Baccarat is one of the most popular casino games around, but it can be difficult for American gamblers to understand. The game traces its origins back to the gambling salons of Italy and France, but has become one of the most popular high roller casino games for Asian players over the past thirty years. According to Bill Zender, a former Nevada Gaming Control Agent and casino executive who literally wrote the book on managing casino games, this is because Asian high rollers prefer to play baccarat for cultural reasons, as well as the fact that it has the lowest house edge of any game in the casino.
In Baccarat, six decks of cards are used and shuffled together. A group of players sit in a circle or oval table, and play begins with the player to the right of the dealer. Players bet on either the player hand, the banker hand, or a tie bet. The game is simple: the aim of the player’s or banker’s hand is to get as close to nine as possible. The number that is closest to 9 is the winner. Aces and face cards count as zero points, and the rest of the pips (the dots on each card that are colored as clubs, diamonds, hearts, and spades) are worth their regular value.
Once the bets have been placed, the dealer deals two cards to each of the two playing spaces, which are known as the player’s box and the banker’s box. The cards are then compared to determine the winning hand. If the total of the player’s and the banker’s cards is 8 or 9, this is called a “natural” and all bets are paid out. If the total is higher than 8, a third card is drawn.
The banker hand wins more often than the player’s hand, and ties occur 9.6% of the time. A third betting option, the Tie bet, pays out 8-to-1, but is usually avoided by serious baccarat players due to its low payout and high house edge. Fortunately, the game’s rules allow players to reduce this edge by employing a strategy known as “edge sorting.”
The best way to play baccarat is with a clear plan and money management strategies. Set your bankroll and loss limits before you start playing, and make sure to stick to those limits. It is also important to avoid chasing your losses and never over-bet. Lastly, don’t be afraid to walk away from the table when you have reached your limit. In fact, this is the most important thing that any player can do to maximize their winning potential.