The evolution of the game of baccarat

@article{Ethier2013TheEO,
  title={The evolution of the game of baccarat},
  author={S. Ethier and J. Lee},
  journal={arXiv: Optimization and Control},
  year={2013}
}
  • S. Ethier, J. Lee
  • Published 2013
  • Economics, Mathematics, Computer Science
  • arXiv: Optimization and Control
  • The game of baccarat has evolved from a parlor game played by French aristocrats in the first half of the 19th century to a casino game that generated over US\$41 billion in revenue for the casinos of Macau in 2013. The parlor game was originally a three-person zero-sum game. Later in the 19th century it was simplified to a two-person zero-sum game. Early in the 20th century the parlor game became a casino game, no longer zero-sum. In the mid 20th century, the strategic casino game became a… CONTINUE READING

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