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Best of John May

Gaming Guru

 

A Trick for Making Money from Live-Action Baccarat Tournaments

19 July 2003

Baccarat tournaments can offer a significant source of profit to an advantage player. Unlike most forms of gambling, it is fairly easy for a reasonably intelligent player to get an advantage in a tournament.

The problem is variance. However skilled you are, you need to be damn lucky to win a tourney. Your edge may not manifest itself in any reasonable period of time, even if you play with a partner or as a team.

Because of this, baccarat is ideal. The reason is that you can lower variance in baccarat tournaments by betting on both banker and player in certain situations and guarantee a profit.

Say you are in the final round of a baccarat tourney where the big prize is $10,000. You and a partner have been conserving bankrolls (this is the best strategy for the early phase of a tournament) and have $1000 in real-money chips. There is one lucky tie bettor who is up to $1900. All the other players are nowhere.

The tie bettor has made his last bet. If you bet $1000 on banker and your partner bets $1000 on player, then one of you is almost guaranteed to win that $10,000 prize, and your wagers will cancel out. (Actually you'd need to consider the possibility of a tie also to be absolutely certain of a win, but let's not complicate things further).

While this scenario is hypothetical, the basic principle holds for most live-action tournaments. Tourneys almost always end up with the player or playerss who conserve their bankrolls being able to overtake the leader with one gigantic bet. This "certain profit" scenario occurs quite frequently. Your advantage is huge with a partner because the other players have to risk their own money whilst you can often cancel out each other's risk.

John May
John May is one of the most feared gamblers in the world. He has developed "advantage play" techniques for many games that are considered unbeatable.

Books by John May:

> More Books By John May

John May
John May is one of the most feared gamblers in the world. He has developed "advantage play" techniques for many games that are considered unbeatable.

Books by John May:

> More Books By John May