Methods and systems for playing baccarat jackpot with an option for insurance betting

1. A method of playing a live baccarat game which allows a player to place an insurance bet, the method comprising:

dealing first two cards to a player's hand and first two cards to a banker's hand according to a set of conventional baccarat rules,

allowing at least a first player to place a bet on live baccarat on either the banker's hand to win or the player's hand to win,

determining (1) that an insurance bet for the banker's hand is available for the player to place the insurance bet if a sum of the first two cards of the banker's hand is larger than a sum of the first two cards of the player's hand; and/or (2) that an insurance bet for the player's hand is available for the player to place the insurance bet if a sum of the first two cards of the player's hand is larger than a sum of the first two cards of the banker's hand,

allowing the first player to place (1) the insurance bet for the banker's hand if the first player has betted on the banker's hand to win on live baccarat; or (2) the insurance bet for the player's hand if the first player has betted on the player's hand to win on live baccarat,

determining (1) an outcome of the insurance bet for the banker's hand according to a payout ratio for the insurance bet for the banker's hand if the player's hand wins on live baccarat after a third card is dealt on the banker's hand and/or the player's hand; and/or (2) an outcome of the insurance bet for the player's hand according to a payout ratio for the insurance bet for the player's hand if the banker's hand wins on live baccarat after a third card is dealt on the banker's hand, and

determining an outcome of the live baccarat game according to the set of conventional baccarat rules,

wherein each of the bets is placed at a betting terminal of a baccarat machine,

wherein the payout ratio for the insurance bet for the banker's hand is determined according to the table below:

Payout ratio if the Player

wins after a third

Sum of first 2 cards

Sum of first 2 cards

card is/are dealt on

of Banker's hand

of Player's hand

either/both hand(s)

4

0 to 3

1.5×   

5

0 to 4

2×

5

5

1×

6

0 to 5

3×

7

0 to 5

4.5×, 

and

wherein the payout ratio for the insurance bet for the player's hand is determined according to the table below:

Payout ratio if the

Banker wins after a

Sum of first 2 cards

Sum of first 2 cards

third card is dealt

of Player's hand

of Banker's hand

on the Banker's hand

6

0 to 5

3×

7

0 to 5

4.5×.

2. The method of claim 1 , further comprising:

allowing at least a second player to place a bet on a jackpot where the second player can be same as or different from the first player, and

determining an outcome of the jackpot according to a combination of cards that comprises at least one zero-point card.

3. The method of claim 2 ,

wherein the bet on live baccarat is selected from the group consisting of a bet on a player's hand win, a bet on a banker's hand win, a tie bet, a bet on a player pair, and a bet on a bank pair,

where the bet on the player's hand win or the bet on the banker's hand win can combine with any or all of the tie bet, the bet on the player pair and the bet on the bank pair.

4. The method of claim 3 , wherein the jackpot is won by a combination of cards that comprises A, K, Q, J, and 10, regardless of the suit.

5. The method of claim 3 , wherein the jackpot is won by a combination of cards that comprises A, K, Q, J, 10 in spade, regardless of the sequence.

6. The method of claim 3 , wherein the jackpot is won by a combination of cards that comprises K, Q, J, 10 in spade and A in either heart, club or diamond, regardless of the sequence.

7. A non-transitory computer readable medium including a software program for playing a baccarat game according to a method of playing a live baccarat game which allows a player to place an insurance bet,

wherein the method comprises:

dealing first two cards to a player's hand and first two cards to a banker's hand according to a set of conventional baccarat rules;

allowing at least a first player to place a bet on live baccarat on either the banker's hand to win or the player's hand to win;

determining (1) that an insurance bet for the banker's hand is available for the player to place the insurance bet if a sum of the first two cards of the banker's hand is larger than a sum of the first two cards of the player's hand, and/or (2) that an insurance bet for the player's hand is available for the player to place the insurance bet if a sum of the first two cards of the player's hand is larger than a sum of the first two cards of the banker's hand;

allowing the first player to place (1) the insurance bet for the banker's hand if the first player has betted on the banker's hand to win on live baccarat, or (2) the insurance bet for the player's hand if the first player has betted on the player's hand to win on live baccarat;

determining (1) an outcome of the insurance bet for the banker's hand according to a payout ratio for the insurance bet for the banker's hand if the player's hand wins on live baccarat after a third card is dealt on the banker's hand and/or the player's hand, and/or (2) an outcome of the insurance bet for the player's hand according to a payout ratio for the insurance bet for the player's hand if the banker's hand wins on live baccarat after a third card is dealt on the banker's hand; and

determining an outcome of the live baccarat game according to the set of conventional baccarat rules,

wherein each of the bets is placed at a betting terminal of a baccarat machine,

wherein the payout ratio for the insurance bet for the banker's hand is determined according to the table below:

Payout ratio if the Player

wins after a third

Sum of first 2 cards

Sum of first 2 cards

card is/are dealt on

of Banker's hand

of Player's hand

either/both hand(s)

4

0 to 3

1.5×   

5

0 to 4

2×

5

5

1×

6

0 to 5

3×

7

0 to 5

4.5×, 

and

wherein the payout ratio for the insurance bet for the player's hand is determined according to the table below:

Payout ratio if the

Banker wins after a

Sum of first 2 cards

Sum of first 2 cards

third card is dealt

of Player's hand

of Banker's hand

on the Banker's hand

6

0 to 5

3×

7

0 to 5

4.5×.

8. The non-transitory computer readable medium of claim 7 , wherein the method further comprises:

allowing at least a second player to place a bet on a jackpot where the second player can be same as or different from the first player, and determining an outcome of the jackpot according to a combination of cards that comprises at least one zero-point card.

9. A system for playing a live baccarat game, the system being adapted for executing a software program for playing the live baccarat game according to a playing method which allows a player to place an insurance bet,

wherein the system comprises a control unit for operating an automatic shuffle mechanism, a central processing unit for betting computation and maintaining records of previously played games, and one or more betting terminals for access and placing of bets by players,

wherein the playing method comprises:

dealing first two cards to a player's hand and two cards to a banker's hand according to a set of conventional baccarat rules;

allowing at least a first player to place a bet on live baccarat on either the banker's hand to win or the player's hand to win;

determining (1) that an insurance bet for the banker's hand is available for the player to place the insurance bet if a sum of the first two cards of the banker's hand is larger than a sum of the first two cards of the player's hand, and/or (2) that an insurance bet for the player's hand is available for the player to place the insurance bet if a sum of the first two cards of the player's hand is larger than a sum of the first two cards of the banker's hand;

allowing the first player to place (1) the insurance bet for the banker's hand if the first player has betted on the banker's hand to win on live baccarat, or (2) the insurance bet for the player's hand if the first player has betted on the player's hand to win on live baccarat;

determining (1) the outcome of the insurance bet for the banker's hand according to a payout ratio for the insurance bet for the banker's hand if the player's hand wins on live baccarat after a third card is dealt on the banker's hand and/or the player's hand, and/or (2) the outcome of the insurance bet for the player's hand according to a payout ratio for the insurance bet for the player's hand if the banker's hand wins on live baccarat after a third card is dealt on the banker's hand; and

determining an outcome of the live baccarat game according to the set of conventional baccarat rules,

wherein each of the bets is placed at one of the betting terminals,

wherein the payout ratio for the insurance bet for the banker's hand is determined according to the table below:

Payout ratio if the Player

wins after a third

Sum of first 2 cards

Sum of first 2 cards

card is/are dealt on

of Banker's hand

of Player's hand

either/both hand(s)

4

0 to 3

1.5×   

5

0 to 4

2×

5

5

1×

6

0 to 5

3×

7

0 to 5

4.5×, 

and

wherein the payout ratio for the insurance bet for the player's hand is determined according to the table below:

Payout ratio if the

Banker wins after a

Sum of first 2 cards

Sum of first 2 cards

third card is dealt

of Player's hand

of Banker's hand

on the Banker's hand

6

0 to 5

3×

7

0 to 5

4.5×.

10. The system of claim 9 , wherein the playing method further comprises:

allowing at least a second player to place a bet on a jackpot where the second player can be same as or different from the first player, and determining an outcome of the jackpot according to a combination of cards that comprises at least one zero-point card.

11. The system of claim 10 , wherein the system is an entertainment gaming machine.

12. The system of claim 11 , wherein the entertainment gaming machine is a laptop or desktop computer.

13. The system of claim 9 , wherein the system is an entertainment gaming machine.

14. The system of claim 13 , wherein the entertainment gaming machine is a laptop or desktop computer.