Saturday, March 22, 2014

Why Baccarat is huge Money for Casinos


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Contrary to what some players think, a big casino cruses along side average bettors helping to defray the prices of business, but it is the handful of giant players that make or break a club. In fact, even a big casino may also be impacted by the monster bets made by the most important players, and their favorite game at this time is baccarat. For those who ever hand questions about baccarat, do not feel bad, so do a large number of players.

In a nut-shell, baccarat as offered in most casinos is actually Punto Banco, where you just choose the Player or the Banker to win each hand, however the house edge is a tiny 1.06 percent, so big players put their big bets where they suspect they'll do the most efficient! Some funny things have happened over time on the bac tables, including a terrible weekend with $100,000 per-hand players at Harrah's Tahoe where they lost $3 million and close the room down in frustration after the player left.

Another lucky player won $5 million at high-stakes mini-baccarat on the Borgata Hotel Casino in Atlantic City a pair years ago, and he single-highhandedly put the casino within the red for the weekend. After all by the tip of the month they were just down 16 percent in revenues for the month!

Atlantic City isn't new to special bac play, back a few years Trump Plaza used to cater to Akio Kashiwagi, who played $100,000 a hand for months on and off, until May of 1990 when he was allowed to bet $1 million each hand. By the top of his stay he was down just 10 bets, but that's $10 million to you and me!

More recently, poker pro Phil Ivey Poker champion Phil Ivey lost $80,000 playing at Crockfords casino in London, then returned with a feminine friend and had a dream (nightmare) session at Punto Banco, winning $11 million. Unfortunately, the casino refused to pay, stating there has been possible collusion and Ivey's friend had recently had her membership at another casino revoked. Eventually Ivey got his buy-in of nearly $1 million back, but that is the last I've heard on that case. Anyone? Yeah, Baccarat may also be weird!


Read More... [Source: About.com Casino Gambling]
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