Day: January 6, 2020

House Edge of casino games compared

House Edge of casino games compared

January 6, 2020

House Edge of casino games compared   House edge is the ratio of average loss against the initial wager.  Check out the below comparison on house edge of different casino games:   Baccarat   Bet/Rules House Edge Standard Deviation Banker 1.06% 0.99 Player 1.24% 0.95 Tie 14.36% 2.64   Big Six    Bet/Rules House Edge […]

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How Casino Billionaire Steve Wynn Lost $10 Million on Baccarat

How Casino Billionaire Steve Wynn Lost $10 Million on Baccarat

January 6, 2020

How Casino Billionaire Steve Wynn Lost $10 Million on Baccarat   Everybody knows that in a casino the house always wins. But there is an exception to this rule and it has been set by Wynn Resorts.   Casino tycoon, Steve Wynn announced that a junket operator in his Macau casinos brought in clients whose […]

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