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The number one casino game in the world is a bit of a mystery to many American casino-goers.
Baccarat traces its history to the gambling salons of Italy and France, but within the past thirty years its rise in casinos — mostly in Asia but increasingly in the United States—has made it a game that casino managers and gamblers alike flocking big.
How big is baccarat worldwide?
Since displacing Las Vegas in 2006, Macau's casinos have generated more revenue than any other city in the world.
Last year, Macau's 40 casinos made more than 88 percent of their $33.2 billion on baccarat.
Singapore casinos likewise get much of their revenue from the game, and even on the Las Vegas Strip—where many visitors don't even know the rules of the game—it accounts for 18 percent of total casino win.
Slot machines are the only game that generates more revenue for Strip casinos, and there are many more of them in Las Vegas than there are baccarat tables.
Bill Zender, a former Nevada Gaming Control Agent, casino dealer, executive, and current consultant, generally wrote the book on operating casino games.
Over the course of his 40+ year career, he has seen baccarat significant expand.
“Before the influx of Asian players, to get people interested in the game, we really had to dress it up,” he says.
"Therefore, there were the large double tables, tuxedo-clad dealers, and lovely women mingling.
It was very James Bond."
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Zender adds that, over the past twenty years, Asian high rollers have almost always made baccarat their game of choice since it is tailored to their cultural tastes.
“The cards are shuffled, and they are put into the dealing shoe,” he says.
“There is no hitting or standing for the player—it is all based on pre-determined rules.
So they believe that their luck flows into the shoe.
This is very crucial.
When a dealer made a mistake, we used to burn [discard] the card, but the Asian players would leave the table because they believed it to have ruined their luck.
So we began dealing a dummy hand in its place while saving the card.
Baccarat is a simple game to play even though it's frequently hidden away in high-limit gaming areas.
Players choose whether to bet on the “Player” or “Banker” hand, then sit back while the dealer does the rest.
To get closer to nine than the opposing hand is the goal of the game.
If your cards total above nine, the first digit is dropped.
As an illustration, a seven and a six add up to a 13, which is reduced to a three.
Aces count as one while the 10-count cards (tens, jacks, queens, and kings) count as zero.
Dealers follow a fixed set of rules which determines whether a third card is drawn, so the only decision for the player to make is which hand to bet on,
Why does baccarat draw big rollers?
The game has one of the lowest hold percentages in the sodocasino.me , with an average house advantage of about 1.2 percent on banker and player bets, in addition to the cultural factors Zender outlined.
There is a third bet, tie, which, if both hands equal the same number, pays off eight to one, but it has a much larger house edge—over 14 percent.
Most serious players, then, stick to player or banker.
What makes baccarat dangerous for casinos is that, due to the large amounts of money bet and the thin house edge, players have the potential to win serious money at the casino's expense.
What are the maximum betting limits?
According to Zender, casinos on the Las Vegas Strip may accept bets up to $150,000 per hand and accept wagers as high as $750,000 SGD (approximately $550,000 USD) per hand in Singapore.
While casinos can potentially make millions in a few hours, they can also lose millions.
The general rule I tell them is that your risk is 100 times your average bet, says Zender of his advice to casino managers hoping to profit from baccarat.
Therefore, if a man bets $10,000 per hand, he might earn $1 million from you.
It is possible because that is within two standard deviations.
Baccarat has changed a great deal from its elegant European origins.
Zender says that since most of the big Asian players don't care much for the James Bond pageantry of tuxedoed dealers and double tables, so most casinos now offer the game on a single table, which looks a great deal like a blackjack game.
While table minimums are expensive still in high limit areas, the game can also be found there, frequently with lower minimums, on the regular casino floor.
So the game that started in Europe and acquired a new life in Asia has become more accessible than ever to American gamblers.
Given its tremendous potential for revenue and its proven track record around the world, don't be shocked if your local casino adds more baccarat tables soon.
And, given that this is one of the few games where a high-betting player can potentially put a hurting on the casino, don't expect to see any shortage of deep-pocketed players ready to try their luck.
Since displacing Las Vegas in 2006, Macau's casinos have generated more revenue than any other city in the world.
Last year, Macau's 40 casinos made more than 88 percent of their $33.2 billion on baccarat.
Singapore casinos likewise get much of their revenue from the game, and even on the Las Vegas Strip—where many visitors don't even know the rules of the game—it accounts for 18 percent of total casino win.
Slot machines are the only game that generates more revenue for Strip casinos, and there are many more of them in Las Vegas than there are baccarat tables.
Bill Zender, a former Nevada Gaming Control Agent, casino dealer, executive, and current consultant, generally wrote the book on operating casino games.
Over the course of his 40+ year career, he has seen baccarat significant expand.
“Before the influx of Asian players, to get people interested in the game, we really had to dress it up,” he says.
"Therefore, there were the large double tables, tuxedo-clad dealers, and lovely women mingling.
It was very James Bond."
.jpg)
Zender adds that, over the past twenty years, Asian high rollers have almost always made baccarat their game of choice since it is tailored to their cultural tastes.
“The cards are shuffled, and they are put into the dealing shoe,” he says.
“There is no hitting or standing for the player—it is all based on pre-determined rules.
So they believe that their luck flows into the shoe.
This is very crucial.
When a dealer made a mistake, we used to burn [discard] the card, but the Asian players would leave the table because they believed it to have ruined their luck.
So we began dealing a dummy hand in its place while saving the card.
Baccarat is a simple game to play even though it's frequently hidden away in high-limit gaming areas.
Players choose whether to bet on the “Player” or “Banker” hand, then sit back while the dealer does the rest.
To get closer to nine than the opposing hand is the goal of the game.
If your cards total above nine, the first digit is dropped.
As an illustration, a seven and a six add up to a 13, which is reduced to a three.
Aces count as one while the 10-count cards (tens, jacks, queens, and kings) count as zero.
Dealers follow a fixed set of rules which determines whether a third card is drawn, so the only decision for the player to make is which hand to bet on,
Why does baccarat draw big rollers?
The game has one of the lowest hold percentages in the sodocasino.me , with an average house advantage of about 1.2 percent on banker and player bets, in addition to the cultural factors Zender outlined.
There is a third bet, tie, which, if both hands equal the same number, pays off eight to one, but it has a much larger house edge—over 14 percent.
Most serious players, then, stick to player or banker.
What makes baccarat dangerous for casinos is that, due to the large amounts of money bet and the thin house edge, players have the potential to win serious money at the casino's expense.
What are the maximum betting limits?
According to Zender, casinos on the Las Vegas Strip may accept bets up to $150,000 per hand and accept wagers as high as $750,000 SGD (approximately $550,000 USD) per hand in Singapore.
While casinos can potentially make millions in a few hours, they can also lose millions.
The general rule I tell them is that your risk is 100 times your average bet, says Zender of his advice to casino managers hoping to profit from baccarat.
Therefore, if a man bets $10,000 per hand, he might earn $1 million from you.
It is possible because that is within two standard deviations.
Baccarat has changed a great deal from its elegant European origins.
Zender says that since most of the big Asian players don't care much for the James Bond pageantry of tuxedoed dealers and double tables, so most casinos now offer the game on a single table, which looks a great deal like a blackjack game.
While table minimums are expensive still in high limit areas, the game can also be found there, frequently with lower minimums, on the regular casino floor.
So the game that started in Europe and acquired a new life in Asia has become more accessible than ever to American gamblers.
Given its tremendous potential for revenue and its proven track record around the world, don't be shocked if your local casino adds more baccarat tables soon.
And, given that this is one of the few games where a high-betting player can potentially put a hurting on the casino, don't expect to see any shortage of deep-pocketed players ready to try their luck.
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