Below are 19 short topics that I got into a discussion the other day with a few baccarat players at one of the casinos. People I've known for quite some time and respect. A few of the topics, I have written about and included  one way or another in my threads. Here they are.

1)  Extremely intelligent people tend to be correct about a greater amount of things than others. However there is an interesting flip side to that coin when they are wrong they are much harder on themselves to Let It Go and search for the correct protocol. Because they are so much better at coming up with answers, jurisdictions and results as a truth, they believe that the real ttuth is not actually the truth and they are hurting themselves, which stands true in pursuit of profiting at the game of baccarat. So the standard double edged sword turns out to be a triple edge super sharp sword to themselves, especially in gambling.

1-A)  Most all people start out with good intentions comprised from Rationalization, Research and Reasoning.  Something I call the 3 R's.  What most fail to realize up front and usually for quite sometime, is that all of their 3 R's will not continuously and consistently match the presentments at the baccarat table.

2)  The actual play.  Diversity Wins.  Inclusion Matters.  Make it a Mosaic.  Excellence comes in all Hues & Stripes.

3)  Building and believing in a continual pattern or trend is 100 percent the #1 wrong approach to baccarat.

4)  Playing for an 'upcoming' streak is extremely dangerous to your bankroll.  Probably the #2 mistake made in the game of baccarat.

5)  You cannot, "Beat the game" of baccarat.  Meaning you will never find a trigger that will continuously win or one above the 50 percentile mark anyway.  Never ever.

6)  You have to Lose to Win.

7)  If you are not there playing you cannot win.

  #8)  You cannot change what is going to be presented.

9)  Winnings, and capitalization on your winnings will always result in the fact, 'time will take away your advantages'.

10)  Waiting out shoes, backfire the highest majority of the time because you are second-guessing and watching 'wins' go by and then when a short section does appear you are not 'in' the game, your successions are highly affected in numerous ways that will generally give you only disadvantages.

11)  Attempting to prove you are right, prove you're innocent with "stay strong" theories will bankrupt you many times over.

12)  Wisdom and thoughts do not translate into making money on your terms.

13)  The Drive. You wind up saying, "This cannot be happening to me". Something that most all players do, but seldom realizing what is happening.

14)  What you wind up doing, is to simply betray yourself. Inflicting betrayal upon yourself adds up to hardcore continual losses.

15)  Almost never realizing what the real focus needs to be at the table and the importance of remaining totally conscious in neutrality, rather than feeding into the numerous downfalls of the game.

16)  The downfalls of the game are parallel to wishful thinking, with tons of fallacy.

17)   Employing a Stop Loss and a Stop Win, without a complete money management method that will only frustrate, confuse and make most all players go down the wrong roads.

18)   Anticipation and Desire.  Be careful of those two.  They will play on you, whether you are at the casino or off property.  Don't allow your desires and thoughts to overwhelm and hamper your playing consciousness which can and probably will change your wagering decisions for the worse at the table.

19)   Sections, Plateaus and Levels.  Understand what they are and what yours are as well.  We all have them, yet very few baccarat players are even conscious about them.  I have explained them in detail on the board here. 

Thx alrelax

Great list--I agree with most.

Some of the most important IMO:

     6)  You have to Lose to Win.

          Same as in life: we often learn more from the strikeouts then we do the home runs.

     
     17)   Employing a Stop Loss and a Stop Win, without a complete money management method that will only frustrate,
     confuse and make most all players go down the wrong roads.

          Yes indeed---To me personally controlling (limiting) the the loss is most important. Im against limiting the
          upside(however,  thou shall not be greedy). 


Continued Success To All,

Reference #6.

Probably a great topic for itself that very few even think about.

THE. DRAWDOWN

There is most definitely a drawdown the highest majority of times in your buy in at the table prior to any real profit coming your way.  You have to figure in and calculate the loss and the impact to your buy in as you wager to survive the drawdown harm.

Again, not a stop loss but a conscious and expected drawdown of your buy in prior to your profit section coming your way.

Excellent point, imo.

To get a long term profitable plan we must know to face a proportional amount of losses coming aorund NO MATTER HOW SMART WE THINK WE ARE, so there are only two ways to win itlr:

- discarding the most part of the inevitable losses coming along;

- getting the best of the inevitable wins.

Without any doubt, those opposite situations more often than not tend to come out in clusters than by a hopping pace.


as.

alrelax in reply#2 above:

"...THE. DRAWDOWN
There is most definitely a drawdown the highest majority of times in your buy in at the table prior to any real profit coming your way.  You have to figure in and calculate the loss and the impact to your buy in as you wager to survive the drawdown harm...."

     Especially if one wagers a PosProgression(Im certainly in this category). That is unless one is insync with a pos streak in their first couple attempts. Otherwise our net win size from a latter streak will obviously  be a function of how many misses (buyin depletion) we had to endure prior to that clump of wins. I like to think of it as how many steps (i.e., wagers, bullets, steps, distance) must I expect to travel or expend between winning clumps.

     IMO this topic (Drawdown) is ultra important as it gets into bet sizing-to buyin-to bankroll---to our win goal size. The better our hit rate the fewer bullets we need(IOW our betsize can be a larger ratio to our buyin & vice versa). This is also a function of "what is our win goal" and that too is a function of our buyin size . 

IMO when many of us first started playing Bac we often over estimated our hit rate and that means we likely under estimated our required number of bullets /size of bankroll required. Coupled with the fact we also overestimated the size of our win goal. At least I know I did.

Re: Drawdown--I also think the emotional part of sitting at a table having drawndown significantly will affect a player and their future decisions. I see a common issue on an almost daily basis. Where a pos pro player will wager a pospro and after the expected draw down ("because of the pospro"), will then be too emotionally distraught when the perfect streak comes along and then not be able to pull-the-trigger and really capitalize on said streak. When they could have recovered >=200%+ of the most recent drawdown. Instead they will limp toward the finish line /barely make it back to even or +10-20% net win.

SOLUTION: If one is willing to lose their buyin then one also needs to be willing to accept a huge win when it does indeed present itself(And it will). We just don't know when.


Continued Success To All,

You need to be acclimated to Drawdowns and accept they are a part of almost every session.

Drawdown what is it?

It is technically the amount of money you lose before you start drawing of profit from your buy in.

First.  When does it occur. It can be in the very beginning of your session or it can equally be in the middle or towards the end, when you are on your last few wagers before exhausting your buy in money.  Drawdown can happen at any time. The only time it will not happen is if you win in the very beginning and keep winning and cash out never losing any of your buy in.

Second.  In my opinion it should only be viewed with the amount in front of you. Not collectively from previous sessions or running tallies, etc.

Third. Again in my opinion the Drawdown must not be viewed and compared to previous Drawdowns either. The presentments are different and there is no reason to compare. You have to remember Drawdowns fluctuate and will always fluctuate with no rhythm and no reason to attempt to define anything more than what I just said. They are completely random and will always be random.

Fourth.  Emotions, pressure and other feelings will be triggered within yourself that will not and cannot be avoided. You tell yourself you will not let the pressure and anything else get to you, but it will. The larger the Drawdown the greater and more intense those feelings will be. Be ultra conscious of that, stop getting sucked in.

Fifth.  Do not confuse Drawdown with Stop-Loss. Many will fail to see the difference but there really is. Drawdown is an undetermined, unplanned amount of money that will be lost before you realize a profit that is within your horizon of, "winning this session and it is time for me to stop", thought and belief. A better way to describe it is, you realize your buy in is your risk money and you will play until you win or lose and you are not doing what some people do, which is ridiculously sit down say with $1,000 and if you lose $300 you're done. Or if you lose say 3 or 5 wagers, your done, etc.  All that does is put an undue amount of pressure on you, because you have money there you are saying you're not willing to wager and you cannot wager and you have to make money on a certain percentage of it. Trust me it's a huge negative in sitting down at the table.

Stop Loss is simply like I said, a set amount of money if you lose out of your buy in money you will stop playing, no leeway, no questions asked.  That is if it's truly a set Stop Loss amount.

Realize that there will be fluctuating Drawdowns at any time prior to winning a decent amount of money or getting a profit, that you had in mind and one that you have to risk on a continual basis. Allow it to be so and you will take off a lot of pressure and a lot of frustration from your frame of mind in handling your money at the table.