Baccarat is one of the most popular card games in casinos and has been a staple for high rollers for decades. Its low house edge of 1.2 percent on player and banker bets and a very high payout potential make it an attractive game for serious players. However, the game can be confusing for new players because of its complex rules and specialized betting strategy. There are a few basic tips for playing baccarat that will help you get started.
Before you begin playing baccarat, you should determine how much money you are willing to lose and stick to that amount. The game can quickly change hands and you should only play with money that you can afford to lose. This is especially important in Baccarat because it can be very difficult to ride a winning streak for long.
The game is played on a large, nine-sided table with two sides and one banker. Unlike other casino games, in baccarat the players do not compete against each other but against the banker. Each player sits around the table, some to the left of the banker and some to the right. When the game is ready, the dealer will deal two cards to each hand and reveal them. The players must decide whether to bet on the Player hand, Banker hand, or a Tie. The object of the game is to win by getting closer to 9 than the other hand. If the players’ cards total above nine, the first digit is dropped. A seven and a six, for example, would count as five. After the cards are dealt, the winning bets are paid out depending on which hand was closest to 9. If the Player and Banker both have 9 points, the hand is a tie and all bets are returned. If the Banker has a higher total than the Player’s, the Banker wins. If the Banker has a lower total than the Player’s, the Banker loses.
In addition to the basic bets, baccarat has several special bets that can make the game even more exciting. The most popular bet is the banker bet, which has a much lower house edge of 1.06% than the player bet. The game also features a third bet, the tie, which has an enormous house edge of over 14 percent and should only be made by serious gamblers.
The ties in baccarat are determined by the value of each card, with the lowest values counting as zero and the highest numbers counting as 10. Eights and nines count as 0, while Aces and sevens count as 1. Besides the basic bets, baccarat players can make other specialty wagers such as the prawn or crab bet, which pay out a much greater percentage than the standard Player and Banker bets. In some cases, a prawn or crab bet can be worth up to nine times the amount of a standard bet. This makes the prawn or crab bet a particularly appealing option for high rollers.