SP = SPlit Casino games generally provide a predictable long-term advantage to the casino, or "house", while offering the player the possibility of a large short-term payout. Casino games often include an illusion of control, in which the player must make choices. However, in most cases it is not mathematically possible for a player to eliminate his or her inherent long-term disadvantage (the house advantage) in a casino game. For example, the official house advantage for a casino game might be 1%, and thus the expected value of return for the gambler is 99%. However, this math would only be true if the gambler never used the results of a winning bet again. Thus after gambling 100 dollars the idealized average gambler would be left with 99 dollars, but, if he continued to bet using his 99 dollars in winnings, he would again lose 1% on average and his expected value would go down to 98.01 dollars. This downward spiral continues until the gambler's expected value approaches zero: gambler's ruin. The croupier will deal the cards according to the tableau and the croupier will announce the winning hand - either 'Player' or 'Banker'. Losing bets will be collected and the winning bets will be paid according to the rules of the house. Usually even money or 1-1 will be paid to the player and 95% to the 'Banker', 5% commission to the house. (Commission Baccarat) Some casinos pay even money or 1-1 to both 'Player' and 'Banker' except when the 'Banker' wins with a total of 6. Then the 'Banker' will be paid 50% or half the original bet. Should both the 'Banker's' hand and the 'Player's' hand have the same value at the end of the deal the croupier shall announce "Egalite - tie bets win." All tie bets will be paid at the odds of 8-1 and the croupier shall not touch the bets on either 'Player' or 'Banker'. Playing the game was great fun especially as the whole time I was wagering with the casino's money. Coin flipping Cards Random numbers The first casino I played gave me the option to deposit in ?'s (this is an exception rather than the rule). With the dollar to pound exchange rate it meant I received a bigger matched bonus and wouldn't have to pay any conversion charges when depositing any winnings. It might be pointed out that where economic activity is concentrated in transfers of wealth rather than its creation, gambler's ruin results in most of the wealth being held by a very small number of participants. We see this in the stock market when speculative activity is the norm rather than long-term dividend producing investment I've now played in 11 of the casinos and have made a profit in each one. Shown below are the actual profits I've received. When money is received in $'s I've converted the profit figure to ?'s. Baccarat Chemin de Fer Video poker Basic strategy tables
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