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Baccarat has a reputation for being a high rollers game and the tables are normally separate from the rest of the casino in there own section called the pit. The game of baccarat is unlike most casino games as the is no level of skill involved the reason for this is that neither the player or dealer has any options or decisions to make during the course of the game. This means the game is quite simple especially as there are only three possible bets that can be made. Three dealers run the game and one of these is the caller who runs the game and stands between positions 1 and 15. Each player takes it in turns to deal from the shoe there is however no advantage to be gained from it and it is just part of the tradition of the game. All picture cards count as 10 and aces count as 1. Player and dealer are both dealt two cards to start with, if either of them has a two card total of 8 or 9 then they must immediately turn over the cards. A 9 is the best hand and beats all other totals followed by 8, if both the dealer and the player has an 8 or 9 the hand is tied and no money changes hands. If the dealer has 4 then he must draw if your card is a 2-3-4-5-6-7. If the dealer has 5 then he must draw if your card is a 4-5-6-7. If the dealer has 7 then he must stand. If the dealer has 9 then he must stand.

Baccarat is a game of pure luck. The game is played using a fixed set of rules for the player and the dealer, and these rules represent the best odds of winning for both the player and for the house. Thus it would seem to be to your advantage to bet on the house winning on every hand. With this approach you keep track of what you bet over the course of four hands.

• First, bet one unit. If you win add another, making the second bet a total of three units.
• If you win the second bet there are six units on the table. Remove four, making the third bet two units.
• If the third bet wins, add two more units for a total of six on the fourth bet.
• If the fourth bet wins, you collect a total of 12 units, ten of pure profit. If you win the second bet but lose the third bet, your profit is two units. If you win the first three bets but lose the fourth, you break even. If you lose the second bet five out of six times, and then win four consecutive bets once, you break even. To even out the odds the house charges a commission (usually 5%) on winning player bets placed on the house. How should this change the way a player wagers? Factoring in the commission it turns out that you are still slightly better off by betting that the house will win. This assumes the commission is the usual 5%, should the commission change then you have to change strategy. For various commissions we can calculate the following average payoffs then, assuming 100 wagers of $1 were made.

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