What is the most important aspect of playing baccarat, whether casually or professionally?
The answer is BANKROLL – without your bankroll you have nothing. It’s like a business without cash-flow or working capital. So, always protect your bankroll above all else.
To protect your bankroll, you need a sound money management strategy. It’s not rocket science – just plain common sense.
Let me use an example to illustrate what I am talking about.
Depending on which baccarat strategy you plan on using, there is an associated bankroll – let’s call that $BR.
To play baccarat professionally and treating it as a business, you should have 3 x $BR (with 2 in reserve).
Let’s say that $BR allows you to play at $10 minimum table, then your 1st withdrawal target balance should be set to ([3 x $BR @ $10 min.] + [3 x $BR @ $20 min.]).
That formula is the overall cash balance position for a withdrawal of (3 x $BR @ $10 min.) while leaving a bankroll of (3 x $BR @ $20 min.) to give you the same bankroll ratio to play at the next level of $20 min. using the same baccarat strategy. In the event that you fail at this new level at a $20 min. table i.e. your 3 x $BR @ $20 min. is wiped out, you still have the original 3 x $BR @ $10 min. to fall back on.
Similarly, the 2nd withdrawal target balance should be set to ([3 x $BR @ $20 min.] + [3 x $BR @ $50 min.]).
That will allow a withdrawal of (3 x $BR @ $20 min.) while leaving a bankroll of (3 x $BR @ $50 min.) to give you the same bankroll ratio to play at the next level of $50 min. using the same baccarat strategy. In the event that you fail at this new level at a $50 min. table i.e. your 3 x $BR @ $50 min. is wiped out, you still have the 3 x $BR @ $20 min. to fall back on as well as the original 3 x $BR @ $10 min. to fall back on.
So, using this money management strategy, you are protecting your bankroll as you build it up to allow play at higher levels that will give you higher returns which will also allow you to reduce the risk by lowering your session targets since the amount being won has also increased. Instead of having to win, say 10 units per session, (assuming a single win = +1 unit) @ say $10 min. tables, you just need 5 wins of +1 unit @ a $20 min. table and still win the same amount with less risk as you won’t need to be pushing too hard.
The toughest sessions will be the very 1st stage where you need to reach ([3 x $BR @ $5 min.] + [3 x $BR @ $10 min.]). Fail at this point and your bankroll will be wiped out. It is therefore imperative that you have some solid strategies you can apply to get you there. Once you get past that initial stage, it will get easier.
Do you have the best baccarat strategies to get you past that first stage? If you have, excellent! Just implement the above recommended money management strategy and you will go far. If not, then I suggest you educate and equip yourself with these essential publications that can help you decide on the best strategy to be incorporated into your game plan.
Trust me, if you do not have a plan like this, you will never go far. Stop throwing away good money after bad – stop repeating the same mistakes thinking that your luck will change and that your turn to win big is just around the corner. I guarantee that if you do not change your baccarat strategy or implement a sound money management strategy, NOTHING will change.