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Comment Player can play as "House" in baccarat (Score 1) 404

You're missing something here blackjack commenters. Baccarat's decision is to bet on "Player" or "House" to win the hand... so you can steal the house's advantage and turn this into a player advantage game. Play as "House" too much and you're offered an investment into the casino and the game is over. This is really a reason to invite a rich guy into the office space and take his money as either a loser or an investor.

Other player advantage games such as "Beat the Deck" are played to reward people who have done something to make the casino better. This one is limited by the amount in the dealer's tray, and designed to create large (five-figure and taxable) rewards that are uneven based on luck. It's a way of making friends uneven.

Comment Re:Beating who (Score 1) 404

No, Baccarat is a game where the player selects to bet on "Player" or "House" where "House" has a slight advantage... a player who bets on "House" too often is likely to be given an offer to invest in the casino.

It's a money-losing party for the casino, but a chance to meet people associated with a potential investor. Ivey cheated with his selection of the cards, giving him more of a win ratio than the house would have paid in a fair game.

Comment Re:Peter Thiel didn't bankrupt Gawker (Score 1) 242

Gawker kept winning over the Hogan Family (as seen in VH1 series Hogan Knows Best and Brooke Knows Best) by outspending them, when the Hogans had solid facts behind them. So, some investors reviewed the case without money involved, then bought the Hogan claim and won big for everybody but Gawker.

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