It's quite likely that the highest bac action anyone could know of takes place at Macau premises, in Vegas you can't bet beyond $100.000 a hand and this happens on very rare circumstances.
In Monte Carlo it's quite unlikely (say impossible) that sums higher than 50.000 euros are allowed to bet per every hand dealt.

Of course if casinos permit to wager such huge sums it's because they have reasons to do that well going beyond casinos' math expectation (mostly as they know such players are whimsically betting ties or other huge taxed side bets).

Yet in some way Jion was right.
Probably best Vegas bac players are concentrated at Gold Coast or at Palms casinos, but not for wager amount issues.
The reason is because such premises are loaded with locals and those casinos are placed close to Vegas Chinatown.
I dare to say that some asian locals are not getting there at 1 pm on weekdays, then very rarely wagering $300 or $400 a hand without knowing to get a kind of edge.

Final quote is that baccarat is a stupid game for smart people.

as.

When I worked at Palazzo 100k was the standard max bet in the special room that's on the ~50th floor. I didn't deal it, but a supervisor told me that they had a group in from China one weekend and they had a 500k max bet. Supposedly they beat uncle Shelly out of 27 million.

Of course I believe you.
I do not take into account some reserved pits I'm not aware of.

I know Adelson is going to purchase WSOP rights, this man is the real Vegas mogul, but I wouldn't take such 500k bets, probably his customers were really idiot gamblers.

...who went lucky......

I'm new to this game ( used to play poker but couldnt make money in a long run ), and so far, i agree with this "hit n run“ theory. it's been working for the last 2 weeks. I would end up my session after a big swing even im up $4.5 dollars.

Winningggggggg

Baccarat is a great game

At least the hourly winrate is in the positive.

The hit and run strategy doesn't help to win itlr, maybe to lose less.
It seems to be worthwhile because every starting session will get more likely random walks wandering around zero point or getting slight positive deviations.
That is a higher probability to be ahead of something, especially when betting Banker side.

But there's no one single possibility when playing an EV- game that itlr a hit'n'run strategy will get the best of it in absence of a verified edge.

Every hit and run situation will sum up producing a sure deficit in the long run and such long run will be shortest than many could think of.

If we think to play with an edge, the more we play the more we'll win.

But similarly to black jack at some extent, at baccarat such possible edge is quite diluted and must be evaluated by many parameters.
For example and imo valuable parameters are the kind of shuffling, number of naturals or standing points, number of asym situations, card issues, patterns already formed and so on.
Those factors should affect the probability to get one or more given outcomes per every shoe dealt. Sometimes certain shoes aren't playable at all.
Tell me if you have ever encountered a bac player not playing a single shoe (I did).

Btw, baccarat was not conceived to get the Banker's best option after Player's decision.
Probably inventors of this game didn't want to make a too asymmetrical game shifted to Banker as in ancient times players could only wager on Player side.

For example, when Player is standing (meaning it has a 6 or 7) Banker showing 6 should draw instead of standing.
Half of the times B will tie (P=6) and half of the times B will lose (P=7) getting a -0.50 return instead of a better -0.423 return if Banker would draw a card.

Such differences seem to be minuscule but itlr everything adds up, especially when we're trying to catch the situations when Banker is really advantaged over the opposite side.

The idea of a "Hit and Run" strategy is based on the Magic Casino Door fallacy. Getting up when ahead and coming back later has no mathematical advantage over playing continuously. This should be obvious, yet lots of otherwise smart players cling to the belief they can just repeatedly quit when ahead. In a -EV game this only works if you never play again.

That is a very unpleasant article to read. Just spew.

Probably it's far better to let the house think we cannot have an edge than otherwise, thus I'd vote for baccarat.

I first posted on 5/25/2019, saying that I'm new to this game, so for the whole month of May, my play is like below.

first, hit-n-run is my basic strategy. i would
1) cautiously bet $30-$80 per hand, till I accumulate $200 win or so, and end up session.
2) if it keeps swinging up and down more than 3 times, I will end up session once I make even or so.

secondly, sometimes I lost self control, and don't know how to stop when losing, so I just keep chasing and chasing. I know I was doing wrong, but sometimes it is just so hard to simply stand up and leave.

So as a result, most of the times I can chase back my loss and still win some.

Sometimes I lost over $2000, and I just keep betting those bonus (dragon, panda, 3-card-9-over-8), So once I hit, I get all my money back and still have some win. I've hit so many times Dragon (40 to 1) and Panda (25 to 1), and also so many times 3-card-9-over-8, I even hit it by $25 twice. So by hitting these bonus, most of the time even I lose big at first, I still can end up wing.

And I would say the majority of my wining is from those bonus.

But last week, things changed, there was 3 shoes that don't have dragon at all, for 3 shoes, total one panda, that's it, couldn't even believe it! Of cause no 3-card-9:8 either. And I ended up losing big on those 3 session, I lost all my wining money, and down to $1000 starting money again, which was 4 days ago.

So since then, I had to change my play, not to bet bonus, but tried to bet only banker or player. I try to grind it out. If I win $100+ I just end up session. If I'm in a losing streak, I'll reduce my bet till I get most of my money back or just simply give up after a couple of swings.

It's a tough game, however I still like it, coz you always have a chance to win the next hand. And I will update after in a couple of weeks.

Lol man. Don't you realize that winning $100-200 and losing thousands is not a formula for success?

What you wrote happened and happens to almost every bac player in the universe.

I meekly suggest to think the game in term of units won or lost and not by the money won or lost.
Per every class of winning situations every player will get the exact same counterpart of losing situations and despite of what many could think, no luck or presentments or instinct or trend following approaches help to get more W than L.

You should consider the game as a lifetime session that can't be splitted into playing sessions that at best could last few hours.
And of course, as Bighurt pointed out, you do not want to risk thousands to win $100 or $200.
For that matter, it's way wiser to see a recreational player willing to risk thousands trying to win thousands.

And yes, it's a tough game, otherwise casinos wouldn't accept $20.000 or $50.000 (or higher) bets not knowing that sooner or later something is going to happen in their favor.
Players like the word "sooner", we and casinos like the word "later".

The rest is just entertainment.

To avoid the commission collection troubles and to get a faster game, several years ago R. and K. Lofink introduced no commission "Bahama baccarat".

In Bahama baccarat each side plays by the same rules, that is every 0-1-2-3-4-5 hand draws a third card, 6 and 7 stands and 8 and 9 are naturals.
That is creating a perfect symmetrical game as Banker can't decide to take a third card after Player's action.

Since there's no vig applied and both sides are symmetrical, house edge comes from transforming winning hands of value 2 into a push, thus putting the house edge as 1.05%.

In reality this variation is not pure baccarat as B(p) = P (p), but ties payed 8:1 are more likely as there are more 6-card hands happening than on natural baccarat.

More intriguing is to compare the distribution of winning hands between bahama and natural baccarat.

No wonder this game disappeared.

as.

Player would start standing on some fives then, no?

Exactly, a common situation happening at Chemin de Fer variation where players can choose to stand or draw with anything.
Of course the liveness of some cards left in the deck can orientate the decision.

Another baccarat third card rule not really advantaging Banker is when Banker shows a 4 and Player's third card is an ace. In this situation rules dictate Banker to stand, but the mathematical best option of the Banker should be to draw a third card.

Saw some incredible bacc action the other day at the Emerald Queen!!!

Surprised there aren't anymore world baccarat championship tournaments anymore. Last one was in 2015 or 2017???

The state of Washingotn has yet to shut down their tribal and non-tribal casinos. The state of Oregon shut down several of their casinos.

Only a matter of time before Washington follows suit.

Then what happens to the poker players who make money off of poker???

What's that private room like? Its always interesting to hear about the "private rooms".

Well, like I said, I didn't deal it, and thus never saw it.


Edit: After re-reading my post, I realize it only states I didn't deal the 500k game.

From the Venues & Communities - Seattle thread:

Yeah, how are the small, non-tribal casinos, with table games like baccarat and such survive with COVID-19.

On another note, the Chips/Palace casino washes their chips/cheques at the tables now with hot water and disinfected soap. this is probably the first time ever that these chips have been washed!!!

China, South Korea and Europe experience teach us the only way to limit the Coronavirus infection is to force people to stay at home.