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Baccarat Game Odds
Baccarat is a casino game that offers relatively good
odds for players. Playing the game is fairly simple because
there are only three different wagering options, and each
hand is played according to a fixed set of rules. Read
more to learn which bet offes the best odds - you may be surprised.
Types of Bets | Betting Odds
Picture Courtesy: Red Flush Casino
Baccarat is popular with players due to simple betting options, fast gameplay, and favourable odds.
The Three Types of Bets
To the first-time player, baccarat may seem like an intimidating game reserved only for those sophisticated enough to understand its nuances. While it is a popular game amongst high stakes players, it actually is quite simple to play. A player, at either a land-based casino or casino online, is responsible for making only one decision, whether to put their chips in the table area marked
'Player', 'Banker', or 'Tie'.
The rules of play in baccarat have been carefully constructed to
produce a small, yet measurable advantage for the house for both
player and banker bets, and a steep jump in advantage for tie bets.
Complex calculations are used to determine that the banker will
win 50.68% of all non-tie hands and the player 49.32%. Using 100
credits worth of bets against these percentages shows that you can
expect to lose 50.68 and win 49.32. The difference between the two
is 1.36, hence a 1.36 house edge against the 'player'
So why then does the banker bet offer no real house
advantage if it wins more than half of the time (50.68%)? Well,
casinos are definitely aware of this advantage. If they allowed the game to
be played while giving up an edge to players, they wouldn't make any money.
Casinos have taken this odds discrepancy into account, and made
adjustments to tilt the advantage back into their favour by way of
a 5% commission on winning banker bets.
The banker bet odds can be calculated as follows: let's say you
are wagering 100 credits. Taking into account the 5% commission
on winning banker bets, you will win 0.95 credits for every one credit wagered.
Expecting to win 50.68% of the time, multiply 0.95 by 50.68 and
you get 48.15. You still can expect to lose 49.32, and the difference
is 1.17, resulting in a 1.17% house advantage.
Tie bets happen approximately 9.55% of the time, meaning the true
odds of a tie bet are 9.47 to 1. Dividing 9.55 into 100 gives us
10.47 and taking into account the fact that you will receive your
original wager back, the proper odds are 9.47 to 1. So, winning
a tie bet should have you winding up with 10.47 credits, but instead
you wind up with 9. Dividing the difference, 1.47, into 10.47 gives
the house a 14.4% advantage. You might be tempted by the 8 to 1
payout, but the odds on this bet are unfavourable compared to the
banker and player bets. Logic dictates that despite the 5% commission
attached to winning the banker bet, it still offers the most favourable
odds in baccarat, and over time you can expect to lose less by utilising
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