BACCARAT - No commission? Hah!
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From: Icono Clast on 4 Dec 2009 05:33 Coming home from Anaheim a Golden State Freeway billboard announced "Baccarat - No Commission!"* Wow! Gotta get in that game! and got off the road. Sat at the table and asked, because of the non-commission, "What are the rules?" to have the 40:1 Dragon7 sucker bet explained to me. I proffered $100 and thought it strange that, with a minimum of $25, I got only three quarters, four nickles, and five ones. Placed my bet and waited for the draw. She tapped a circle on the layout. "Whuzzat?" "You have to put a dollar there for the house." "Does it fall when I lose?" "Win or lose, it's a dollar for the house." "That amounts to a commission of about eight percent!!!" As I picked up my checks to go to the cage, she commented something like "You're the first one to get it" What a rip-off and waste of my time! *Most Baccarat games have a 5% commission that's collected only when one wins a Bakers bet. That bet's PC is just a bit higher than Craps' Pass Line. An excerpt from: <http://www.marketwatch.com/story/commerce-casino- takes-10-ez-baccarat-and-10-ez-trak-2009-09-10> ABOUT EZ BACCARAT EZ Baccarat is revolutionary method of accelerating the speed of baccarat by eliminating the commission. The winning hand bank commission is replaced by "barring" one specific winning bank hand and/ or reducing the banked winning wagers. The EZ Baccarat method bars a three card total of seven and is trademarked as the "Dragon 7". Players can also make a side wager as to the occurrence of the Dragon 7. This side wager pays 40 to 1 and creates an additional way for the player to win and a new revenue source for the casino. The EZ Baccarat methodology and the Dragon 7 bet were co-created by Robin Powell and TJ Tejeda of the Talisman Group in conjunction with DEQ. These methods and trademarks are protected within the scope of DEQ's no commission baccarat intellectual property portfolio that protects all methodologies such as barred hands and reduced banked winning wagers.
From: Icono Clast on 4 Dec 2009 05:36 On Dec 4, 2:33 am, Icono Clast <ICl...(a)JPS.Net> wrote: > a Bakers bet That's "Bankers" of course. Sorry. Perfection evades me.
From: Don Del Grande on 4 Dec 2009 11:51 Icono Clast wrote: >Coming home from Anaheim a Golden State Freeway billboard announced >"Baccarat - No Commission!"* > >Wow! Gotta get in that game! and got off the road. > >Sat at the table and asked, because of the non-commission, "What are >the rules?" to have the 40:1 Dragon7 sucker bet explained to me. I >proffered $100 and thought it strange that, with a minimum of $25, I >got only three quarters, four nickles, and five ones. > >Placed my bet and waited for the draw. She tapped a circle on the >layout. "Whuzzat?" "You have to put a dollar there for the house." >"Does it fall when I lose?" "Win or lose, it's a dollar for the >house." "That amounts to a commission of about eight percent!!!" > >As I picked up my checks to go to the cage, she commented something >like "You're the first one to get it" How do you get 8% out of that? You are putting up $26 against the casino's $24 (25 minus the one for the house). Even in a zero house advantage game (and betting on the house in baccarat is a player's advantage, which is why the 5% commission existed in the first place), that's a loss of $2 per $52 wagered, which is 3.85%. Yes, you did say "commission" and not "house advantage", but still, I only see a $1 commission on a $25 bet here. -- Don
From: Icono Clast on 5 Dec 2009 05:22 On Dec 4, 8:51 am, Don Del Grande <del_grande_n...(a)earthlink.net> wrote: > Icono Clast wrote: > >"You have to put a dollar there for the house." > >"Does it fall when I lose?" "Win or lose, it's a dollar for the > >house." "That amounts to a commission of about eight > >percent!!!" > > How do you get 8% out of that? I didn't actually do the math but a 5% commission on a $25 bet is $1.25. In a normal game, it's payable only when you win a Bankers side bet. In this game it's also payable when you lose a Bankers side bet thus making the winning commission $2.50 or 10% presuming 50/50 win/ lose. But, because the Bankers side wins at greater frequency than the Players side, I took off 2% to arrive at what might be a more reflective percentage. You're welcome to do the math to make it an accurate one. Regardless of what the actual percentage is, it's the highest I've ever seen at Baccarat. If you ever seen a Baccarat game with a 4% commission, it's a better bet than Craps' pass line. If you ever see a Baccarat game with a 3% commission, it's the best bet in the house! _____________________________ From: Icono Clast <ICl...(a)JPS.Net> Date: Sun, 8 Mar 2009 05:08 Baccarat I once bet, and lost, a $2,700 bet in a $20 game. Yes, I'd won, starting at $20, enough to make that bet and, on losing it, quit and went home with about two months' wages. People who knew Nevada casinos when they were owned, and run, by gamblers like Harold Smith, Bill Harrah, Fitzgerald, and Tex Binion, even Bob Stupak, know about generous comps, fair conditions, and limits that gave the player a chance to make a few bux in spite of Old Man P.C. Those days are long gone and dearly missed.
From: Don Del Grande on 5 Dec 2009 13:51
Icono Clast wrote: > Don Del Grande wrote: >> Icono Clast wrote: >> >"You have to put a dollar there for the house." >> >"Does it fall when I lose?" "Win or lose, it's a dollar for the >> >house." "That amounts to a commission of about eight >> >percent!!!" >> >> How do you get 8% out of that? > >I didn't actually do the math but a 5% commission on a $25 bet is >$1.25. In a normal game, it's payable only when you win a Bankers side >bet. In this game it's also payable when you lose a Bankers side bet >thus making the winning commission $2.50 or 10% presuming 50/50 win/ >lose. But, because the Bankers side wins at greater frequency than the >Players side, I took off 2% to arrive at what might be a more >reflective percentage. You're welcome to do the math to make it an >accurate one. I think I figured out what you mean - and it's 8.127% Assuming the bank wins 45.86% of all hands (you win $24), the player wins 44.63% (you lose $26), and the remaining 9.51% are pushes (you lose $1), you are expected to lose $0.6925 on each $26 bet on the bank; this is a house edge of 2.66%. In a normal game, when a $26 bet wins $24.70 and a push loses nothing, the house edge is 1.063%. The house edge would be the same as "no-commission baccarat" if the commission was 8.127%. -- Don |