into the existence of the tie bet revealed that
it had originally been offered at 9 to 1, but over
the years it was gradually replaced by the less
favorable payoff. I have no idea why this is the
case. Possibly greed? A casino in Maryland offered
the tie at 9 to 1 as part of a weekend promotion
last year, though I believe this has been discontinued.
There are probably casinos that offer this elsewhere.
I have also been told that lower bank commissions
and higher tie payoffs are often granted to high
rollers on request.
Why is the tie bet such a bad wager compared to
the bank and player bets? For two reasons. First,
the gambling industry has long realized that people
overvalue long-shot wagers, while simultaneously
undervaluing short-odds wagers. By and large, gamblers
prefer to risk a small amount of money in the hope
of an occasional big payoff than risk a large amount
in the virtual certainty of a small payoff Because
of this, you will usually find that long-odds wagers
have a very high house take, because the public
will tolerate awful odds in the hope of making a
big score. This isn't just in Online Baccarat Games,
by the way. In roulette, the even-chance wagers
are more favorable than the single numbers; at craps,
the don't pass and don't came bets are vastly more
favorable than the field bets; at the races or the
dog track, you will find you will lose much less
betting on hot favorites than on outsiders.