Gamblers Spend More Money on Non-gaming Activities as Well: Research

Six Causes Why You Lose in Bitcoin Baccarat Game

Introduction

Bitcoin baccarat is a popular card game that is available in both online and brick-and-mortar casinos. Seeing the rising popularity of Bitcoin and other major cryptocurrencies such as Ethereum, Bitcoin Cash, Litecoin, Dogecoin and others, more and more casinos are adopting them as a payment method to attract more players into the platform since Bitcoin casino games like baccarat offers additional benefits over fiat payment options. Bitcoin baccarat, if played with the right strategies, can help the players grow their bankrolls, raise their winning odds and take their gaming experience to a whole new level.

About Bitcoin Baccarat

Players in Bitcoin baccarat need to aim at scores of nine or above compared to the dealer in order to win more Bitcoins. Best Bitcoin baccarat sites usually involves playing the game using Bitcoins that comes with a multitude of advantages including anonymity, privacy, easy gameplay, instant transactions, global availability and generous bonuses and promotions offered to all kinds of players including beginners and high rollers.

History of Baccarat Game

Coming to the colourful and fascinating history of the baccarat game, it dates back to the 1400s when it was first invented by Felix Falguierein, an Italian gambler. The word ‘baccarat’ is derived from ‘baccara’, an Italian word that means zero; indicating that all the tens and face cards have zero value. The game became popular as mediaeval tarot cards and it was soon replaced by the baccarat playing cards. It made its way into France where it was known as Chemin de Fer. Around the 18th and 19th centuries, the game slowly spread across various European countries and reached a popular gambler Tommy Renzoni, who introduced the game in various regions like Cuba and Las Vegas. Currently, baccarat is legal in various online and brick-and-mortar casinos where gambling is legal.

Six Causes Why You Lose in Bitcoin Baccarat Game

You Bet on a Tie

Every baccarat variant has three options to bet on – the player, the banker and the tie. The tie is the simplest option to bet on. The tie bet option in any baccarat table generally pays 9 is to 1 which does not look bad. However, players who play baccarat regularly will know that the ties do not happen quite often and a return of 9 is to 1 looks quite decent. The problem lies in the higher house edge which is about 10% on a tie bet.

You Bet on Yourself

Experienced baccarat players would know that a tie bet is actually a bad deal, given the higher house edge. This leaves them with two other options – the banker and the player bets – that give higher returns compared to a tie bet. These two options give better returns than other casino games excluding video poker and blackjack. Most players playing baccarat prefer making only one best option and that is on the bankers. Note that the player bet is a slightly worse option than the banker bet but to make things interesting, the players can make a player bet from time to time.

You’re Betting Too Much for Each Hand

Players can play Bitcoin baccarat using simple mathematical logic and check how much their bets are actually related to their losses. Most Bitcoin casinos that offer baccarat games offer a lower house edge of 1% or slightly more which is an easy number to bet on as well as quite close to the house edge offered on the banker bet. 

If the player bets $40 on any hand, he loses an average of $0.40. On the other hand, if he bets $200 on any hand, he loses an average of $2.

You’re Playing Too Fast Online

Playing baccarat in a brick-and-mortar casino offers a faster game than other table games. However, there is still a limitation on how many hands a player can play under 60 minutes. This limit is usually 100 or less. 

But when a player chooses to play Bitcoin baccarat at any online casino, he can play more hands every hour and hence, it is possible for him to play more than 600 hands every hour. Many players choose to play baccarat with Bitcoin so that they can place smaller bets on each hand. 

For instance, if a player plays 100 hands in 60 minutes in a brick-and-mortar casino and bets $10 on every hand, his total risk in that 60 minutes is $1000. However, if the player bets $2 for every hand playing Bitcoin baccarat, he can play 600 hands in under 60 minutes with a total risk of $1200. 

Assuming that the average house edge offered by Bitcoin baccarat is 1%, the player loses $10 in one hour, in the case of a brick-and-mortar casino, while $12 in the case of a Bitcoin casino.

You Don’t Use Baccarat Bonuses

One of the biggest reasons why players love playing Bitcoin baccarat is the baccarat bonuses that they get. Smaller bet limits offer the players the ability to play slowly and enjoy generous bonuses offered by the casino. It is important to note that the players cannot use every bonus to play Bitcoin baccarat but some bonuses are offered which are available for certain baccarat games. The only way a player can know if they can use a baccarat bonus to play the game is by going through the rules and regulations of the baccarat platform. Each bonus has a list of rules that needs to be fulfilled in order to use the bonus.

You’re Not Getting Baccarat Rewards

Most gamblers simply play baccarat games and do not wish to go beyond the game that can potentially help them in controlling their losses. In the previous section, we have already discussed how Bitcoin baccarat bonuses can help increase bankrolls as well as help limit losses by finding the right bonuses. 

Another thing that a baccarat gambler can do to control his losses is to look for baccarat rewards. In every Bitcoin casino where the baccarat is available, generous rewards are also offered especially, in live casinos. 

Is It Safe to Play Bitcoin Baccarat?

Playing baccarat is safe and secure when played with Bitcoin and other major cryptocurrencies as the transactions are based on blockchain networks and there is no way one can reverse or reject the transactions. However, it is still recommended that players choose a reputable Bitcoin casino that offers a safe gambling environment. This automatically means that the casinos should be licensed and regulated by the leading regulatory authorities. 

Conclusion

To sum up, the Bitcoin baccarat game is quite a simple casino game but most gamblers have a misconception that baccarat games cost them a lot of money. It is important to know that the tie bet, among the three betting options, is always a bad choice and costs the players a lot of money every time they bet on it. When a player bets on a player hand, it does not cost as much as a tie bet but a banker bet is always the best option for any variant of the Bitcoin baccarat game.

When a player bets more than a table minimum, he is putting more money at risk, leading to significantly larger losses. This same thing applies when the player plays too many hands. All in all, it is better to look for generous baccarat bonus offers and rewards that help the players play longer and offset a part of their losses.

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