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Dealers normally wear tuxedos and the surrounding are is quite lavish. This means the game is quite simple especially as there are only three possible bets that can be made. The table layout is quite simple and consists of fourteen numbered positions seven on each side of the dealer; the number thirteen is omitted as it is considered unlucky. Three dealers run the game and one of these is the caller who runs the game and stands between positions 1 and 15. Player put their bets on the numbered box in front of the players after the winner is called the other two dealers pay out or collect from the winners and losers around the table. The aim of the game is to get as close to 9 as possible and if you are nearer then you win. 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 1 then he must draw. If the dealer has 3 then he must draw if your card is a 0-1-2-3-4-5-6-7-9. If the dealer has 6 then he must draw if your card is a 6-7. If the dealer has 9 then he must stand. Calculations have been made that show the odds of the player winning are 442%, losing 455%, and 93% to tie. Thus it would seem to be to your advantage to bet on the house winning on every hand. That is, systems that are designed specifically for that game, but many other mathematical betting systems may fair well in this general card game. The objective of course is to bet a little with the potential for a larger return.
So if you lose the first bet using this baccarat system, you lose one unit. If you win the first bet but lose the second, that's two units you've lost. If you lose the second bet five out of six times, and then win four consecutive bets once, you break even. The same system will work for any casino game that pays out even-money. 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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