November 18th, 2010 | Published in Casino News
Baccarat is continuously proving to be a growing money maker for all land-based casinos. No game in Las Vegas is more intimidating than baccarat. It is played in an elegant, high limit room with staff ready to fulfill all your needs. Despite the expensive appearance of baccarat, it is an incredibly easy game to play. Baccarat actually requires no skill as moves are the result of the cards dealt.
Baccarat Continues to Grow
Although currently a rarity, baccarat is beginning to grow in across the industry. The simplicity of the rules mixed with the sophistication of the game make it a popular competition. Also, since no skill is involved and there is a low house edge, players flock to this game. Once the first card is dealt you are as good at the game as a player that has been playing for 20 years.
Throughout this recession, baccarat has generated more revenue than any other table game in Nevada. In 2009 represented 17 percent of the Las Vegas Strip’s gambling revenue compared to 9 percent in 2004. These numbers are so incredible baccarat was the focus of all seminars at the Global Gaming Expo in Las Vegas.
The Mathematics of Winning
Baccarat has the same 50-50 odds of winning as flipping a coin. To make money, the casino slightly skews the odds in their favor. Nevertheless, it is one of the most reasonable games in the casino. Overall, the house edge for baccarat is 1.1 percent compared to 2 percent for an unskilled blackjack player. In comparison, American roulette has an edge of 5.26 percent.
Baccarat in the Media
Media reports have recently highlight losses of $115 million between two baccarat players in Singapore which opened its first two casinos this year. Macau is the world’s largest and most lucrative gambling market. As expected, it also contains the highest concentration of baccarat tables in the world. In the Chinese culture, baccarat is the most appealing way to showcase your wealth.
Baccarat is a game that continues to grow in numbers and revenue generated by casinos across the globe. As this trend spreads, Las Vegas will add more tables to accommodate new and veteran players to this gambling forum. A dream for Chinese baccarat players is to come to Vegas and win. Adding additional tables will draw more players from the Asian market to come to Las Vegas. Hopefully baccarat will pull many casinos out of the recession.