You know I was talking to a couple very experienced players at the baccarat table the other night and I got out of paper and pen and showed them my 1 + 4 side parlay wager, that I constantly do.
You know take just $50 because a lot of tables are $50 minimum and parlay it four times after you win once is a net profit of $1,550. Take that same $50 and flatbet it you, need 31 wins to make the same amount of money. It looks like this:
$50.00. Win wager: $100 $200 $400 $800. Net Profit: $1,550.00
Flat Bet would look like this:
$50.00. Win wager each time: $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
And if you ever followed me and read anything I've written about my 1 + 4 side parlay wager, it is not a consecutive dedicated wager. I always have a main wager as my base bet, that is what I called my side wager and I'm wagering that out of my win money that's allocated four, five, six or seven times to complete one 1 + 4 side parlay wager.
Think about it, if you play to win you play to win!
Try this with win money set aside. But couple the 1 + 4 Parlay Wager with your regular base wagering selections.
The pysch end of it will be to your advantage, I promise you that! :nod:
Is it actually good money management to do the 1+4 side parlay wager? How often do you win 2/3, 3/4 or 4/5 and lose the $50 ? Would it not be more efficient to take back your original wager after 2 wins? Just a thought. :)
You can certainly twist and turn it any way you like. But my goal is to complete one or two out of five six or seven attemps and again strictly with win money, so I do risk it.
But I want the larger reward on the fourth one that wins and those first couple of Wagers are valuable to stay in place for myself.