The Ultimate Baccarat Strategy Guide - Chapter 1

HOW TO PLAY BACCARAT

Published Time: Wed, 01/24/2018 - 08:27

THE BASIC RULES WHEN PLAYING BACCARAT:

After all bets are made at the Baccarat table, two hands are dealt consisting of two cards to each hand (known as the player hand and the Bank Hand)
The objective is to guess which hand will have a total closest to 9
Players can wager on the Bank Hand, player hand, or on the tie bet
Face cards and tens have a count of zero, and aces count as one. All other cards count their face value
If the count of a hand exceeds 9, the total is adjusted by subtracting 10.
There are house rules that determine whether the bank or player hand receives a third draw card. (there is a maximum of three cards per hand.)
Players who wager on a winning player hand receive a 1 to1 payoff
Players who wager on a winning Bank Hand also receive a 1 to 1 payoff but must pay a 5% commission (including the 5% commission, the payoff odds are 19 to 20.)
The payoff odds for a winning tie bet are 8 to1

Most everyone remembers the famous image of secret agent James Bond playing the casino game of Baccarat (pronounced bah-cah-rah) in the popular James Bond novels and movies. Although the game appears serious and elegant (and intimidating to average players), it’s actually as simple to play as betting on a flip of a coin; and, get this, the house edge is one of the lowest in the casino.

The casino game of Baccarat is based on the Italian game of baccara. The Italian word “baccara” simply means zero, and the latter refers to the fact that in baccarat, all the picture cards and tens have a value of zero.

Baccarat was first played in the 1400s in Italy and France. During the reign of King Louis XIV (1643-1715), Baccarat was one of the most popular games played by French royalty. Even though public gambling became illegal in France (in 1837), Baccarat continued to be played in the homes by the elite and common folks. This kept the game thriving for many years until it appeared again in casinos that sprang up on the Riviera (circa. 19th century). It eventually became the premier game in European casinos.

Over the years, there have been several versions of the game:

American Baccarat (also known as punto banco)
Chemin de fer (also known as Chemmy)
Baccarat Banque

The above versions of Baccarat have virtually the same rules; the major difference is how the cards are dealt. (I’ll explain the details of each game in Chapter 2.)

Punto Banco made its debut in Las Vegas on November 20, 1959, thanks to professional gambler Tommy Renzoni, who convinced the management at the Sands casino to try it. Renzoni had previously introduced the game at the Capri casino in Cuba, saw how popular it was, and after he made a few modifications to the game, knew it would be a big hit in Las Vegas. He was right; after the Sands started offering Punto Banco, more casinos began offering it on the Strip and downtown casinos, more players were playing it, and the game’s popularity took off.

Many American players feel intimidated by Baccarat, mistakenly believing it’s a game played by high rollers wearing formal attire in a separate part of a casino (known as the high-limit pit). That’s unfortunate because there is a low-stakes version of the game (Mini-Baccarat) that is usually played in the main casino on a blackjack-sized table. (See below for details on mini- and Midi-Baccarat tables.)

ADVANTAGES OF PLAYING BACCARAT

Why play Baccarat? The game has these advantages:

Playing rules are easy to learn
Game offers even an inexperienced player one of the best odds in a casino
No matter your betting level, you can usually find high- and low-stakes versions of the game in a casino
Baccarat is also available in online casinos

OBJECTIVE OF BACCARAT

Regardless of the number of players, only two hands are dealt in Baccarat: the Bank Hand and the Player Hand. Before the cards are dealt, you place a wager with chips (also called checks) on which hand will come closest to a total of nine. You can wager either on:

The Bank Hand
The Player Hand
A tie (meaning, both hands will have the same total)

(Note: You could wager on any combination of the above if you wanted to, such as a bet on the Bank Hand and another bet on the Tie.)

BACCARAT PAYOUTS

PLAYER HAND

A winning bet on the Player Hand is paid at 1 to 1. For example, if you bet $10 on the Player Hand and it wins, you would receive $10 in winnings.

BANK HAND

A winning bet on the Bank Hand is paid at 1 to 1 minus a 5% commission on the winning bet. This is equivalent to a 19 to 20 payoff, meaning if you wager $10, you would win $9.50. (The reason you pay a commission on only the Bank Hand will be discussed shortly.)

A TIE

A winning bet on the Tie is usually paid at 8 to1, meaning if you win, you receive 8 winning chips and you get to retain the original 1 chip wagered on the Tie. For example, if you wager $10 on the Tie and it wins, you would receive $80 in winnings and retain the original $10 wager. If there is a tie, a bet on the Bank or Player Hand is a push, meaning neither hand wins or loses. After a tie, you can remove or add chips to either wager, switch wagers, or just remove your chips and not bet.

(Note: Some casinos state a 9 for 1 payoff for a winning bet on the Tie. This means they pay you 9 chips but keep the original 1 chip you wagered. A 9 for 1 payoff is equivalent to an 8 to1 payoff.).

BACCARAT CARD VALUES

Baccarat is usually played with mostly eight decks of cards (and sometimes six decks) that are dealt from a dealing shoe. Every card has a numerical value (see table on the right), and card suits have no relevance in Baccarat.

The values of the cards are as follows:

Tens and picture cards (Jack, Queen, and King) have a numerical value of 0
Aces have a numerical value of 1
2s through 9s have a numerical value equal to their face value.

The highest total a hand can have in Baccarat is 9. (A hand can’t “bust” if it totals greater than nine.) If the numerical value of the cards in a hand exceeds a total of 9, then you can do either of the following to arrive at the adjusted total of the hand:

Drop the first digit of the sum
Subtract 10 from the total

Here are some hands and their adjusted totals:

In the first hand, the sum of the value of the cards is 15. Since a hand in Baccarat can’t exceed a total of 9, either drop the first digit (the 1 in 15) or subtract 10 (15 minus 10) to get the adjusted total of 5. (Either way you do it is up to you; just be consistent.)

The second hand above totals 14 (8 + 6 = 14). If you drop the first digit, or subtract 10, you arrive at the adjusted total of 4.

DIFFERENT SIZE BACCARAT TABLES

There are three sizes of Baccarat tables:

Full-size Punto Banco Baccarat
Mini-Baccarat
Midi-Baccarat

The rules for playing are the same; the differences are the number of players, how the cards are dealt, and the minimum and maximum betting limits.

FULL-SIZE PUNTO BANCO

Also known as Big Baccarat, the full-size Baccarat table is located in a high-limit pit (or sometimes in a Baccarat room). The tables can accommodate up to 14 players, and the betting limits are often the highest in the casino (e.g., in casinos on the Las Vegas Strip, the betting range is usually $100 minimum bets up to $100,000 maximum bets). Players traditionally handle the cards; the biggest bettor on the Bank Hand gets to turn over the Bank cards, and the biggest bettor on the Player Hand turns up the Player cards. Three dealers staff the table. Big Baccarat caters to high-end players (i.e., high rollers or whales), who sometimes wager thousands of dollars on each hand. Casinos also tolerate these players when they occasionally bend, crumble, crush, and even tear in half the cards in the process of peeking at them before turning them up. (Because of this, fresh decks of cards are introduced into play before each shuffle.)

MINI-BACCARAT

Mini-Baccarat is a low-stakes version of the big Baccarat game. Mini-Baccarat tables are located in the main casino next to the blackjack tables, and they can accommodate up to 6 or 7 players. Minimum betting limits are usually $5 to $15, with a maximum betting limit of up to $5,000. The table has only one dealer, and unlike the big Baccarat table, players are not allowed to handle the cards (the dealer deals the cards). Because of the latter rule, the game is much faster than the big Baccarat version (over 200 hands dealt per hour vs 40-70 for big Baccarat).

MIDI-BACCARAT

Midi-Baccarat tables have seats for up to 9 players and are staffed by one dealer. Since players like to handle the cards, Midi-Baccarat was designed to allow this. (However, casinos don’t tolerate players bending or crushing the cards.) The game can be found in either the high-limit room or in the main casino. Midi-Baccarat isn’t as fast as Mini-Baccarat but casinos can usually deal more hands per hour than the big Baccarat game. The betting limits are lower than the latter but higher than Mini-Baccarat tables (e.g., $25 up to $10,000).

MECHANICS OF PLAYING

By way of an example, I’ve summarized below how the cards are dealt on the Big Baccarat table (also known as the full-size table).

After the dealer shuffles a fresh pack of eight decks of cards, she will ask one of the seated players to insert the cut card somewhere into the stack of eight decks. (By doing this, the casino is allowing the customer to establish the starting point for the dealing of the cards.) The dealer will cut the cards so that the card following the placement of the cut card by the customer is at the top of the stack of cards (and will be the first card dealt from the shoe). The dealer then counts 15 cards, beginning with the last card in the stack of cards, and inserts a cut card. (When this cut card appears in play, the round in progress is completed and then the game is paused while a fresh set of eight decks is put into play and shuffled.) The eight shuffled decks are then placed into the dealing shoe and the dealer will remove the first card and turn it over. The face value of the card determines how many additional cards are “burned” or removed from the shoe. For example, if the first card was a six, then the next six cards are removed from the shoe and burned. If the first card was a ten, then ten cards are burned. All the burned cards (and subsequent discards) are dropped by the dealer into a discard bowl located under the table through a slot located in the middle of the table.

A full-size Baccarat table has room for up to 14 players. The table layout (see below) has each seat numbered from #1 through #15. (Usually, the unlucky number 13 is not displayed on a Baccarat layout; likewise, the number 4 is often not displayed because in some Asian cultures, the number 4 represents death.) In front of each player there is an area (or box) on the layout for placing your chips on the Player Hand, Bank Hand, or the Tie. (See diagram below.)

Three casino dealers direct the game. One dealer (the Caller) is positioned in the middle of the table (where the cards for the Player and Bank Hands will be placed). The Caller’s job is to direct the flow of the game and call the winning hand. The other two dealers are positioned next to each other and located opposite the Caller. Their task is to collect the losing bets and pay off winning bets from players seated on their half of the table, and they also keep track of all the commissions owed by players on winning Bank Hand bets.

Traditionally, players had the chance to deal the cards on the full-size Baccarat table; however, nowadays the Caller will deal the cards from a shoe and then give the cards to the player using a device known as a paddle. The initial two Player Hand cards are given to the player who made the largest wager on the Player Hand. This player looks at the two cards and then tosses them to the Caller, who places the cards on the layout labeled PLAYERS and then announces the total of the hand (e.g., Player shows 6). This procedure is repeated with the Bank Hand, with the player with the largest wager on the Bank Hand getting to look at the two cards before tossing them to the Caller, who announces the total of the Bank Hand (e.g., Bank has 3). If one or both hands require a third card, the Caller will give the draw card to the same player (via the paddle) to look at and then toss back to the Caller. The Caller will announce the winner (e.g., Bank Hand wins 7 over 5). The dealers will then collect the losing bets, pay off the winning bets at even money (except the Tie bet, which wins 8 to1), and in the case of a winning Bank Hand, place a marker indicating the 5% commission owed into the players’ commission boxes (located in front of the two dealers … see diagram). For example, if the player in seat #3 wagered $20 on Bank Hand and it won, the players wins $20 and the dealer places a $1 marker in the #3 commission box.

Note: In casinos where the rules still allow players to deal the cards, the procedure is as follows. After the shuffle, the player in seat #1 is given the shoe. When directed by the Caller, this player will deal the first card to the Caller, the second card is placed under the front corner of the shoe, the third card is dealt to the Caller, and the fourth card is placed u