“Smart” tables, enhanced gaming experience key for Macau-play insurance bets

According to some industry observers, a few key elements need to be in place for the Macau casino industry to develop a baccarat “insurance bet,” which is a player-attractive product that also raises the house advantage. These include of providing “smart” gaming tables, guaranteeing dealer expertise, and controlling game pace.

Experts stress that dealer education is essential for managing the intricate rules and payouts of “baccarat insurance,” as it is essential for the option to gain traction with players.

Citigroup’s January review of Macau premium-table wagers states that the “Supreme” high-limit rooms at MGM Macau and MGM Cotai now allow baccarat insurance bets.

Although this option may be found in other locations, such Resorts World Sentosa in Singapore and other integrated resorts in Manila, its complexity may cause games to lag.

Considering the enormous stakes involved, Macao Polytechnic University specialist on the gaming business Ryan Ho Hong Wai notes that premium players may hedge their chances using the insurance bet option.

Although baccarat insurance betting is not new in Macau, former Macau junket boss Luiz Lam Kai Kuong points out that it may slow down activity and become a niche product in the city’s gaming establishments.

The baccarat insurance bet option is more appropriate for VIP betting or the highest end of the general market due to its tendency to postpone play.

Even while the house advantage—which might be more than 14 percent—may be alluring, some players can come to the conclusion that it is not the greatest choice in the long run.

Casinos decide whether or not to provide baccarat with insurance depending on factors including dealer skill and the presence of smart tables, which use RFID technology to accurately track chip stocks and table payments.

In conclusion, even if the baccarat insurance bet option has opportunities to raise the house advantage and draw in players, its successful implementation in the Macau market requires careful evaluation of a number of factors to ensure seamless gameplay and player satisfaction.

Original story by: GGRAsia