Wynn loses 10 million on baccarat

Discussion in 'Other Casino Games' started by TDVegas, Jul 28, 2017.

  1. TDVegas, Jul 28, 2017

    TDVegas

    TDVegas Member

    Joined:
    Jan 4, 2014
    Messages:
    13,010
    Likes Received:
    5,894
    #1
    HornHighBLEVE likes this.
  2. von duck, Jul 29, 2017

    von duck

    von duck Member

    Joined:
    Feb 10, 2017
    Messages:
    5,325
    Likes Received:
    1,563
    Gender:
    Male
    #2
    Last edited: Jul 30, 2017
    yacraps likes this.
  3. DeMango, Jul 29, 2017

    DeMango

    DeMango Member

    Joined:
    Dec 20, 2010
    Messages:
    4,580
    Likes Received:
    1,314
    Gender:
    Male
    Reading on.......Tesla new car 310 mile range for only $44K!
     
    #3
    yacraps likes this.
  4. von duck, Jul 29, 2017

    von duck

    von duck Member

    Joined:
    Feb 10, 2017
    Messages:
    5,325
    Likes Received:
    1,563
    Gender:
    Male
    I need to go 620 miles, so I'm gonna get two of them.:D :cool:.
     
    #4
  5. Eptich, Mar 6, 2018

    Eptich

    Eptich Member

    Joined:
    Mar 6, 2018
    Messages:
    2
    Likes Received:
    1
    Gender:
    Female
    Yeah, there are a great of quantity a professional players on Baccarat, mere I'd like to undestand the basics of poker.
     
    #5
    yacraps likes this.
  6. TDVegas, Mar 6, 2018

    TDVegas

    TDVegas Member

    Joined:
    Jan 4, 2014
    Messages:
    13,010
    Likes Received:
    5,894
    Not knowing much about baccarat other than it's banker vs. player...and both house edges hover around 1%...

    Is there any decision making by the player other than bet amount and which to choose (player or banker?)
     
    #6
    yacraps likes this.
  7. wonko33, Mar 6, 2018

    wonko33

    wonko33 Member

    Joined:
    Sep 2, 2015
    Messages:
    1,431
    Likes Received:
    795
    Gender:
    Male
    yes, he can choose when to leave ;)

    I think big baccarat one player flips the card or something but not mini and all the other ones
     
    #7
    TDVegas likes this.
  8. von duck, Mar 6, 2018

    von duck

    von duck Member

    Joined:
    Feb 10, 2017
    Messages:
    5,325
    Likes Received:
    1,563
    Gender:
    Male
    Yes, you can bet a tie. In fact, for you, I recommend the tie bet. :D To understand any more, you'll have to first , learn to count to nine. :cool:
     
    #8
    Last edited: Mar 6, 2018
  9. random_roller, Mar 6, 2018

    random_roller

    random_roller Member

    Joined:
    Apr 30, 2015
    Messages:
    3,349
    Likes Received:
    3,700
    There is a possible AP for EZ Baccarat with the bonus bets, but the advantage is de minimis.

    Baccarat is a notoriously streaky game. It is not unusual to see a Banker (or Player) run of 10+ consecutive wins in a shoe, which might seem odd for a game that is basically a coin flip between Banker and Player. Runs of 5 are "expected". I played baccarat at Horseshoe (Hammond, IN) on Sunday and there was a Player run of 11 consecutive wins early in the shoe (starting about the 6th hand; typically 65-75 hands per shoe). The previous shoe had closed out with 4 Banker wins, and those were preceded by 7 Player wins in 8 hands. I thought I had tracked pretty well (and up to that point I had) and bet very, very, very, uh, aggressively on Banker after 10 straight Player wins. Ooops. Could have been a nice new...toy. Earlier this year at Rivers Casino (Des Plaines, IL), the result board for the next baccarat table over was entirely Banker (@17 decisions) and the Pit Boss told us it was @24 Banker wins in a row.

    If one has the bankroll, patience, and a good sense of tracking & analyzing "patterns", baccarat is arguably the best game to play at a casino. Note I didn't say most exciting, because craps has baccarat easily beat in that department. Smart baccarat players are *not* betting every hand. Some players will only play @5 hands a shoe. It is very hard to quantify but just as there are those who seemingly tend to have longer rolls at the craps table more often than the average player, there are those who can pick hands in baccarat at a considerably better clip than 50-50 (disregarding ties, which are a push on the primary Banker/Player bet). Unlike roulette, IMO there is something to be gained by studying the baccarat result board. Doesn't always work, of course, but it's worth the effort from my perspective. I'll leave it at that. :D
     
    #9
    Last edited: Mar 6, 2018
  10. von duck, Mar 6, 2018

    von duck

    von duck Member

    Joined:
    Feb 10, 2017
    Messages:
    5,325
    Likes Received:
    1,563
    Gender:
    Male
    Exactly why would baccarat be any more streaky, than something else. "Smart" baccarat players are not betting any hands. Maybe "losing" 10 million, is good. P.R. And I can think of a way to do it , real cheap. :cool:
     
    #10
  11. rongarm10, Mar 6, 2018

    rongarm10

    rongarm10 Member

    Joined:
    Oct 14, 2013
    Messages:
    584
    Likes Received:
    302
    Not much n the decision making part of playing baccarat. Just sayin.
     
    #11
    yacraps likes this.
  12. von duck, Mar 6, 2018

    von duck

    von duck Member

    Joined:
    Feb 10, 2017
    Messages:
    5,325
    Likes Received:
    1,563
    Gender:
    Male
    I think many Asians, might beg to differ with you on that. They can really "get down" on those score cards. Don't play that game, but I like to take a detour through "China town" sometimes, just for the entertainment. :D
     
    #12
  13. random_roller, Mar 6, 2018

    random_roller

    random_roller Member

    Joined:
    Apr 30, 2015
    Messages:
    3,349
    Likes Received:
    3,700
    Traditionally at the big table (run by a crew of 3), the high bettor for each bet (Player, Banker) flips cards. However, Rivers Casino -- the only casino outside of Las Vegas where I have seen the big baccarat tables in use) changed up a few things in 2016. They got rid of their mini & midi baccarat tables (except in High Limit room) and replaced them with big tables. Now, players can only handle cards only at the $25 and higher baccarat tables.
    At mini baccarat tables (up to 7 players), the dealer flips cards for both Player and Banker.

    For midi baccarat (up to 9 players), it depends upon house rules. Traditionally it was a player flip table but nowadays I see more midi baccarat tables where the dealer flips all cards (to generate more hands per hour). Horseshoe (Hammond, IN) has both types of midi baccarat tables.
     
    #13
    yacraps likes this.
  14. random_roller, Mar 6, 2018

    random_roller

    random_roller Member

    Joined:
    Apr 30, 2015
    Messages:
    3,349
    Likes Received:
    3,700
    Based upon my years of playing baccarat, it just is that way. Sit at the table, make an occasional bet and watch a few shoes of play. Count the number of times there is a run of 3, 4, 5, or more for Player or Banker. The game is unique in certain aspects. Once the cards have been shuffled, cut, placed in the shoe, & the appropriate number of cards burned (based upon the 1st card draw), the outcomes for the hands are basically determined at that point (US game), awaiting pre-determined rules to deal the appropriate number of cards for each hand. In other words, there is no option for the high bettor to take an additional card or surrender a hand.
     
    #14
    yacraps likes this.
  15. von duck, Mar 7, 2018

    von duck

    von duck Member

    Joined:
    Feb 10, 2017
    Messages:
    5,325
    Likes Received:
    1,563
    Gender:
    Male
    What you say is true about the outcomes being predetermined, but I'll bet the runs in this game pretty much mimic craps or BJ. If they didn't, then the "5 count" type system would be more effective than usual, and I'm pretty sure it's not. The very limited options in this game, are one reason I don't play it, like betting on a coin flip....zzzzzzzzzz! :cool:
     
    #15
    Eptich likes this.
  16. random_roller, Mar 7, 2018

    random_roller

    random_roller Member

    Joined:
    Apr 30, 2015
    Messages:
    3,349
    Likes Received:
    3,700
    True, there are only a few bets (Banker, Player, Tie, bonus), but there is quite a bit more to the decision-making process than meets the eye for many baccarat players, especially the big bettors. Some of the charting and interpretation is quite interesting.
     
    #16
  17. Eptich, Mar 12, 2018

    Eptich

    Eptich Member

    Joined:
    Mar 6, 2018
    Messages:
    2
    Likes Received:
    1
    Gender:
    Female
    Yeah, it's interesting opinion.
     
    #17