwise, but losses and losing time or bad luck or whatever it's called will catch up with you . If you want to believe otherwise stop reading and just go play and do what you can do. The only way to hold your wins is with a REAL and PLAYER advantaged money management method, such as the one I refined, tested, proven and use. Otherwise all everybody will do is wind up giving back their wins along with their buy-ins and or bankrolls.
People say that Money Management is 'up and pull' and 'progressions' or 'flat betting' or 'loss stops' and 'win stops' techniques, etc., etc. They are not, not on there on anyway, those are wagering techniques plain and simple. Money Management is a mechanical system that will enable you to hold, compound and continue to win additional money if your bet selection is correct. Money Management has nothing to do with what betting decision is made to wager, it has to do with the amount you wager and what you do with your wager win money.
What is my Money Management Method?
1) Bankroll
Buy-in
2) Positive Progression
3) 1/3rd, 1/3rd, 1/3rd Set-Asides
4) 1 + 4 Side Parlay
5) Sections & Turning Points
6) Level & Plateau
You Must Always Employ: Value, Respect, Recognition to the 6 sections of MMM listed above. ALWAYS.
Reference #3: And here is how it works.
1/3rd, 1/3rd, 1/3rd With the Win Money
Here is the summation.
When I win, I take 1/3 of the win money and pocket it, cash it and will not in any way whatsoever use it. I take another 1/3 of the win money and increase my Bankroll with it. I take the remaining 1/3rd of the win money and keep it as a reserve if I lose my bankroll I am playing with and still desire to play longer.
You can do it with any amount of win. Say you buy in with $600.00 and get up to $1,800.00. Take $400 and pocket it. Increase your Bankroll to $1,000.00 and put the other $400 in your pocket as a backup bankroll.
Say you won another $1,000.00. Take $350.00 and make your bankroll $1,350.00. Take another $350.00 and put it with the $400.00 and that makes $750.00 you can't touch. Take the other $300.00 and put it with the reserve bankroll you have of $400 making it now $700.00.
For me, I get the piece of mind, that I always have another chance if I lose and still want to keep playing. I have something from my win money already 'locked up' and cannot be touched. I have a slightly bigger bankroll. When I do these things, it stops me from playing the way I used to with win money, and seldom holding on to it when things turned ugly.
All I know for me and some others, compiling the win money into your bankroll sitting on the table, only makes it subjected to larger bets and being lost easier than it does without some kind of plan.
Do it with any amount of win money, adjust it for your own psychological well being. To me and most I speak with, it is easier to walk away after winning, when you know you have really tried to win more and maybe one more shot or another round at a table after a meal or a break, etc. Maybe you can win money and stack it up in front of you and value it properly, but for most players it makes them play a bit more recklessly and dangerously then when they initially sat down with XYZ bankroll.
Be Smart. Employ Control, Patience and Money Management Method.
"Believing it is coming", "It is right around the corner" or "I will just keep trying", will drain you each and every time. I promise you it will, PROMISE. Mark my words you might not want to admit it, but I'm completely spot-on about that one.
Baccarat is a 50-50 game, I don't care what anyone says on the Internet about odds, it's a 50/50 game. It is not hard to win. What is hard, is to keep the win money. What is also extremely hard is to keep winning. Why? Because that 50-50 chance moves into the casinos favor greater and greater with every hand you play.
And the longer you play the more you will lose, Win Money or your own Buy-in Money. Unlike what almost everybody subscribes to, which is the longer you play the more you will win.
You will not beat the odds each and every time you sit at the table. You will not accomplish what every player believes they so easily can, so stop trying. But you can compound, hold and incorporate win money into your bank roll if you use my Money Management Method not one doubt about it, NOT ONE!!
I can only imagine because as the wins come in, they are fully under the belief that they will continue and they get into another frame of mine that turns to Greed, Recouping Past Losses and being thoroughly convinced that whatever they just won can easily be multiplied by 10 times, 20 times, 50 times, etc., etc.
Then when a few losses start their mind-frames change once again. And that is to get back the win money that they so "stupidly" allowed to slip away.
Each player is so proud of their extreme intelligence, their experience, their knowledge and what's more, their egos are huge and of course they set themselves in overdrive to not only get their lost win money back they allowed to slip away, but a substantial profit as well.
Then as a few more losses mount the frustration level, the pressure and the stress over their buyin and bankroll becomes overwhelming. Hence, a vicious and ugly session once again.
Wins and losses will happen. Read and believe anything you want on the Internet or industry published items for sale that convince you otherwise, but losses and losing time or bad luck or whatever it's called will catch up with you . If you want to believe otherwise stop reading and just go play and do what you can do. The only way to hold your wins is with a REAL and PLAYER advantaged money management method, such as the one I refined, tested, proven and use. Otherwise all everybody will do is wind up giving back their wins along with their buy-ins and or bankrolls.
People say that Money Management is 'up and pull' and 'progressions' or 'flat betting' or 'loss stops' and 'win stops' techniques, etc., etc. They are not, not on there on anyway, those are wagering techniques plain and simple. Money Management is a mechanical system that will enable you to hold, compound and continue to win additional money if your bet selection is correct. Money Management has nothing to do with what betting decision is made to wager, it has to do with the amount you wager and what you do with your wager win money.
What is my Money Management Method?
1) Bankroll
Buy-in
2) Positive Progression
3) 1/3rd, 1/3rd, 1/3rd Set-Asides
4) 1 + 4 Side Parlay
5) Sections & Turning Points
6) Level & Plateau
You Must Always Employ: Value, Respect, Recognition to the 6 sections of MMM listed above. ALWAYS.
Reference #3: And here is how it works.
1/3rd, 1/3rd, 1/3rd With the Win Money
Here is the summation.
When I win, I take 1/3 of the win money and pocket it, cash it and will not in any way whatsoever use it. I take another 1/3 of the win money and increase my Bankroll with it. I take the remaining 1/3rd of the win money and keep it as a reserve if I lose my bankroll I am playing with and still desire to play longer.
You can do it with any amount of win. Say you buy in with $600.00 and get up to $1,800.00. Take $400 and pocket it. Increase your Bankroll to $1,000.00 and put the other $400 in your pocket as a backup bankroll.
Say you won another $1,000.00. Take $350.00 and make your bankroll $1,350.00. Take another $350.00 and put it with the $400.00 and that makes $750.00 you can't touch. Take the other $300.00 and put it with the reserve bankroll you have of $400 making it now $700.00.
For me, I get the piece of mind, that I always have another chance if I lose and still want to keep playing. I have something from my win money already 'locked up' and cannot be touched. I have a slightly bigger bankroll. When I do these things, it stops me from playing the way I used to with win money, and seldom holding on to it when things turned ugly.
All I know for me and some others, compiling the win money into your bankroll sitting on the table, only makes it subjected to larger bets and being lost easier than it does without some kind of plan.
Do it with any amount of win money, adjust it for your own psychological well being. To me and most I speak with, it is easier to walk away after winning, when you know you have really tried to win more and maybe one more shot or another round at a table after a meal or a break, etc. Maybe you can win money and stack it up in front of you and value it properly, but for most players it makes them play a bit more recklessly and dangerously then when they initially sat down with XYZ bankroll.
Be Smart. Employ Control, Patience and Money Management Method.
"Believing it is coming", "It is right around the corner" or "I will just keep trying", will drain you each and every time. I promise you it will, PROMISE. Mark my words you might not want to admit it, but I'm completely spot-on about that one.
Baccarat is a 50-50 game, I don't care what anyone says on the Internet about odds, it's a 50/50 game. It is not hard to win. What is hard, is to keep the win money. What is also extremely hard is to keep winning. Why? Because that 50-50 chance moves into the casinos favor greater and greater with every hand you play.
And the longer you play the more you will lose, Win Money or your own Buy-in Money. Unlike what almost everybody subscribes to, which is the longer you play the more you will win.
You will not beat the odds each and every time you sit at the table. You will not accomplish what every player believes they so easily can, so stop trying. But you can compound, hold and incorporate win money into your bank roll if you use my Money Management Method not one doubt about it, NOT ONE!!