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It’s a known fact today that gambling has become a massive business globally. It has become so popular that most states in almost every country have high-end casinos to keep people entertained as well as engaged. Whether gamblers are looking to make quick cash, or they are willing to experience the thrill, these casinos provide them all the resources to fulfill their wishes.
In recent years, the entertainment industry has also evolved drastically. And thanks to the recent COVID Pandemic, the industry has witnessed nothing but new heights and popularity. The good part? Now people can get access to casinos anytime, from anywhere. They can gamble on the go. No need to travel thousands of miles, to another state, to another city to experience the excitement of winning. All can be done from the comfort from home. How? With the help of online casinos.
There are several online platforms that cater to the diverse needs of gamblers. From games to customer experience, they have something for everyone. And there are several platforms that are emerging at a rapid pace. Why? Because of the massive scope of the online casino industry. Gamblers have embraced the online casinos, as they give them plenty of options, plenty of opportunities, with plenty of flexibility. And hence, there are several online casino businesses that are generating revenue in billions of dollars every year. No wonder, this industry has tempted several entrepreneurs and business owners.
So where does Baccarat fit in? Well, we can say Baccarat is one of the most crucial pieces of the whole picture. Online casinos provide access to several games to their customers. These games ensure entertainment, excitement as well as engagement. Baccarat is the second most popular casino game that has a rich history and connection with gamblers.
This is why we see several online casinos with Baccarat as their main offerings. This is why we see several dedicated online baccarat platforms. And this is why we have written this article. To help you start your own online baccarat business.
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What Makes Baccarat So Popular?
There was a time when Baccarat was the game for royals. The game for the aristocrats. And there was also a high gambling limit. Only those willing to gamble big fat sums of money were allowed at the baccarat tables. But the times have changed. Today, Baccarat is played by everyone. From rich to poor, from ambitious gamblers to beginners. Baccarat has a place in everyone’s favorite game list.
The rise of online casinos has made the game more accessible to the masses. Now everyone can enjoy the game without borders and restrictions, which has made it even a bigger hit.
There are more reasons that have contributed to the popularity of this appealing card game. Some of the factors are as follows:
Low House Edge
The Baccarat game offers a lower house edge. This gives freedom to players to prevent ties as well as sucker bets. Another great advantage players have is that the game doesn't require any special technical skills, which makes it easy for new players to understand.
Easy to Play & Fast-paced
Another reason for players to love Baccarat. Baccarat is easy. No catch and no complicated rules. It’s straightforward, and that’s what players love about it. Hence it has become a go-to choice for casual gamblers. In addition to this, fast-paced translates to excitement and thrill, which makes players love it even more.
Affordability
Baccarat doesn’t demand big bucks, but delivers thrill for less. For people not willing to spend a lot on gambling, Baccarat is the perfect game. Online Baccarat allows bets ranging from $5 to $25, which gives an abundance of freedom to gamblers.
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Factors Accelerating Growth of Online Baccarat Businesses
The online casino business has witnessed massive growth in recent years. The industry is booming and businesses are thriving. There are some factors that are accelerating the growth of this lucrative industry even more! Below is a list of all the factors that are responsible for the unstoppable expansion of online baccarat platforms.
Faster Internet and Global Connectedness
Internet speed has also witnessed new heights. Today, people have access to the 5G network, which is another reason for the high-speed growth. Faster networks provide seamless access to Baccarat games with better user experience, which enables them to have an outstanding experience on the online Baccarat platform.
Role of Cryptocurrency and Blockchain
We all have heard about Blockchain and cryptocurrency. But what makes it so special in the online casino industry? Well, turns out several online Baccarat software solutions harness the power of these to make their payment modes safer than ever. Even gamblers prefer Blockchain and cryptocurrencies to maintain anonymity while gambling. When Baccarat game apps guarantee safety and security, more and more people become willing to try their hands and luck.
Role of Smarter Devices
There was a time when people had to travel thousands of miles to get the lavish experience of Baccarat. Then came online casinos that provided them similar experiences on larger devices. But today, thanks to technological marvels, several baccarat game app have become available to end-users at their fingertips. The more accessible the Baccarat platforms are to the users, the more they are willing to give a chance to online casinos. With the help of smartphones, gamblers can place their bets from anywhere, anytime.
Countries Where Baccarat Has Received Most Love
We have already established that Baccarat is popular. And there are several factors that are contributing to the game’s popularity. But, in which countries Baccarat has received the most love? Below is the complete list:
The USA
The UK
Canada
Ireland
Australia
Sweden
South Africa
Brazil
Italy
The Netherlands
Spain
Germany
Apart from these, there are several other countries where Baccarat is played widely.
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Step by Step Guide To Starting Your Online Baccarat Business
So, do you want to start your own online baccarat business that generates profits? Wondering how to open an online baccarat platform that appeals to the masses? How to start an online baccarat game solution that attracts thousands of users? These are the questions every aspiring entrepreneur or online casino owner thinks about. After all, there are several steps, various factors that need to be considered and also, possible pitfalls.
Hence, to simplify the complete process for you, we have created this guide to help you overcome all possible challenges.
Budget Creation
Several entrepreneurs make the mistake of creating their budget after they launch their online Baccarat business. This later on leads to mismanagement of funds, and businesses fail to invest effectively in the areas that matter the most. Hence, financial planning is one of the most important aspects of starting any business. Planning your budget beforehand will give you more clarity, choices as well as more control over several aspects. For effective planning, you’ll need to create a pre-launch budget, which will include licenses, company setup, software provider fee, software setup, staff salary, pre-launch marketing, and much more. Then comes the post-launch budget, which will include operating expenses, platform maintenance cost, post-marketing expenses, staff salary, game providers cost, etc.
License
The second step is the cornerstone of your online Baccarat platform solution. Acquiring the gambling license of the jurisdictions you desire to operate in. Some of the most popular jurisdictions include Malta, United Kingdom, Alderney, Isle of Man, Gibraltar, and Curaçao. If you do not want to obtain a license by yourself, you can opt for a white label solution. GammaStack also provides you complete assistance in acquiring a license to ensure you can operate in the areas of your choice.
Registration and Bank Accounts
The third step involves registering your online Baccarat website and opening your company bank accounts. This ensures you take care of legalities as well as get your financial infrastructure in place.
Choosing your Baccarat Platform Model
Once you’ve got your license, your registration as well as your bank accounts in place, the third step is that of choosing the model. If Baccarat is going to be one of your offerings, you can choose to go for the GGR model. If you are planning to launch your own dedicated Baccarat software solution, you will also require the source code for complete control, for which custom Baccarat software solution would be ideal.
Choosing a Trusted Baccarat Software Provider
This is the step where you need to choose your Baccarat software provider. Though a simple google search will give you plenty of options to choose from, there are a few things you must consider before you make the final decision. An ideal Baccarat software provider must provide on-demand customizations, 24/7 support, maintenance services, marketing guidance, software updates as well as on-time delivery. In addition to this, the Baccarat software must have the following features:
1. Multilingual solution
2. Card Shufflers
3. Anti-fraud Systems
4. Legal and Jurisdictional Compliances
5. Scoreboards
6. Multiple Payment Modes
7. Bonus Chips
8. Statistics Page
9. Multiplayer Modes
10. Finance Management Tools
11. Agent Management Tools
12. Player Accounts Management
13. Achievement Unlocks
14. 14. Fiat and Cryptocurrency Support, etc
Website Creation
This is the process where your website creation process gets initiated. Ensure your platform is customizable and stays aligned with your branding guidelines. Animations are equally important. But make sure the animations don’t affect the loading time and speed of your website. In addition to this, once the process gets concluded, ensure the created platform gets tested thoroughly by the team of QA professionals and make sure there are no bugs and glitches for a seamless gaming experience for customers.
Marketing Guidance
An ideal Baccarat software provider provides complete marketing guidance. Before the launch as well as after you start your own online baccarat business. Before launch, it becomes crucial to recognize your target audience and start spreading the word about your Baccarat software solution. After the launch, it becomes important to focus on loyalty programs, bonuses, rewards, refer and earn programs, etc. Social media modules and referral bonuses help you expand your customer base with the help of your existing customers.
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Must-have Baccarat Game Variations
Now that we have a clear understanding on how to start an online baccarat business, below is the list of most popular Baccarat game variations that just cannot be excluded from your offerings.
Mini Baccarat
As the name suggests, the mini version is the smaller version of the game and differs from the traditional version of Baccarat in several ways. For instance, it involves seven players instead of eight. In addition to this, it requires only one croupier that acts as a banker as well as a dealer. Why does this appeal to several gamblers? The bet rates are low, which invites a lot of casual gamblers. Mini Baccarat is most popular in the USA.
Chemin de Fer
This version of Baccarat comes with a few variations. These variations include the use of six card desks over seven, the role of the croupier is limited to shuffling cards only, the cards are dealt (face down) by the banker, who is also a player and every player gets to become a banker.
Punto Bunco
Punto Bunco is a Cuban version of Baccarat which can be played by 14 players! The banker is also known as the Bunco, and the players are also known as Punto. The game employs the use of six to eight decks of cards and the croupier is responsible for the shuffling and dealing.
Baccarat Banque
Baccarat Banque is the European version of the game that enables players to bet big. The game is played with lesser card decks and only one player is allowed to play the dealer’s role.
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Planning to Start Your Own Online Baccarat Business?
If you are someone who is looking for a reliable as well as a renowned Baccarat software provider, GammaStack can help. Whether you are looking for a dedicated Baccarat software solution, or Baccarat is one of your offerings or you are looking for a complete white-label online casino solution, we’ve got you covered for all your needs.
At GammaStack, we provide Baccarat software solutions that come with all the modernistic as well as requisite features and tools. These latest tools and features help you entice and engage your target audience, enable you to acquire new users, stand out of the clutter and exceed expectations. Started rendering an outstanding, one of a kind as well as exceptional Baccarat experience to your users and start accelerating your success today!
FAQs
Yes, after Slots, Baccarat is the second most played game, which makes it a must have for online casino operators.
There are several casino games out there. But, there are some games that bring the most traffic to operators. These include slots, hi-low, Bingo, poker, crash, Dice etc.
Cryptocurrencies and fiat, both are supported seamlessly on our online casino software.
Yes, we provide custom game development services that allow you to get your casino platform designed and developed based on your ideas, requirements and vision.
Custom casino development is built from scratch and is based on clients requirements. On the other hand, white label casinos are ready made solutions that can be launched within weeks with complete customizations.
Sources
- https://www.entrepreneurshipinabox.com/18364/is-investing-in-online-gambling-worth-it/
- https://www.bestuscasinos.org/blog/why-baccarat-has-become-so-popular/
- https://smestreet.in/sports/baccarat-why-it-is-that-popular-in-southeast-asia/
- http://www.whichbaccarat.com/Variations-of-Baccarat/
- https://www.worldcasinodirectory.com/countries
- https://www.topcasinosolutions.com/how-to-start-online-casino-business/
- https://techstory.in/the-unstoppable-growth-of-online-casino/
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