Baccarat happens to be among the most prominent casino games in the world but remains an enigma for a majority of casino players. The game is known to bring a lot of revenue to casinos, with Asia and Singapore being the two places which record the highest income from it.
Even though baccarat brings in a lot of income to the casinos, most casino players do not like to play the game, despite it being a fun-filled activity. Over the last twenty years, the casinos have been particularly trying to discourage high rollers, for a variety of reasons, such as the ones highlighted below.
Baccarat is a low hold percentage game, with 1.2% being the average house advantage on player and banker bets. Upon playing for an extended period, the edge of the house increases to 14% on a third bet, which explains why experienced players usually stick to banker or player.
The game is usually reserved for the high-limit gaming areas only, where the stakes are always quite high. The main idea is to get closer to nine in comparison to the opposite hand. The player gets to decide which hand to bet on, as well as the amount of money to wager.
The chances of a high-roller player winning big are quite high, due to the improved odds. The winnings are at the expense of the casino. It is true that the casinos also stand a chance of winning a lot of money within a short time, but the risks are too high.
There are a good number of casinos which have lost millions of dollars to baccarat players in the recent past. Such statistics are what makes casinos fear baccarat. In light of this fact, some casinos have done away with the game, to minimize the chances of the house losing money.
Most casinos which offer baccarat, try to take extra measures to avoid losing vast sums of money within a short time. Most casinos opt to limit the amount of money that a player can bet on a single hand, which in turn limits the amount of money that the player can win.
They also offer the game on a single table, as opposed to the double tables, which were the case in the elegant European origins. On the regular casino floors, the table minimums are usually lower compared to the pricey areas. As a result, casinos have managed to reduce the risks or grow their bottom line.
Despite the fact that Baccarat is popular among casino players, it is not the best game for casinos in terms of profitability.