Baccarat Odds and Payouts Explained

Blackjack and poker may be more familiar to regular people, but baccarat is also one of the top card games in the gambling community. In the past, baccarat was reserved for the elite and possibly because of that people are slightly daunted by the game. In reality, it an easy game to learn and not too hard to master and the good thing is that you can play it in many formats online. Several of the top software providers have baccarat games in their table games portfolio, and you can also play live baccarat at online casinos, which is hosted by a real croupier.

You probably know that baccarat is played between one player and the banker, who is the dealer. It is a game of comparing cards, and that is the basic premise of the gameplay. But what are the odds you’re facing when playing baccarat? And what payouts can you expect?

Baccarat Odds

In a game of baccarat, there are only three possible outcomes: the player wins, the banker wins or the game ends in a tie. Whoever holds the card with the higher value is the winner, or both hands end in a draw. The cards are stripped from their original values though, and they each have a specific number of points assigned to them. So, you can place three bets – bet on the player, on the banker or on tie. What you need to know in terms of odds is that baccarat is not an even odds game. In other words, betting on the banker has a slightly lower house edge than betting on the player, and the tie bet comes with the highest house edge. The values have been calculated at 1.36% for betting on the player, 1.17% for betting on the banker to win and 14.4% for betting on the tie. Depending on the provider, the values can differ a little bit. Some baccarat games come with a 1.06% house edge for the banker bet and a 1.24% house advantage for the player bet, while the tie bet house edge remains at 14.4%.

If we look at the probabilities if each of the three outcomes, we can see the potential of the game more clearly. Let’s put it in this perspective: 0 means impossible to happen, it marks zero probability and 1 means it’s likely to happen, 100% likely. For the banker to win, the probability is 0.458653. The player bet has a 0.446279 probability, while the tie bet has a probability value of 0.095069. The banker bet includes a small commission the house gets if the banker’s hand receives a higher card. This miniature amount is where the house edge lies.

Baccarat Payouts

The most likely bet to win in a game of baccarat is the banker bet. However, it pays out less than the player bet (it pays out 95% of the stake, 5% go to the casino). Even despite the commission fee which enters into the banker bet, because it draws more cards, the odds of the banker winning are a bit better. The bet placed on the player wins even money on the initial bet and has no commission attached to it, no percentage that’s going to the house (100% of the stake is paid out).

Players are often advised not to bet on the tie as it the worst bet in a game of baccarat. Anywhere you slice it, this bet gives the house the greatest advantage, and the payout is 8 times the stake. At some casinos, the payout can even be 9 to 1 for the tie bet. The general tip circulating among players is to skip the tie bet, despite its high payout potential, and bet on the banker instead as it will pay off more in the long run.