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Full-Text Articles in Business
A New Variant Of Baccarat For Vip Players, Stewart N. Ethier, Jiyeon Lee
A New Variant Of Baccarat For Vip Players, Stewart N. Ethier, Jiyeon Lee
International Conference on Gambling & Risk Taking
In 2013 baccarat generated over US$41 billion in revenue for the 35 casinos of Macau, of which nearly US$30 billion was attributed to VIP players (high-stakes gamblers). Although the VIP market segment has declined over the past two years, it is still substantial. In this talk we propose a new variant of baccarat that will appeal to and attract VIP players. Its appeal lies in the facts that (a) it has a historical connection to baccarat and (b) it is closer to a fair game than is baccarat.
An Observation Study Of Chinese Baccarat Players, Desmond Lam
An Observation Study Of Chinese Baccarat Players, Desmond Lam
UNLV Gaming Research & Review Journal
The Chinese gaming market, Macau in particular, is one of the biggest opportunities in the world today. Many industry observers have reported a clear interest among Chinese in playing baccarat. Together, VIP and non-VIP baccarat accounted for as much as 85% of Macau's 2005 gross casino gaming revenue. This paper documented and examined the psychology of Chinese baccarat players through a 'non-participatory' observation study. The study discovered some peculiar behaviors about these Chinese gamblers that included a display of high illusion of control. Chinese baccarat players appeared to derive monetary, excitement, entertainment and social values from baccarat gaming. The results …
Game Volatility At Baccarat, Andrew Macdonald
Game Volatility At Baccarat, Andrew Macdonald
UNLV Gaming Research & Review Journal
The authors discuss the volatility of table games using Baccarat as an example. The expected deviation from the win, in percentage terms, will decrease as the number of decisions is increased. In absolute terms, the deviation is likely to increase as decisions increase. Through the formulas presented in the article the author shows there is no natural evening-up process. That is if a casino lost one million dollars on Baccarat play last month, the casino manager cannot expect to make the theoretical win plus an additional one million next month. The article will help managers understand and plan for fluctuations …
The History Of Baccarat, Theodore Whiting
The History Of Baccarat, Theodore Whiting
Occasional Papers
The true origins of modern Baccarat are probably lost to history. The first time the game Baccarat (spelled Baccara) was mentioned in print by a contemporary observer was in the early 19th century. The written record that would document the origins and evolution of the game is, unfortunately, incomplete. However, a close examination of the available material reveals some interesting facts surrounding the history of Baccarat, including a much earlier date for its arrival in the United States, that validates its continuing study.