Many dream of the glamorous lifestyle often associated with that of a high-roller – jetting around the world’s casino circuits with a small entourage consisting of beautiful women companions and bodyguards with dark sun glasses – wild parties in VIP Clubs or on a private luxury yacht – and so on and so forth.
Is it really possible?
Yes of course it is, if you treat it like a business. And like any business, if you do it right, you can be wildly successful which will then allow you to enjoy the fruits of your labour.
Is it easy?
Hello NO! Just ask yourself – is it easy for you to build the next Amazon or Facebook? Absolutely not right? So, playing baccarat professionally and achieving the level of success that will give you the lifestyle you have always dreamed of is also not easy. Not by a long shot.
Just like running a business, there are many variables in play including:
- Working capital – Bankroll
- Operational expenses – Travel, accommodation, entertainment expenses
- Business model – Baccarat analysis, strategy and execution
- Business constraints – Baccarat table limits
- Knowledge and experience – Knowledge and experience
- Place of business – Land-based casinos, online live dealer casinos
- Hours of business – Hours of play
- And most important of all – PATIENCE AND DISCIPLINE
So you see, there are respective points to take into consideration if you are serious about making money consistently playing baccarat.
How much you make will largely depend on what bankroll you have to begin with. You can of course start low and then build up, just like in a business.
So where do you start and how should you go about it?
The 1st thing you need is a business plan – more specifically, you need a baccarat business plan. If you do not plan, you are gambling and you are planning to fail big time. Having a plan does not shield you from failure but it helps keep you on track and to make any necessary adjustments along the way.
Start by making a list of what you need (as opposed to what you want) and needs will include all your daily and monthly living expenses which you must take care of (usually with the salary from a job for most people). Then make another list of what you want. For each item in both list – make sure you put a monetary value alongside it so that you can tally it all up.
For starters, focus on the ‘needs list’ only and when you have achieved that you can then set your sights on your ‘wants list’.
Let’s say that your needs add up to say, $X (or whatever currency you want to use) per year.
$X a year breaks down to = $X / 12 = $M a month
$M a month breaks down to = $M / 4 = $W a week
$W a week breaks down to = $W / 5 = $D a day (assuming you work a 5-day week)
$D a day breaks down to = $D / 10 = $S a session (assuming you play 10 sessions a day – session time varies depending on strategy)
So, if your needs add up to say $120,000, then your breakdown would look like this:
$120,000 a year breaks down to = $120,000 / 12 = $10,000 a month
$10,000 a month breaks down to = $10,000 / 4 = $2,500 a week
$2,500 a week breaks down to = $2,500 / 5 = $500 a day (assuming you work a 5-day week)
$500 a day breaks down to = $500 / 10 = $50 / session (assuming you play 10 sessions a day)
What bankroll do you have to start with? That is the most critical question! If you start with too little, you stand the risk of losing it all very quickly. Ask yourself, if you were to start a business that can nett you $120,000 a year, how much working capital do you think you will need to get it to that level?
For baccarat, it will then depend on the strategy you intend to use to achieve your objectives. If you don’t have a strategy then you need to equip yourself with some sound strategies – otherwise you are just gambling blindly – you might as well just send your hard earned money directly to the casino – it will save you time!
To make $50 a session is relatively easy with the right strategy and bankroll. So if you play at say $25 tables, that equates to winning 2 units per session. So you will need to apply a strategy that can deliver 2 units per session.
And if your base unit is $50, then the requirements will be halved to just winning 1 unit a session, making it even easier – so it is all relative to your available bankroll.
You should use a spreadsheet to keep track of your bankroll and session progress, taking into account occasional withdrawals to meet your needs and so on. And as your bankroll grows, you can at some point play at a higher base level like $50 base, $100, $200, $300, $500 etc. In due course, if you progress steadily (no not rush as Rome wasn’t built in a day), then in due course you could well be playing with $5000 base units and at that level you would be making $5,000 a win. You won’t need many wins at that level a day to afford the lifestyle we talked about at the beginning of this post!
BUT don’t get all dreamy and excited – you WILL NOT get there overnight! You need to plan and plan properly and you must have the mental discipline to stick to your game plan. Along the way, your strategy may fail – and you must be able to handle the good with the bad. A setback is not the end of the world as long as you are disciplined and NOT COMPULSIVE. Like any business, sometimes your business will face a downturn or some other problems but if you are patient and work at it, eventually you ride out the bad times.
Most importantly, you do NOT need to beat the game of baccarat in order to make money from it. You just need to apply the correct strategy to secure the wins you need session by session and slowly but surely you will be heading towards your ultimate dream lifestyle.
Start with having the the best tools available to help guide you – read these eBooks to get on the right track. They DO NOT promise you a ‘Holy Grail’ but they will give you great insight and strategies to secure the session wins you need. If you do not have the skills or knowledge, you do not have a chance in hell of getting anywhere near that dream.
And worst still, if you do not have the patience or discipline, don’t even bother, you will only end up blaming everybody else but yourself – I have seen this happen to many people and I don’t want you to be the next one to happen to.