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"6 Basic Concepts and 7 Money-Making Tips Every Baccarat Beginner Must Know
There are numerous strategies circulating for winning at baccarat, but before you decide on any secret techniques, it's essential to understand the fundamentals of the game. Here are six basic concepts you should have as knowledge before becoming a baccarat player.
1. Baccarat Has the Lowest House Edge
The house edge represents the portion of the casino's advantage over players. Every casino game can calculate the expected return on your bets, i.e., the amount you can recover for every $1 wagered, and subtracting this from 1 gives you the house edge.
Baccarat attracts many players primarily due to its fairness. There's no concept of ""losing it all"" in baccarat. When a tie occurs, your bets on the banker and player stay intact for the next round. After calculating, the house edge for baccarat is approximately 1.2%, meaning your expected return for betting $100 is $98.8. In comparison, games like blackjack have a 2% house edge, and craps, a popular game in Western casinos, has a 1.4% house edge. Roulette's house edge varies depending on single or double zero, with American double zero roulette having a 5.3% house edge, while single zero roulette, more common in Asia, is roughly double that of baccarat.
2. Banker's Chances of Winning Are Naturally Higher
Many novice players wonder why there's a 5% commission on banker wins while player wins don't have a commission. Why not just bet on the player every time? This is a common misconception.
In fact, due to differences in the rules for drawing additional cards for the banker and player, their winning probabilities aren't the same. Calculations show that with 8 decks of cards, baccarat has a banker win probability of 45.86% and a player win probability of 44.62%. The remaining percentage accounts for ties. However, as mentioned earlier, ties in baccarat do not result in losses. In reality, the probability of the banker winning is actually higher than 50%. The 5% commission is used to balance the expected values between banker and player, as the banker's chances of winning are naturally higher.
3. Avoid Betting on Ties or Pairs
Betting on ties or pairs in baccarat may seem tempting, but the odds and payouts are not favorable. The probability of a tie occurring is 9.51%, and when you consider the 1:8 payout, the expected value is only 85.56%. This results in a high house edge of 14.44% for tie bets. Betting on pairs isn't much better, with a house edge of 12.15%. Compared to baccarat's 1.2% house edge, these bets can result in losing over 10% of your wager with each bet.
4. Card Counting Can Be Applied in Baccarat
Just like in the movie ""21,"" where card counting was used to win at blackjack, a similar approach can be applied in baccarat. Each card in baccarat has a specific value based on its impact on the game's outcome. While card counting in baccarat isn't as prevalent as in blackjack, it can still provide an advantage if done correctly. By understanding the effects of each card on the banker and player hands, players can make more informed bets.
5. Avoid Progressive Betting Systems
Progressive betting systems, where you double your bet after a loss (e.g., Martingale), are not recommended. Casinos, both physical and online, have bet limits in place, making it impossible to indefinitely double your bets. From a statistical perspective, even in independent events like baccarat, a losing streak of 6 or more hands is within the range of normal distribution. Betting large amounts to chase losses can quickly deplete your bankroll.
6. Apply a Controlled Betting Strategy
Managing your bankroll is crucial for long-term success in any casino game, including baccarat. If you can't control your funds, it's best not to gamble. Consider setting limits on your bets and the number of rounds you're willing to play. For example, if you have $200 and want to bet $10 each time, you have 20 opportunities to play. If you lose your initial $200, consider taking a break and coming back another day. If you're winning and want to continue, consider splitting your total funds in half and only using one portion to continue playing.
7 Money-Making Tips in Baccarat
1. Avoid Betting on ""Tie"": Betting on a tie in baccarat has a high house edge and should be avoided.
2. Bet on ""Banker"" for Better Odds: Betting on the banker in baccarat offers the best odds, even though it comes with a 5% commission.
3. Increase Bets When Banker Wins: After a banker win, consider increasing your bet on the banker, as it often leads to streaks.
4. Use Pattern Recognition (Roadmaps): Observe the patterns of results (roadmaps) to make informed betting decisions. However, remember that these are historical trends and not guaranteed future outcomes.
5. Ignore ""Tie"" Bets: Since ties often result in a push (no win or loss), you can safely ignore tie bets in baccarat.
6. Switch to ""Banker"" after ""Player"" Loss: If you initially bet on the player and it loses, consider switching to the banker, as the banker tends to win more frequently.
7. Practice Bankroll Management: Always manage your bankroll wisely to ensure you don't overspend or chase losses. Set limits on your bets and the number of rounds you play.
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Post time 21-9-2023 20:44:45