Baccarat House Edge – “People will try to tell you that all the great opportunities have been seized. In reality, the world is changing every second, generating new opportunities in every direction, including yours.” (Ken Hakuta)
Commission-free Baccarat is ubiquitous in establishments across Asia, Australia and New Zealand (including Macau, where Baccarat accounts for over 90% of gaming revenue). This interview article explains how a Macau gaming official, Alidad Tash, popularized gaming in Macau.
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We also talked about commission-free Baccarat in this webinar we hosted earlier this year. The purpose of this blog post is to dig deeper into Baccarat and why we believe now is the right time to adopt this variation in North America, particularly for properties where it represents a significant segment of gaming revenue. We will discuss:
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The name “No Rake” or “No Fee” given to this variation of Baccarat is a misnomer, or perhaps a promotional bragging opportunity, as the game provides a rake for the House. The only difference is how the Chamber pays/collects the funds.
In traditional commission Baccarat, the dealer charges the banker a 5% commission for each winning bet, whereas in no-commission Baccarat, this is not the case. 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 commission on winning bets is 50%.
In some Asian jurisdictions, this variation of Baccarat is also called Super Six, referring to Banker 6 and thus avoiding the name “No Commission”.
Since this variation of Baccarat is not exclusive, there are no licensing fees associated with its implementation. Most importantly, no additional expenses are required to implement it as it uses the same design and equipment and can be used with existing side bets.
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According to the article mentioned above, this version of rakeless Baccarat has been successfully adopted and gained popularity 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 charged. .
Let’s look at some qualitative and quantitative factors that have made the no-commission variant of Baccarat popular among traders in the Asia-Pacific region and why the same arguments will apply in any jurisdiction, including North America and the Europe.
Baccarat is a slow game by definition. From one hand to the other, multiple interactions and events contribute to this slowness. Some of the factors that slow down the pace contribute to the excitement of the game (e.g., pressing the cards), while others take away from it (e.g., waiting for other players to decide whether to bet on the player or on the banker). ). . ; We provide solutions to this case in this blog post).
As a player, waiting to be able to (afford) to take possession of winning bets is one of those factors that diminishes the excitement of the game. In Baccarat, when the dealer pays winning bets, all players must wait, without touch their winning bets, until the last player to the left of the dealer is paid. This is due to the security of the game, since the dealer can get confused with the succession of payments made.
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There is a different experience when the player goes and the shots are picked up 1:1, every day, in a quick movement, versus when the shots are picked up on the bank and the calculations/recogida of files for all and one of them are made. places. In a busy action game, a player at the anchor gets paid, but may not be able to hit their winning bet for a few minutes until the last player gets paid.
The no-commission Baccarat variant offers a better customer experience by allowing almost all winning Baccarat bets to receive the same money in the same way as winning players’ bets, therefore at a faster rate. Most importantly, players no longer have to wait to place their next bet.
As a dealer playing traditional commission Baccarat, approximately 46% of all hands dealt (banker wins) will result in 5% commission deductions that look like this:
In contrast, when winning bets are paid to the player (~45% of the time), the payouts look like this (even in money) for the same level of action:
House Edge On Baccarat
On the contrary, when it comes to no-rake Baccarat, the dealer will make quick and even payouts about 85% of the time and only during the rest of the 15% of the time will he have to do more calculations. The 0.5 to 1 calculations are also much simpler than the 5% calculation.
As a result, the dealer’s life is made easier by offering an exciting game that is more efficient and less prone to errors.
Casino management, from the supervisory level on up, will reap the benefits of adopting the no-rake Baccarat variant by:
From a quantitative point of view, the superiority of the commission-free variant is due to two levers: Game Pace (RPH) and House Edge (HE).
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As mentioned above, in traditional raked Baccarat, around 45% of hands will be quick, fair, winning bets for the player. The remaining ~55% of hands will be slow paying hands: either calculating commissions on the banker’s winnings, or tied hands that also require calculations (however, ties generally have fewer points played once achieved).
For the no-rake variant, the percentage of hands with simple, fast and fair payouts is around 85%, as for all players’ winning bets.
A large majority of bankers’ winning bets will receive the same money. Only the rest of the ~15% of hands will require additional calculation and chip collection.
This difference favors commission-free Baccarat, allowing you to make nearly 2x or more paying hands quickly, an increase of around 35%. A 35% faster game will show a corresponding improvement in the game’s financial performance with respect to holding % (RPH being one of the % determinants) and win/open time.
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Regarding the house advantage: while the ET for bets placed on the player is the same for the traditional variants with commission and without commission, for banker side bets the ET increases from 1.06% in the variant with traditional commission at 1.46% in the commission-free variant. commission. , an increase of 17%.
Introduce a product that offers the same Baccarat game, but you can play a 35% more quickly and with an HE a 17% more quickly, therefore it will improve the performance of your Baccarat farm segment, without any real legal impact for this. the customer. Additionally, this is often seen as an advantage for the customer who wants to bet on the next spin, rather than waiting for a long payout.
Some properties in North America and Europe have already made the switch and are seeing the benefits. If you’re reading this and haven’t already, it’s time to bring commission-free Baccarat to your casino!
As Senior Vice President and Head of North American Business, Ari brings more than 15 years of experience across multiple North American jurisdictions, including Las Vegas, Atlantic City, Florida, Pennsylvania and Connecticut. Ari oversees Tangam’s global customer base and helps operators adopt performance management best practices.
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With nearly 20 years of casino experience, Victor has worked in several Canadian casinos, where he trained staff and managed slot and table game operations. At Tangam, he helps clients around the world implement data-driven management of table game spreads and prices in the gaming floor to achieve their revenue management goals. Victor holds an MBA from the University of Newcastle, a Postgraduate 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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