Baccarat is among the most played games in casino lobbies. Its origin can be traced back to Europe in gambling salons based in some parts of France and Italy. In the last three decades, its popularity increased greatly in Asia and the United States.
Macau casinos make more money than casinos in any other place in the world. A huge percentage of the money made comes from baccarat, showing how important the game is. The same applies in Las Vegas casinos, where a majority of visitors do not even know how to play the game, yet find it quite attractive.
Baccarat is the game of choice for a majority of high rollers, especially in Asia. Punters love the game so much partly because of cultural preferences and partly due to the high chances of winning which the game presents. The entire game is based on pre-determined rules.
Players bet on either the banker's or player's hand and then wait for the dealer to make a call. The object of the game is to choose a hand which is closer to nine compared to the opposite hand. If the total of the cards is more than nine, only the second digit counts.
The main reason as to why casinos love baccarat is because it is very profitable. Statistics show that a good percentage of revenue in many casinos usually comes from baccarat. The success of the game can be attributed to being associated with power and luxury.
The other reason is that a majority of baccarat players associate the game with culture and luck. This keeps the players coming back to the casinos repeatedly. The game also takes a short time for each round to be completed. This means that the turnover is quite high, which works to the benefit of the casino.
In baccarat, the house advantage is usually quite low when compared to other games. This translates to the players having higher chances of winning when they play baccarat. High rollers enjoy playing the game at high-limit tables, which allows them to win huge sums of money.
When the players win big, the casino loses a lot. Given the low house edge, such a scenario is entirely possible. Baccarat is a great example which shows the relationship between high risks and high rewards. There have been numerous cases of casinos running bankrupt and players celebrating as well as the vice versa.