Open Archive 6
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A penny's worth
Posted by Cyrus on 27 May 1999, at 6:06 p.m., in response to Please give me some of your thoughts, posted by Wei on 27 May 1999, at 5:18 p.m.
"There is no way you can calculate the advantage before you place your bet."
There is. When the rules of a game are defined before a single bet is placed, that's all it takes. Anyone can calculate "the advantage before you place your bet"
"It would be a waste of time if I didn't average to bet $50 every hour, which require a total bankroll of nearly $10,000."
Do you mean that your average bet is $50? Or your minimum bet? In any case, a very rough indication of a player's bankroll requirement is about 400-500 minimum bets. If your min bet is $50, you may need more than $10,000 - but why start with that bet level if you can't afford a "safe" size bankroll? Start betting red. Step up to green when your bankroll size allows it. Better red than dead...
"Then I turned to card counting in baccarat."
That's a big waste of time right there. The man proved baccarat can't be beaten. But you may wanna try your teeth on this yummy site.
"My conclusion is baccarat can be profitable only if I have a very large bankroll like a million."
Be glad you didn't have it.
"In order to profit from the casino you need either a large bankroll with a small advantage or a small bankroll with a large advantage or both. A small bankroll with a small advantage spells disaster."
Now you're talking! Absolutely correct - though why not have a large BR anyways?!
"In my present situation I need a large advantage, at least 10%"
That kind of advantage comes only through breaking the rules. I know of only one saying that fits here: "Are you good at stealing? Don't steal. Are you good at hiding? Then by all means steal"...
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