Baccarat tournaments are usually of the buy-in type, in which players pay an entry fee and compete for the pooled or pre-designated prize money. The entry fee for baccarat tournaments is generally higher than that for other card game tournaments. There are a number of rounds in the tournament depending on the number of entries, with the winner or winners at each table going on to the next round. Baccarat tournaments are also played online.
Two opposing strategies have been proposed by experts. One advocates conserving chips and then going for high bets in the end. At that time a clearer idea of the situation of the competition is available so that planning becomes easier. Also once a lead is taken towards the end of the game it is easier to hold on to. The other strategy advocates taking a lead early by betting high and then to bet at minimum stakes unless someone else takes the lead.
Popular Baccarat Tournaments
There are baccarat tournaments that have become popular for their prize money or glamour. Some of them are listed below.
- Macao Baccarat tournament: This tournament takes place in March in Macao, formerly a Portuguese territory and now a part of China. Aristocrats and wannabe aristocrats from the Pacific countries come to participate. This is the biggest gambling event in this part of the world with a prize of $650,000.
- Tornoi de Chemin de fer: This tournament, the largest in the world is held in February in Monte Carlo. It is known as much for its glamour with high rollers arriving on their yachts. The grand prize is a million euros.
- Bally’s Casino New Orleans Mini Baccarat Tournament: This is a monthly tournament played in the southern city of the United States. The prize is a hundred thousand dollars but the best part is that the entry is free.