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Every gambler is searching for techniques to win, believing that there must be a surefire way to win at baccarat, otherwise, where would all those titles like "Gambling King," "Gambling God," or "Gambling Saint" come from? But little do they know that others who play this have accumulated their experience and mindset over time!
Mr. Ye Han once engaged in a marathon session of baccarat in Las Vegas, playing continuously for 36 hours. He lost over 2 million dollars of his 5 million initial capital. However, within a few days, he managed to recover the lost 2 million dollars and even won over the casino by another million dollars, along with a Rolls-Royce gifted by the casino. He said, "When you're winning, win as much as you can, but when you're losing, limit your losses." What does it mean to limit your losses and win without limits? It's what we often refer to as setting stop-loss and take-profit levels. Everyone might know this principle, but it's challenging to implement. Below, we'll discuss how to master and calculate these stop-loss and take-profit levels:
**Stop-loss**: Losing 2 million out of 5 million dollars means a stop-loss rate of 40% to 60% of your initial capital. This requires some finesse. A seasoned gambler won't leave the table until they've lost less than 5 million dollars. If they lose patience and become reckless, they might end up making impulsive decisions and regret them later. Such gamblers have no future because they lack understanding and patience. They keep chasing their losses without considering the consequences. Eventually, these half-hearted gamblers either lose their savings or end up bankrupt. That's the outcome!
**Take-profit**: Losing 2 million dollars but eventually winning back 1 million dollars means starting with the same 5 million dollars, whether considering the previous losses or not. So, the take-profit rate is between 30% and 60%. Why calculate it this way? Because it's like starting a new game each time, with the same initial capital of 5 million dollars. Setting the stop-loss around 40% of the previously lost amount, winning back 1 million dollars means winning 3 million dollars in total, along with a Rolls-Royce gifted by the casino! Therefore, based on this calculation, considering the previous losses, the take-profit rate would be between 30% and 60%.
Aside from stop-loss and take-profit, there's also the matter of mindset. A steadfast mindset allows a person to remain calm and composed regardless of winning or losing. This kind of mindset enables one to walk away when winning and not be greedy when losing. With such a mindset, it's difficult not to make money. After all, this is supposed to be a form of entertainment, a way to pass the time. It shouldn't be treated as a means to make money; otherwise, one might end up losing everything, and then it'll be too late for regrets!
In various types of gambling, each has its own excitement and entertainment value, chosen according to individual preferences. Some people say, "Winning or losing in gambling is all part of the fun." These people are pragmatic. In every form of gambling, winning or losing involves mathematical, psychological, philosophical, and luck-related factors. For example, in mahjong, there are over a hundred tiles; in poker, there are 52 cards; in sic bo, there are six sides; in horse racing, there are rankings and weight allocations for horses. Mathematical theories and logical reasoning dissect the wins and losses, while fate determines whether you end up with the opposite results. Good luck cannot always be by your side, and you never know when it will come. The key to winning or losing in gambling depends on the gambler's own cultivation, patience, skills, knowledge, and luck. It's a logical conclusion that in long-term gambling, you will lose because you won't always win or always lose. For example, in five rounds of gambling, you can only win twice and lose three times. Even with elementary mathematics, you'd lose one round to the house. But if you manage your money wisely and take calculated risks, there's a chance you'll win two rounds, even if you lose the first three. By understanding your capital and seizing opportunities, you may win the last two rounds. Entering a gambling establishment, you won't win from the beginning to the end. In the casino, you won't believe you can win continuously for over ten rounds. Winning once or twice is already good enough, and losing two or three rounds is acceptable. The key is to seize opportunities and manage your money wisely. After all, gambling is about winning more than losing.
To be a successful gambler, you must know how to control your emotions and mindset. In most cases, when we're at the gambling table, we're not just battling the casino; we're also fighting against our emotions and psyche. Before starting a game, we need to set personal rules: the capital for each game, the time for each game, having a bottom line, not joining a game when it's not profitable, not being greedy for victory, being willing to accept defeat, and staying humble in victory and composed in defeat. A clear mind is the most basic requirement for playing this game well. If you can manage your mindset effectively, you'll know when to minimize losses when in a weak position and when to stop when in a strong position. The key to gambling success lies in personal self-control. Most players lose because they can't control themselves. Remember, in gambling, what matters most is your mindset and your luck! Sometimes we can control our mindset very well, but we can never demand consistent luck. When it's time to stop, stop decisively and don't get involved! When it's time to take profits, do so decisively and don't be greedy for victory! Because luck is always changing! Only when your mind is calm can you fully control your destiny and avoid acting recklessly in moments of indecision and panic. This is the biggest taboo in gambling! The highest level of gambling is "winning after a long gamble." Losing or winning money will no longer affect you emotionally; you'll just treat it as a form of entertainment. Sometimes, we can control our mindset very well, while our luck remains beyond our control. |
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Post time 8-4-2024 07:35:21