Royal Panda roulette

Poll

How do you feel about the "Roulette Business" approach?

I can relate to the concept and run my own roulette business.
3 (75%)
This is new to me but I am interested to learn about it.
1 (25%)
It won't overcome the house edge.
0 (0%)
It's all hype and has no value.
0 (0%)

Total Members Voted: 4

Author Topic: What's all the hype about the "Roulette Business" approach?  (Read 555 times)

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MickyP

What's all the hype about the "Roulette Business" approach?
« on: October 07, 2019, 03:59:29 PM »
Hi all, with this thread I'd like to examine the "Roulette Business" approach and how best to condition yourself to treating roulette as a business.

We don't have to reveal or discuss details of a specific system/strategy/method or AP related approach. I'm more interested in discussing what is required to create a holistic approach to a roulette business starting with mindset and business infrastructure.

Feel free to add your thoughts and ask questions that will help to unravel the concept of a roulette business.

I will post my thoughts on mindset and infrastructure in a day or two.
 
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Jesper

Re: What's all the hype about the "Roulette Business" approach?
« Reply #1 on: October 07, 2019, 04:29:39 PM »
Roulette is a business "with infrastructure" for the casinos, no doubt. Infrastructure for a player what is that? It can be players winning, but how is it a business? I did not vote!
 

MrPerfect.

Re: What's all the hype about the "Roulette Business" approach?
« Reply #2 on: October 07, 2019, 07:18:00 PM »
Go and open a business,  it's a paper with business name, address...ets. Start to pay taxes, if you employ other people, pay them wages, their taxes, national insurance. ..ets.
 
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Jesper

Re: What's all the hype about the "Roulette Business" approach?
« Reply #3 on: October 07, 2019, 07:43:01 PM »
Most legal business finance theire operations via loan from banks and/or via shares which are on another playground, the stock exchange.
 

MrPerfect.

Re: What's all the hype about the "Roulette Business" approach?
« Reply #4 on: October 07, 2019, 07:55:12 PM »
I imagine Mickey finally reveals his " business plan" to bank clerk and laugh it will provide. ..
 

juice

Re: What's all the hype about the "Roulette Business" approach?
« Reply #5 on: October 07, 2019, 11:21:27 PM »
Alright.
We all know what MickyP is trying to accomplish here.
A calm lucid conversation that lends itself to a logical approach to making money.
By seeing it as a business, one will be holding himself accountable for his / her performance.
This forum is littered with negative responses, ( some of them my own) and mostly because of past friction between opposing views. Micky admittedly being one of the perennial culprits that has taken pleasure in voicing his opinion regularly.
Having said all that, I will give it a go on the topic.
So many players have been self employed in there straight jobs, aside from casino life, myself included, mentioning the obvious things will be boring but necessary
- working capital:
All the money I need to operate my business, is sitting on the casinos table, waiting for me to extract it.
The goal is to move the casinos stack to my own stack, as safely as possible.
What does this mean exactly?
As the old saying goes....Chance favors the prepared mind. Or something like that.....

Most business plans need many ingredients...
Depending on the business, obviously.
Product
Labor
Location
Insurance
Taxes
Sales
Credit
Growth
Deadlines
Just to cover a few.
I myself manufactured what I sold.
That involved all the above list and more.
So for me, I saw gambling, roulette mainly, as a way to do business without all the peripheral interuptions that I had dealt with for years prior.
In roulette, my capital investment is a small fraction of my past revolving overhead.
I always thought real estate brokers ( realtors, in the U.S. ) had it better than anyone.
They got to sell a product that they had no vested interest in.
They make large, unjustified commissions, for doing practically nothing in comparison to the money they keep.
So when I started gambling, because that is what is was to me decades ago, gambling, I quickly realized that there was ton of benefits in modeling my future income steam around the casinos business model.
To me, this opportunity was better than real estate sales.
My game is never over and I do not play with any stop loss.
There are however, many nuts and bolts to my method(s).
Speaking for myself, by comparison, roulette is a much easier path to wealth.

 
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MrPerfect.

Re: What's all the hype about the "Roulette Business" approach?
« Reply #6 on: October 07, 2019, 11:43:24 PM »
Of course.  Calm and lucid conversation. .. path to wealth. ..
   That's why there are there so many easy millionaire from roulette and property brokers all are under the bridge. 
 

leowls

Re: What's all the hype about the "Roulette Business" approach?
« Reply #7 on: October 08, 2019, 12:29:25 AM »
I'm not very sure but i think to be successful in our roulette business we must start thinking like a bank. I have been studying how bank recover from its debt and the formula it uses to calculate the interest rate from its debters. Think of the felt numbers as debtors and how you would lend money to them individually and getting back the interest if they do not win within expectation.
 
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juice

Re: What's all the hype about the "Roulette Business" approach?
« Reply #8 on: October 08, 2019, 12:33:21 AM »
Mr.p, right on que with his broken English and ignorant opinion.
Just because you have not figured out how to win, does not mean that others have not.
You disappoint with the same old predictable rhetoric.
 
The following users thanked this post: palestis, MickyP

palestis

Re: What's all the hype about the "Roulette Business" approach?
« Reply #9 on: October 08, 2019, 02:25:16 AM »
Treating roulette as a business,  by itself does not contribute to winning.
First you need a system-method -strategy that has been proven to win consistently and in the long run.
Then you can start thinking about a business plan.
 
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MickyP

Re: What's all the hype about the "Roulette Business" approach?
« Reply #10 on: October 08, 2019, 01:47:38 PM »
Thanks to Juice for the thought provoking post; very much in line with the theme.

Palestis made a strong but accurate statement " Treating roulette as a business by itself does not contribute to winning". On it's own, a business approach offers no guarantees of success but as a foundation supported by a business plan and good business practice you are able to develop a holistic business approach that enables success.

A Roulette business is very similar to many other forms of business and it requires a business mindset just as much as any business for its success. Business people often time can not switch off from their business thinking (mindset) over to their home or pleasure mindset. This requires continued conditioning. Ever wondered why when people return from a holiday, they appear more tired than they normally are from their work situation? It has a lot to do with acclimatizing to mindset adjustments much like overcoming jet lag. The human mind works off a biological clock (influenced by time) and once it is conditioned to function in a certain way it goes into a repetitive loop phase. Fortunately, the mind is mailable to a degree and we can learn and in so doing, we can program our minds to function in a certain way under all conditions including adverse conditions like that of a casino.
Running a roulette business requires a business orientated mindset that is conditioned through repetitive practise. Air Force pilots practise on a daily basis to always be in a state of readiness should they one day be faced with the reality of war. In the same way the roulette player must practise and test their approach on a regular basis as well. All this practise conditions the roulette player to stick to knowledgeable play according to their methods and style of play. To a point the roulette player must have an almost mechanical approach to dealing with playing conditions at the roulette tables. This leads me to infrastructure, provided courtesy of the casino or casino group.
The casino is the war zone and the fight is more than just to win chips. Casinos are ruthless in their business approach. They provide your business platform that can be accessed 24/7 right across the globe. They pay the electricity bill, employ and pay staff wages, pay rent or land taxes, purchase, install and maintain your business tools, provide secured parking, provide for other needs like free drinks and snacks and so on. They even go to great lengths to provide comfortable furniture and create great ambiance with expensive lighting installations and lastly, they add sound effects of winning players just to convince you that you too can be a winner. They include promotions and give aways to encourage you to be more active in your “business dealings”; sound familiar? Much of what casinos do is designed to alter your mindset. They want you to let your guard down so you do not focus on winning but on having a good time; after all, it is a gaming establishment…lol
These opening remarks should get the discussion rolling. I feel that looking at mindset and preparing to address roulette as a business will be far more valuable to forum users at this time than discussing business plans. 
« Last Edit: October 08, 2019, 01:54:33 PM by MickyP »
 

MickyP

Re: What's all the hype about the "Roulette Business" approach?
« Reply #11 on: October 08, 2019, 04:54:56 PM »
As a player you need to evaluate your behavior prior to and during roulette sessions. Do you feel like a racehorse at the starting gates when you walk into a casino? Have you got butterflies in your stomach as you walk up to the roulette tables, What's going through your mind at that moment? Do you imagine piles of chips, how you practiced building up piles of chips or do you visualize your buy in chip piles getting smaller and smaller till eventual failure? Your mindset is important and should not be influenced by emotions. You have tested and practiced enough to rely on achieving your desired outcome. You have learnt from your failings how to deal with situations. How you play is printed in your business plan but it is influenced by your mindset during execution.

Roulette forums are a good source of information for the player but forums are filled with negativity that in some cases conceal what could be life changing information. Learn to deal with the negative and don't let it stand in your way. Learn from your critics. I learnt from Mr J (Ken) and if I did not challenge him then maybe I would have missed a great learning opportunity. Through him I was able to readjust the way I originally looked at roulette. He was a guy that did all he could to find a way to make roulette work for him. The way he set about improving his game was a valuable lesson that I applied in my own approach; not that I was oblivious to it but I did not give it the importance it deserves. I joined the forum to help myself improve my own approach to roulette. Yes, very selfish to only think of myself but is it selfish to ask questions no one else is willing to ask? Is it selfish to share ideas that may help some players improve their winnings or reduce their losses? :D 

The way you condition your mind to run a roulette business is firstly to not see roulette as a game of leisure. Rather see it as a boardroom table where deals are made and signed. Everything about your interaction with roulette needs to conducted on a business level. You need to bury the gambler mentality; it may be difficult for some but with enough determination you can stop gambling and start conducting business.
 

MickyP

Re: What's all the hype about the "Roulette Business" approach?
« Reply #12 on: October 08, 2019, 07:09:26 PM »
Here is a video that deals with mental preparedness.

As you watch it, think about how you approach roulette. How prepared are you mentally?

https://youtu.be/sLGqTikbdlY
 

MickyP

Re: What's all the hype about the "Roulette Business" approach?
« Reply #13 on: October 08, 2019, 08:01:12 PM »
The attached video deals with excessive gambling losses. The majority all considered themselves BJ specialists but there are roulette and other game players mentioned.

Notice the trend in their mental capacity and how many of them claimed unfair casino practice. None of these "successful" people had a clue on how to mentally prepare themselves for the challenge and relied purely on lady luck for the winnings that ultimately destroyed them.

Just something to think about.

https://youtu.be/aq1IFpxO7wc
 

MickyP

Re: What's all the hype about the "Roulette Business" approach?
« Reply #14 on: October 08, 2019, 09:39:55 PM »
Last video on mindset; enjoy

https://youtu.be/az6NibAUf7Y