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Baccarat, Money Management This is the hardest area for recreational gamblers to digest, simply because it requires you to come up with a betting scheme to dovetail with your gambling theories to maximize your profits. Translated that means: bet smart to win big. From old timers to
some of the more astute gamblers on the Strip, the best money management
strategy can be reduced to this simple directive: bet slow and small when
you are losing and bet more when you are winning (see the information
on streaks above). In other words, one of the worst things you can do
is “chase” your losses. This means betting more and more until
you finally win. I have seen losing streaks of as many as 10-15 hands.
It seems like you are a genius when you are making the right decisions
and winning and a torrid loser when you couldn’t name the missing
letter in the word m-o-n-y. One other tip: if and when you win, don’t give it back. Try not to think of your winnings as “theirs.” You’ve won and it isn’t their money any longer. Do you honestly believe casino-managers take your money thinking, “Ah-ha, now I’m playing with their money.”’ If you won the money, it is yours, period. A dollar won is twice as sweet as a dollar earned.” - Paul Newman, The Color of Money "You cannot beat a roulette table unless you steal money from it."- Albert Einstein “It is the mark of an inexperienced man not to believe in luck.” - Joseph Conrad Visit
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