Baccarat House Advantage – “People try to tell you that all the great opportunities have been taken away. In reality, the world is changing every second, offering new opportunities to everyone, including you. (Ken Hakuta)
Commission-free baccarat is a ubiquitous game in Asia, Australia and New Zealand (including Oman, where baccarat accounts for over 90% of gaming revenue). This interview article examines how Macau Games chief Alidad Tash promoted the Games in Macau.
Baccarat House Advantage
We also discussed that this website we visited earlier this year has no commissions. The purpose of this blog post is to dive deeper into baccarat and why we believe it is time to adopt this variant in North America, especially for properties that make up a significant portion of the game’s revenue. We discuss:
North America: It’s Time To Adopt “no Commission” Baccarat
The name “Commission Free” or “Commission Free” given to this baccarat variant could be a misnomer, or it could be an opportunity to sell advertising money as the game offers House. The only difference is how it is paid/collected by the House of Representatives.
In traditional commission baccarat, the dealer takes a 5% commission on every pot win, but no commission. The only exception is when the banker wins with a value of 6, which happens on average once every 19 hands, and the banker’s betting commission is 50%.
In some parts of Asia, this baccarat variant is also called Super Six, which refers to Banker 6 and thus avoids the “no commission” label.
Since this type of Baccarat is not owned, there is no license fee to be paid with its deployment. Also, since it uses the same layout and equipment, there is no additional cost to implement.
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According to the above article, this version of commission baccarat has been successfully adopted and popular in Asia because the table layout, rules and player experience are the same as traditional baccarat, with only one difference: the way the commission is collected.
Let’s dive into some of the qualitative and quantitative factors that make no-commission baccarat variants popular with operators in the Asia-Pacific region, and why the same arguments hold true in several regions, including North America and Europe.
Baccarat is by definition a slow game. From hand to hand, there are several interactions and events that contribute to this slow pace. Some factors that slow down the game add to the excitement of the game (such as shuffling), while others take it away (such as waiting for other players to decide whether to bet the player or the banker; we offer a solution for this case in this blog post).
As a player, one of the things that reduces the excitement of the game is waiting to catch (allow) the winning cart. In baccarat, when the dealer pays out a winning cart, all players must wait until the last player to the left of the dealer is paid without touching their winnings. This is due to the security of the game, as the dealer can be confused with the amount paid.
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There is a different experience in quick action where the player hits and the winning wheel is 1:1, even if paid, the banker is paid for the winning wheel and there is a calculation/chip break for each position. In a quick action game, the player in the anchor position gets paid, but cannot touch their winning wagon for several minutes until the last player pays.
The commission-free Baccarat version offers a faster customer experience with almost all Baccarat winning carts paying the same as winning player carts. Also, players don’t have to wait any longer to place the next wagon.
As a traditional commission baccarat dealer, 46% of all hands dealt (the banker wins), a 5% commission is deducted, roughly as follows:
On the other hand, when paying for player-earned carts (~45%), the payout for the same level of activity is even more like money:
The Official Online Baccarat Glossary
In comparison, in commission-free Baccarat, the dealer even pays out quickly ~85% of the time, and the other 15% of the time it’s just a recurring calculation. Also, 0.5 to 1 is much easier to calculate than 5%.
As a result, the salesperson’s life is easier to deliver exciting and effective performances, and less prone to errors and mistakes.
Casino management from the supervisory level to the Commission will benefit from using the version of Baccarat:
Quantitatively, the advantage of the no-commission variant is provided by two levers: rate of play (RPH) and House Edge (HE).
Play Baccarat In Las Vegas
As mentioned above, the traditional commission in baccarat is ~45% of the hand, which pays out quickly even if the player makes money. The remaining ~55% of hands are slow-paying hands: either a banker’s win, which calculates the commission, or a tie, which requires a calculation (but usually has little to do with hits).
For the “No commission” variant, like all player winnings, it is simple, fast and even pays out at ~85%.
Most of the Banker’s winning wagons are even paid for. Only the remaining ~15% manually requires some kind of calculation and additional manipulation of the chip.
This difference is favorable for commission-free baccarat to provide a hand that pays almost 2x or faster, which is 35%. A 35% faster game indicates a corresponding improvement in the financial performance of the game in terms of Hold% (one of the RPH Hold%) and Win/Open hours.
Baccarat Variations & Side Wagers
As for the house: while the player’s rate HE is the same for traditional commission and commission options, the banker’s side rate HE increases from 1.06% in traditional commission to 1.46% in the no-commission option. , an increase of 17%.
Introducing a product that offers the same game as Baccarat but with ~35% faster processing and 17% higher HE will improve the performance of your Massey Baccarat portions without hurting the customer. In addition, it is considered beneficial for the patron who wants to place the wagon in the next cycle instead of waiting for a long time for payment.
Some properties in North America and Europe are already making the change and seeing the benefits. If you’re reading this and haven’t already, it’s time to start accepting commission-free baccarat at your casino!
As SVP and Head of North American Business, Ari has over 15 years of experience in North America, including Las Vegas, Atlantic Ocean, Florida, Pennsylvania and Connecticut. Ari oversees Tangam’s global customer base and helps operators adopt best practices in product management.
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With nearly 20 years of casino experience, Victor has worked in casinos across Canada where he trained staff and managed table games and gaming operations. At Tangam, he implements data-driven desktop game distribution and game pricing management for clients worldwide to help them achieve their revenue management goals. Victor holds an MBA from the University of Newcastle, a Post Graduate Diploma in Business Administration from the University of Melbourne and a BA in History and Philosophy from the University of Bucharest.
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