Horseshoe, in Las Vegas, was among a number of casinos
which have recently been offering a 4 percent commission.
Authors such as Victor H. Royer have stated (without
reference to any specific casino) that 3 percent commissions
are sometimes offered. Frankly, I doubt it. The banker
bet would have an average advantage of only 0.16 percent.
This is so small as to be hardly worth the casino's
while in offering the bet. Nevertheless, the Sahara
Sands in Las Vegas went even further than this in
1996 and did away with the commission altogether!
Unfortunately, this was only during a very brief promotion.
For the lucky players who chanced on it, however,
they had 1.23 percent advantage every time they bet
on the bank.
A few years back, there were several casinos in Hong
Kong, Macao, and Sri Lanka, before the most recent
violence there, which offered "happy hours,"
with no bank commission, on a regular basis. If you
should ever find a casino offering reduced or no commission,
the table below will help you find out its value.
Generally, anything less than 4 percent becomes very
appealing from the player's point of view, but it
is only likely to exist as a short-term promotion.
Why do casinos offer promotions? Largely as a loss
leader, to attract new customers and reward regular
players. In truth, the casino doesn't lose much when
it does offer a promotion, because most players, rather
than sticking all their money on the bank as the math
would dictate, follow trending systems which dilute
their advantage with unfavorable bets on the player