Entertainment Baccarat Casino Game
Baccarat has a reputation for being a high rollers game and the tables are normally separate from the rest of the casino in there own section called the pit. This means the game is quite simple especially as there are only three possible bets that can be made. Each player takes it in turns to deal from the shoe there is however no advantage to be gained from it and it is just part of the tradition of the game. When the bank wins the house claims a %5 cut of the winnings and the total amount is collected every time the shoe is reshuffled. The aim of the game is to get as close to 9 as possible and if you are nearer then you win. If the dealer has 0 then he must draw. If the dealer has 1 then he must draw. If the dealer has 2 then he must draw. If the dealer has 3 then he must draw if your card is a 0-1-2-3-4-5-6-7-9. If the dealer has 8 then he must stand. If the dealer has 9 then he must stand.
The game is played using a fixed set of rules for the player and the dealer, and these rules represent the best odds of winning for both the player and for the house. With this approach you keep track of what you bet over the course of four hands. With this specific baccarat system, you can risk two dollars for a return of ten.
- First, bet one unit. If you win add another, making the second bet a total of three units.
- If you win the second bet there are six units on the table. Remove four, making the third bet two units.
- If the third bet wins, add two more units for a total of six on the fourth bet.
- If the fourth bet wins, you collect a total of 12 units, ten of pure profit. If you win the second bet but lose the third bet, your profit is two units. The same system will work for any casino game that pays out even-money. Don’t doubt it. To even out the odds the house charges a commission (usually 5%) on winning player bets placed on the house. How should this change the way a player wagers?
Factoring in the commission it turns out that you are still slightly better off by betting that the house will win. If the commission is less than 5% then it is always to your advantage to bet with the house, while if the commission is more than 5% it pays to bet on the player winning. Removing the tie hands in the event there is no payoff, the odds of the player winning are 492% and for losing 508%. For various commissions we can calculate the following average payoffs then, assuming 100 wagers of were made.
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