scout wrote: ↑Fri Feb 01, 2019 8:58 am
Hi Strato,
Have you made any slight adjustments to the target betting? Also, would you provide a quick recap of the target betting play you implement?
Scout posted this question to my TR thread. I thought it better answered here in this thread. Thanks Scout!
STRATOCASTERMAN’S “TARGET BETTING” STRATEGY
BETTING PROGRESSION STRATEGY/AMOUNTS
My betting strategy with the Grand Martingale negative progression, w/Recovery Mode after any straight 4 losses in a row, remains the same. $6 Base Bet/$14/$30/$64 – the reason for the $6 Base Bet is the Peso to Dollar conversion here in the Philippines (100 Pesos = $2). You must bet increments of 100P only, thus the 300Peso bet or $6.
I have been asked several times about why not raise my amounts since I am doing well. Do I always adhere to these $6 Base Bet/$14/$30/$64 amounts? NO! This is my base, go to betting strategy. Sometimes, I bump it up or start out, about 3 times these amounts. If things are going good, “show me the money”! If not, I will settle down back to the base betting progression.
I’ve been asked before about the $6 Base Bet. Most tables here in the Philippines are $20 Minimum tables and escalating to $30 tables, so how do I do it??? Easy! You know me, I like Banker! So, I make a $20 Player bet to satisfy the table Minimum, then make a $26 Banker bet…Net effect is $6 right? Simple. Do I catch any grief…NEVER! The ONLY side effect from this play is that 99% of the time, IF the Dealer notices that they are both my bets, the Dealer will NOT allow me to “squeeze” or handle any cards. Since my bets are on both sides, I am not allowed to “play” the hand since the Dealer doesn’t know which hand to let me play (bet amounts are irrelevant Management says). Do I care? Hell no! I am interested in one thing and ONE thing only…Winning $$$!!! That’s it! If I just have to play or handle the cards, I can go home and do that. Who cares!!! More times than not, when I get to the $30 or $64 table bet amount, I am going to get the cards anyway if I have the highest bet amount. So it is not like I NEVER get to “squeeze” the cards. Truly, I think it is the BEST and most thrilling time to get the cards really! Usually, lots of eyes and people on your side rooting you on.
RECOVERY MODE
Recovery Mode bet is $26 – once again, the 100 Peso increment.
As stated, Recovery Mode kicks in after any straight 4 losses in a row ($114 Loss). I don’t necessarily make this bet immediately following the 4 straight losses, it is a random bet made at ANY time, to “catch up” from my losses to get back to even. I generally look for what I would call a “prime” “Target Betting” opportunity (confirmation bias…hahahaha) then, make the bet. I don’t always adhere to the $26 amount either. I have been known to take some big gambles at times and bet my ENTIRE LOSS amount to get it ALL back at once. YOU decide what makes you comfortable and WHEN to do it.
If you are losing, why the hell would you continue to feed the casino large bet amounts? I am willing to do this for the possible 4 losses ($114) amount but, that is it! Just go back to your small Base Bet amount until the tide turns!!! When it does, THEN start making your Recovery mode bet amounts
Not to have the big head here but, honestly, the way I look at it any more…I am WAY ahead in the Profit column. I can afford to take the gamble because it is their money anyway and time and again has proven that I USUALLY get the “Target Betting” opportunity Win, MORE than a loss.
“TARGET BETTING” PLAY STRATEGY
MY “Target Betting” strategy is to bet the second occurrence in any run, be it Player or Banker. Further to state that MY “Target Betting” strategy is to bet when the FIRST “back to back” opportunity presents itself in a NEW or RECENTLY SWITCHED run.
Most of you know me by now, I BET BANKER ONLY! My reasoning is simply the card drawing rules. Banker’s third possible card draw is based on the Player’s results, period. Nothing fancy here folks!
OK, I had to state it that way but, that is not entirely true. I do sometimes bet on Player but, that is VERY RARE!
I used to continue betting the $6 Base Bet amount until the run ended. I do NOT do this anymore. I am satisfied with the Win and reload for the next opportunity. I just try to avoid being bumped up to the next betting level. Sure, if you Win at the next level you still Win a bit more but, I just try and avoid getting higher up the progression ladder.
CONCLUSION
Nothing is steadfast here! Develop your own progression level and amounts that makes you comfortable. Same goes for the Recovery Mode. I think as in anything else, you will settle with a pattern that works well for you. I say this because many of you have posted here or PM’d me with what works for you.
As for betting Banker all the time, it works great for me because there is no 5% Commission charged here in the Philippines. They charge their “tax” on a Banker result of six, or commonly known as the Banker “Super Six” because there is a Banker “Super Six” side bet which pays 12:1. The only problem with the Banker “Super Six” is that it carries a “tax” of 50%! Yea, 50%! I hate it but, if you think about it, it would have to happen exactly on your “Target Betting” opportunity for it to cost you anything. I went back over my shoes and figured I have probably only paid about 1% in commissions in total. That is MUCH better than 5% and you really will not hear me complain too much. Additionally, if I do get hit with a 50% payout, I will sometimes increase my bet for that amount at some point in the future to “Win” it back. I know that sounds stupid and it is. You can NEVER get it back without RISKING more on your inflated amount bet. And I have actually had times when I bet that inflated bet to get my “tax” back and damned if it doesn’t end up being another Banker “Super Six” again paying 50%. I think the moral to the story on commission is to just pay it and forget it. You are STILL Winning correct?!
Most recently, I sat down to a brand new shoe the other day after a long Christmas/New Years holiday break. I posted it above and in my TRs. I decided to bet EVERY “Target Betting” opportunity that presented itself, Banker OR PLAYER! The result was nothing spectacular but, STILL was a $100 Win for about 75 minutes worth of time. I’ll take it ANY day and it was about an average daily Win for me in that allotment of time. I decided to just head home to the condo but, usually would have stayed for another shoe.
I went back and figured my Winning average for the last 19 casino trips. It was $197 per day playing on average 2 shoes in about two and a half hours. Toss out the bathroom and cappuccino breaks and I’ll average it to 60 minutes per shoe or $98.50. Pretty decent I think for sitting on my a$$, laughing a lot, drinking cappuccinos and conversing daily events and what not with strangers.
If you haven’t figured it out lately…I just love playing Baccarat with “Target Betting” don’t you?