Introduction: Mathematical Facts About Baccarat
Let’s have a look at some mathematical facts about baccarat. Did you know that when it comes to casino games, nothing can beat the game of baccarat? It has an extremely low house edge and is a very easy game to learn. In fact, the house edge is probably the lowest for any game you’ll find in the casino, and as far as betting knowledge goes, well, you only need to know how to make one single wager.
The thing about baccarat is that it all comes down to mathematics. But there’s really nothing for you, the player to figure out. Let’s have a deeper look at the mathematics involved in baccarat that will help you to increase your jackpot winning chances.
The Banker Bet and the Commission
First thing first, it’s important that you have a thorough understanding of how the casino takes a commission off each banker’s bet. So each time you place a wager on the banker’s hand and win, then the casino will collect a 5% commission. So if you wager $100, and go on to win, then you’ll only get back a total of $95. Likewise, if you bet $20, then only $19 is returned to you. many players make a confusion between the house edge and this commission. The actual house edge on this bet is 1.06% after the casino has taken their cut.
Of course, if you fail to understand that this represents the edge after commission, then you might think that the player hand bet is better. But you should keep in mind that the banker hand bet is always better when playing baccarat. After all, if not as if you need to compute the commission each time you bet, so there’s no reason not to be making the banker’s hand wager each and every time.
Stick to Simple Wagers
On a practical note, we suggest that you only place wagers where the commission is easy to compute. For one thing, this means that any mistakes on the part of the dealer will be easy to spot. And on another point, it makes paying out the commission easier. For example, if you normally bet $20’s, then always have a stack of 1’s available. This way when the dealer pays you $20, you can simply slide a $1 forwards to pay your commission.
Player Bet Math
Now we come to the second betting option in Baccarat. The player bet. Now the player hand doesn’t charge any commission like the banker one does. But you should keep in mind that the player hand has a slightly higher house edge of 1.24%. OK…this isn’t the end of the day. It will not be costing you so much more to bet with the player hand. In fact, if we look at the difference over the long term, we’ll find that for a spend of $10,000, the difference is a whopping $18! So if you do want to avoid any commissions, then wagering on the player hand isn’t really going to break the bank in the long term.
Mathematical Facts About Baccarat: Tie Bet Math
There’s really not a lot to say about the tie wager in Baccarat, simply because it’s such a bad bet, no one in their right mind should be making it. The house edge for the tie bet is a massive 14.36%! This would make every single game in the casino a better wagering proposition than this bet. Even the worst slot machines can’t come near to touching this house edge. For the purposes of illustration, if you wager $100 on the tie option, then it’ll cost you $14.36 for the privilege. Likewise, a $1,000 will see you with a $143.60 loss.
Bet Sizing Considerations
Simply put the best wager you can make in baccarat is the smallest wager you can make. So in the casino, that would be the table minimum. And if you’re playing online, then it’s the smallest acceptable bet. The reason for keeping things small is that this is the best method of alleviating the house edge. As you know, in the long run, you’re always going to be at a disadvantage when playing baccarat. Simple logic tells you that the best way to save money is not to play at all! And so it follows that the next best means of saving is to place the smallest bets possible.
In fact, this advice holds true for all casino jackpot games. Once you’ve learned basic strategy, then use this along with small bets. With any gambling option with a house edge (like all of them) should be played with the lowest wagers you can muster.
Baccarat vs Slot Machines
In spite of all the apparently obvious differences, these two casino games have a surprising amount of things in common. As with all gambling games, people play the slots for a variety of reasons. But one of the main ones is that they are extremely easy to play. There’s no learning curve or rules to look into. All you have to do is put in your money and press a button. But the real problem with slots is that they enjoy a larger house edge than almost any other game in the casino.
Watch Your Hourly Burn Rate
At first glance, you might not think that this is a big issue. And that’s because you’re making the smallest wagers possible. Yes, that’s true, but you’re forgetting the number of wagers you’re actually making each hour. Let’s say you’re betting $2.50 per spin and you make 550 spins each hour. Add them up and you get $1,375 each hour. Now if you were wagering $20 a hand in baccarat and playing 70 hands an hour, then your risk is $1,400 per hour.
Baccarat House Edge For The Win
But then the house edge comes into play. With a slot machine with a 5% house edge, then expect to be losing $68.75 each and every hour. With baccarat that sum loss is only $14.84. As you can see, with baccarat you’re going to save much more. The funny thing is, that many punters think of baccarat as being a complicated game. And yet nothing could be further from the truth. With baccarat, all you have to do is make a minimum bet on the banker’s hand. That’s it. Everything else is taken care of by the casino itself. It’s just as simple as playing a jackpot slots machine.
Conclusion: Mathematical Facts About Baccarat
Baccarat is one of the simplest games in the casino. Just place a wager and wait for the result. Though there are lots of baccarat myths and stories, it’s not rocket science that’s for sure! Keep in mind that the game also offers one of the lowest house edges to be found in any casino game. One of the best jackpot winning tips and tricks is that you stick with bets on the banker’s hand. And that’s in spite of the commissions. With a house edge of just 1%, your bankroll will last a lot longer, giving you a lot of gambling fun for your buck. As an added bonus, you have a greater chance of walking away from a winner, than with any other game in the casino.