How does the variance in win/loss streaks in baccarat affect the optimal bet sizing strategy for long-term bankroll management?

[Killman2002]

Variance in win/loss streaks in Baccarat significantly impacts optimal bet sizing strategy for long-term bankroll management. Here's a summary:

1. Volatility: Baccarat's natural variance leads to streaks, affecting bankroll fluctuations.
2. Bet sizing: To manage bankroll, bet sizing should adapt to streaks:
- During winning streaks, increase bets to maximize gains.
- During losing streaks, decrease bets to minimize losses.