Most people who play baccarat know that the game isn’t exactly filled with strategy. But that’s not to say baccarat strategy is useless because you can really cut down on the house edge when you put some thought into the game. In fact, you can even bring the house edge down to around 1% by using some strategy.
The most important thing you should realize in baccarat is that betting on a tie is the worst possible wager you can make. When you put money on a baccarat tie, you are giving the house a 14.55% advantage! Sure wagering that the Player and Banker will tie might seem harmless every once and a while, but you’re blowing money by doing so. And why would you want to do that?
Getting down to the finer details, you can improve your chances of winning even more if you know who to bet on between the Player and Banker. Betting on the Banker to win means the house only has about a 1.06% chance to win. Contrast this to wagering on the Player where the house advantage moves back up to 1.29%. This might not seem like a whole lot, but it is if you plan on playing baccarat for a while.
As long as you’re avoiding tie bets and betting on the Banker, you are already in good shape. The only thing left is to know how to manage your money at the baccarat tables. Seeing as how the house doesn’t have much of an edge, you will go on big runs where you make lots of cash. If you happen to experience a hot streak, you need to put some of your winning bets to the side and save the profits.
A good rule of thumb is to stop when you are up by 10 winning bets. Some players might say to ride out your hot streak, but most of these people end up penniless by the end of the night.