Discipline & Greed

Discussion in 'Journals' started by LOgg, Oct 17, 2010.

  1. You mean you don't keep a record of your bacc sessions like you would when trading? Where you say "not betting the first 10 rounds will give you an edge"....have you quantified that hypothesis? Do you lose your edge if you just sit through 9 rounds of not betting? Could you walk me through the math of all of this , especially the resistance point hypothesis you mentioned. The vig you pay in bacc makes it a negative expectation game, show me the math of how this would not be true. Seriously, if you're as good as you say, you should be able to show some depth unless you're a clairvoyant.

    And, I do know and have played a lot of bacc in my stupid days and then decided that of all the negative expectation games, the bacc has odds of 1.06, slightly better than a toss of a coin, but still NEGATIVE. Would you hypothesize that you can find predictability and future trends in coin tosses?
     
    #11     Oct 18, 2010
  2. LOgg

    LOgg

    I didn't use any hard-core equations and I do not have any solid math to back this up (just the standard neurotic probability and gambling stats thats used with most house games). Nor did the people who were at the casino everyday when i was there playing bac rolling in black and purple chips. I only played full time-ish for 5 or 6 months. One month at the casino and rest on a site that supported live bacc games. If you want to say there is no math therefor it never happened then go ahead, I couldn't care less since this journal is about trading and sharing some personal info on myself. Fibs would would be pretty counter productive.
     
    #12     Oct 18, 2010
  3. LOgg

    LOgg

    coin tosses have the same predictability like roulette. cards have values to them. hence why you used to be able to count cards with blackjack.
     
    #13     Oct 18, 2010
  4. That's true, fibs would be counterproductive and we all know that nobody ever lies on this site. This site is the only place on the internet where you will find 100% honesty from everyone.
     
    #14     Oct 18, 2010
  5. LOgg

    LOgg

    LOL sad but true. With some exeption to journals, I hope. :(
     
    #15     Oct 18, 2010
  6. LOgg

    LOgg

    Eh can't copy and paste all the date without looking like crap: you may open my P&L in open office. Net $233. Hard & quiet day not much going on until the last quarter really had to grind it out. I trade SPY too much really need an alternative. My high of the day was around $300.
     
    #16     Oct 19, 2010
  7. Visaria

    Visaria



    If you are dumb enough to believe you can make money from playing baccarat, you really shouldn't be trading at all. There is some dependency between rounds i.e. if you counted cards if might give you some advantage, but NOT enough to overcome the house advantage.

    From http://wizardofodds.com/baccarat

    "Riding Trends

    Every baccarat table will have plenty of scorecards and pencils for the players to keep track of the outcome of every hand. Most players will do so religiously and carefully analyze their card for trends as the winning hand switches back and forth from the banker to the player. This is a big waste of time! The smart player will bet on the banker every time and leave the scorecards alone."
     
    #17     Oct 19, 2010
  8. Visaria

    Visaria

    I think you may be even more dumb than the OP.
     
    #18     Oct 19, 2010
  9. sumfuka

    sumfuka

    LoL :D

    If you're so smart, why aren't you rich then? Look, it's not rocket science you piece of shit; some people win money and some people lose. Perhaps you're one of those people that always lose. It's really that simple. :p
     
    #19     Oct 19, 2010
  10. LOgg

    LOgg

    Me, dumb? Are you too dumb to read? How is this unreasonalbe - If I made a decent income for half a year, def not long term but has to be medium term, and I knew a small few amount of peope who did the same, how can you say I'm dumb enough to believe it. I believe it because made money - DERP? And good job qouting a site and suggesting betting every hand is a good idea. Get mad seriously. Stay here if you want to talk about trading & get lost if you want to be a d-bag.
     
    #20     Oct 19, 2010