Gambling Club

 

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Although it’s often tucked away in high-limit gaming areas, baccarat is a simple game to play. Players choose whether to bet on the “Player” or “Banker” hand, then sit back while the dealer does the rest. The object of the game is to get closer to nine than the opposite hand. If your cards total above nine, the first digit is dropped. For example, a seven and a six would result in a 13, which is dropped to a three. 10-count cards (tens, jacks, queens, and kings) count as zero, while aces count as one.

Dealers follow a fixed set of rules which determine whether a third card is drawn, so the only decision for the player to make is which hand to bet on, and how much to wager.

Why are high rollers attracted to baccarat? In addition to the cultural reasons Zender outlined, the game has one of the lowest hold percentages in the casino, with an average house advantage of about 1.2 percent on banker and player bets. 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. How high do the betting limits go? Zender cites casinos in Singapore, which take bets as high as $750,000 SGD (about $550,000 USD) on a single hand, and shares that casinos on the Las Vegas Strip might take bets as high as $150,000 per hand. While casinos can potentially make millions in a few hours, they can also lose millions.

“The rule of thumb I tell them,” Zender says of his advice to casino managers looking to reap the profits of baccarat, “is that your risk is 100 times your average bet. So if a guy is betting $10,000 a hand, he could conceivably win $1 million from you. That’s within two standard deviations, so it can happen.”

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 remain pricey in high limit areas, the game can also be found on the regular casino floor, often with lower minimums.바카라사이트

So the game that started in Europe and received a new life in Asia has become more accessible than ever to American gamblers. Given its high potential for profitability and its proven track record around the world, don’t be surprised 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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