Baccarat outperforms Blackjack in Las Vegas but not in Atlantic City 29.01.2012

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The action at Las Vegas blackjack tables seems to be slowing down with less high rollers spending money at the blackjack tables. By contrast the action at baccarat tables in Las Vegas is on the rise and has already surpassed blackjack in terms of casino revenues.

Responsible for the extra-spending on baccarat are mainly Asian gamblers who flock to Las Vegas and play baccarat at private VIP tables with very high table minimums. Just a week or so ago, in the run-up to the Chinese New Year, several high rollers paid a visit to the MGM Grand in Las Vegas and sat at a private baccarat table, with each betting $100,000 to $200,000 on every baccarat hand they played.

The MGM Grand admits that baccarat now accounts for nearly 60% of all table game revenues but that this figure has a lot to do with the draw that Las Vegas has on rich Asians. Without these gamblers there would be not excessive bets made on baccarat and blackjack would still be the highest grossing table game in Las Vegas.

In Atlantic City the situation is different since the city is not known for drawing many rich Asian gamblers. This means that it offers far less baccarat tables and the ones that are on offer have reasonable table limits and are accessible by all. This also means that blackjack is still the highest grossing table game in Atlantic City.

Some industry insiders speculate that the Asian high rollers are not the only reason that Las Vegas casinos are offering more baccarat games. Some suspect that the casinos are interested in helping baccarat grow in popularity since it is a tougher game to beat than blackjack.

The game of blackjack is open for card counters and team players to take advantage of the structure of the game to gain an advantage over the casino. While it is possible to count cards in baccarat, the effect it has on the player’s advantage is not as great as the advantage the player will gain over the house when card counting in blackjack.

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