Baccarat From Betfair
Published: Friday, June 09, 2006 Online-Casinos.com
BACCARAT FROM BETFAIR
Betfair has created a version of Baccarat that gives gamblers fairer odds.
The Betfair group continued their new products initiative this week with the launch of Exchange Baccarat - Betfair's take on the classic card game. In the Betfair pioneering model, Exchange Baccarat allows customers to set their own odds and back and lay as the game unfolds.
007 James Bond's favourite pastime (well, second favourite) is one of the best value games on the internet, and as with Betfair's other Exchange Games, customers bet against each other. The game is the latest product from Betfair's sub-brand, Betfair Games.
Previously launched under Maltese licensing by Betfair and proving popular are Exchange Poker and Exchange Blackjack which have attracted over 35 000 customers since their inception last year.
Exchange Games were the brainchild of Betfair's co-founder Andrew 'Bert' Black and internally, the latest game has been renamed "Bert's Baccarat" in his honour. The new game is expected to be especially popular in the Asian market where baccarat is the game that every wannabe high-roller is playing. Betfair hopes to tap in to the online market, relying on the inherent fairness of its system and the better value it offers over the traditional game.
The Betfair Games division is currently extending operations to support a full portfolio of games products, and a company spokesman says there will be an aggressive rollout over the next 6-12 months of new games. Exchange Games players can post the odds they would like to bet. These odds can then be matched by another player. When there is significant liquidity in the market, i.e. a large number of backers and layers, the odds offered in the marketplace will tend towards the real odds of winning.
Betfair's Director of Games Steve Ives said: "Exchange games are a fantastic innovation. Never before has such a level playing field been created for online card gaming. Exchange Baccarat is a better value offer than the traditional game because customers can choose the odds they want to bet at."
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