Category Navigation:

Baccarat Money Management 101

There are several strategies and betting systems for Baccarat, but in reality, the key to winning and longevity, is knowing how to manage your bankroll.

Baccarat money management, or the lack of it, is what separates the successful gambler from the one who goes bankrupt. Before you develop a plan, you need to be aware of a couple of things first.

The first is that any genuine and effective Baccarat bankroll strategy will not aim to eliminate the house edge, because that is impossible. That edge, and the commission, will always be there. What money management does is to keep you in the game for a long period of time so that when the winning streak comes, you'll be able to have enough to keep playing.

Second, any Baccarat money management strategy would include minimizing your losses. Most betting systems claim to eliminate this, but that's nonsense; you can't do that, but you can keep it to a minimum.

To attain these goals, your Baccarat bankroll strategy must involve discipline. For example, you should bring in an adequate amount to the game; you don't want to play too cheaply (it goes without saying that the money you set aside for the game should be something you can afford and not meant for anything else. This may sound obvious but some players miss this point completely).

Second, bet on a fixed amount during the early stages, so that you will be able determine if any trends are developing. If the game is choppy (no trends) keep your bets at the original level.

If there is a trend towards the banker or player, then increase your bets. After the game separate your winnings from the rest of your Baccarat bankroll. After every session, tally not just your wins and losses, but also the amount you have won and lost. You'll want to look at the stats over a long period, so that you'll see how your money management strategy is working.

If it isn't look over the bets that you have been making, and inspect the areas when you bet too much or too little. This will go a long way towards establishing a sound bankroll.

Managing your Baccarat bankroll is no different from taking care of a business investment; look at the big picture, and think of the long term. Doing this will allow you to get a wider and clearer perspective and make you realize that while the house edge will always be there, you can, with proper care of your money, still emerge a winner.