Baccarat House Edge and Odds
Baccarat is a well-known card game that is offered in a number of brick and mortar casinos as well as online. Many players opt for it due to the fact that it’s extremely entertaining and intriguing. Another thing, which have greatly contributed to its huge popularity, is its fairly simple rules and bet options. Presently, it is possible to enjoy the classic Baccarat, also known as Punto Banco, as well as some of its many versions. In contrast to the past when the game was predominantly played by the upper-class members of the society, nowadays the huge diversity of variations make it suitable for all types of players, regardless of their bankroll and attitude to risk.
The game is famous for having a low house edge which is one of the reasons why it appeals to such a huge number of casino enthusiasts all over the world. When it comes to gambling, there is nothing more enticing for players than knowing that the odds are in their favour. Due to its low house edge, Baccarat is considered to be one of the best casino games of all time. However, it should be also taken into account the fact that it is a game of luck and as such, its outcome cannot be influenced by a reliable strategy or skills.
Baccarat House Edge
One of the most important things which every player should consider, prior to playing a casino game, is its house edge and odds. These indicators are rather dynamic as they can vary, depending on the respective casino and the variation of the game. Baccarat is a high-stakes game and as such, its house edge is especially important as the minimum bet that can be placed is significantly increased in comparison to other table games. Therefore, players should take their time to get familiar with their chances of winning before betting substantial amounts of money. This is also the reason why Baccarat is the favourite game of many high rollers as it suits their betting habits and gaming style.
Baccarat is a casino game with a moderately low house edge – the most common rules of the game offer 1.09% on the Banker bet, 1.24% on the Player bet, and 14.36% on the Tie wager. However, players should always remember to double check its rules beforehand in order to make sure they are not altered in favour of the casino. On average, it is estimated that the banker wins around 50.68% of the non-tie bets, whereas players win 49.32%. The house edge that applies on the ‘player’ bet is determined by subtracting the first above-mentioned percentage from the second one.
It is observable that there isn’t much difference in the odds and in this case, the banker who represents the casino, clearly doesn’t have a real advantage. This is the reason why the casino had to impose a countermeasure in an attempt to make the odds favourable again. As a result, one of the rules that apply is that the casino is entitled to a 5% commission whenever the banker bet wins. This way, the built-in advantage remains and players are deprived of the chance to be otherwise in a favorable position.
As already mentioned, the rules of Baccarat are moderately easy to learn. One of the basic rules concerns the different types of bets. Players have the chance to choose among three available options when it comes to putting their chips on the table. Each table has designated areas, labelled as ‘player’, ‘banker’ or ‘tie’. These are the possible wagers that can be placed throughout the game. According to them, the odds of the game change as well, which is the reason why it is compulsory to get familiar with them in order to determine the possibility of winning.
The odds of the bets, depending on the type, differ from one another significantly. If players decide to place a wager on the ‘player’ section, the house edge is estimated to be 1.24%. If they choose to put a bet on the ‘banker’ section, it is 1.06%. However, when it comes to the ‘Tie’ bet, the house edge is much higher – 14.4%.
|Baccarat Wagering Odds and House Edge|
|Bet Type||House Edge|
The Bet with the Worst Odds
One bet that is worth discussing is the ‘tie’ bet due to the fact that it has an exceptionally high house edge. It is observable that the odds of this wager are clearly unfavourable for the players and therefore, they should refrain themselves from choosing it. Even though it can be really tempting to place this type of wager because of its payout – eight to one, it is compulsory to take into account the fact that its odds are worse in comparison to the rest of the available bets.
The Bet with the Best Odds
After players have taken their time to consider the odds every bet gives them, it is easy to decide which one provides them with the chance to lower the house edge as much as possible and reduce their money losses. In order to do so, they should bet on the’ banker’ section as its house edge has proven to be the lowest. Even though the casino gets a 5% commission, if they choose to place a wager on the banker’s hand, it is still their best bet choice and players shouldn’t be discouraged to try their luck on it because of this rule.
The reason why the ‘banker’ bet has the lowest edge is its high possibility to win more often. The ‘banker’ hand is completed last, giving it more chances to win than the ‘player’ hand. In addition to that, the ‘banker’ decisions depend for the most part, on the cards drawn to the “player’ side. Just like in blackjack, in baccarat, the last hand to draw will end up winning more times.
The ‘banker’ side will always stay on a two-card total of 7, 8, or 9. Any other total would indicate resorting to the drawing rules in baccarat, with the action of the banker depending on the cards the ‘player’ side has drawn. In a way, baccarat resembles blackjack where the house has a bigger advantage as the dealer draws after the player plays their hand. This means that the player could go bust before the dealer even has the chance to draw more cards or stand. In baccarat, it is a slightly different case as there is no chance of going bust. This being said, the ‘banker’ side still ends up with more wins in the long run as it acts according to the actions of the ‘player’ side.
Relation between the House Edge and the Payout Percentage
Another major reason, why it is compulsory to take into account the house edge in Baccarat, is that it also influences the payout percentage. Even if the house edge is low enough, if the payout percentage is unfavorable, players won’t be able to make up for their money losses. Since the house edge is measured in percentage as well and it indicates the amount of money players are expected to lose every time they bet, it has just as big of an impact on their bankroll as the payout percentage.
It is worth mentioning that Baccarat is a game of chance and as such, its outcome cannot be determined. Therefore, in contrast to strategy games such as Blackjack, it is not possible to set a routine on the bets in order to make a profit in the long term.
Calculating House Edge for Baccarat Bets
If you are chasing bigger payouts, you are advised to place your money on either ‘banker’ or ‘player’ as these bets have extremely low house edge percentages compared to the ‘tie’ wager.
Let us take into consideration the estimations for ‘player’ winning chances of 49.32% and ‘banker’ winning 50.68% of all bets, excluding the ‘tie’ option. In the case of wagering 100 credits on ‘player’, you can expect to lose 50.68 and win 49.32 on average. If we subtract 49.32 from 50.68, we will get 1.36, indicating the house edge against the ‘player’ bet.
The odds on the ‘banker’ bet are calculated in a slightly different manner. As the house is entitled to a 5% commission for every winning ‘banker’ bet, if you stake 100 credits on this side, you will win 0.95 credits. If we take the expected win of 50.68% for the ‘banker’ bet and we multiply it by 0.95, we will get 48.15. Meanwhile, the losing chances for this bet are estimated to be 49.32% of all non-tie bets. If we subtract 48.15 from 49.32, we will get 1.17, representing the house edge.
As for the ‘tie’ bet, the winning chances are 9.55% of all bets. If we divide 100 by 9.55, we will get 10.47 but we must keep in mind that a win would indicate that your original bet will also be returned to you. This means that we will get the true odds of the ‘tie’ bet by deducting 1 out of 10.47, getting odds of 9.47 to 1, or receiving 9 credits. To get the house edge of the ‘tie’ bet, you divide 1.47 (the difference between 10.47 and 9) by 10.47, getting the house advantage of 14.4% for this wager. Despite its high house edge, however, many players are tempted to bet on ‘tie’ due to the stake’s high payout.
Important Things to Consider
The house edge of a particular casino game is an important factor which is often not considered properly. It is essential to know that the odds and probabilities are good indicators about the chances players have of winning the respective game. As already mentioned, when it comes to Baccarat, the odds strictly depend on the type of bet that they choose to place. However, there are other factors that play a crucial role when determining the percentage of the possibility to win.
Another major thing that should be also taken into account is whether the rules of the game remain the same as some casinos alter them for various reasons – to make the game more attractive or to increase its house edge. It is also compulsory to double check whether the chosen game is a variation of Baccarat, because if this is the case, the odds will be most likely different. Players should be aware of the fact that whenever a rule is altered, even if it’s the slightest change, it directly influences the house edge.
Punto Banco or just Baccarat is the most widespread version of the game nowadays and it can be found in every leading casino. However, there are other popular variations such as Chemin de Fer and Baccarat Banque whose rules significantly differ from the classic game. Therefore, their odds and probabilities are not the same. Players should also bear in mind that when Baccarat is played online, its odds and house edge will be most likely slightly different due to the virtual nature of the game.
The Role of the Deck
Baccarat is a card game and as such, the number of decks involved in the game, inevitably influences the final outcome. However, the most important question is to what extent exactly the house edge depends on the decks. Let’s have a look at the odds of each bet when the game is played with eight decks. The ‘player’ bet is calculated to win 44.62% of the time, the ‘banker’ wager – 45,86% and as for the ‘tie’ bet the odds are 9.52%.
Now, let’s consider the following situation – the game is played with a single pack of cards. In this case, the odds of the ‘banker’ bet are 45,96%, of the ‘player’ bet – 44,68% and of the ‘tie’ one – 9,36%. It is observable that there isn’t much difference in the betting odds when it comes to the ‘player’ and ‘banker’ bet. However, the ‘tie’ bet is influenced by the number of packs involved in the game. From these examples, we can draw the following conclusion: the fewer the decks in use, the lower the chances of winning a ‘tie’.
|Baccarat Payout Depending on the Number of Decks|
|House Edge for Baccarat Bets According to Number of Decks|
|8 decks||6 decks||1 deck|
Baccarat is one of the oldest casino games which is still played nowadays. It has a moderately low house edge in comparison to the rest of the casino classics which makes it extremely enticing to a number of players globally. Moreover, its rules are very easy to learn which makes it suitable for even inexperienced gamblers. If players want to be able to fully enjoy the game and increase their chances of winning, it is compulsory to get familiar with the possible bets and their house edge.