Baccarat is a fun, enjoyable, and rewarding card game to play. However, if you don’t know all you’re getting yourself into in any betting industry, there’s a high chance you’ll come up short. It is true because the game offers you considerably fewer options than you would find with most other card games. As such, you need to take your time to know the types of bets you can place here and what that can result in for your bankroll.
The Types of Baccarat Bets You Should Know
As a bettor, you have just three betting options in baccarat. There’s the:
- Banker bet
- Player bet, and
- Tie bet
While you can check here for more details on how the game of baccarat is played, this is how it works; you’ll need to pick one of the three options available to you and place a wager before each hand is dealt. The player or banker wins depending on who has the highest number of points or closest to 9. However, if they have the same number of issues, a tie is declared. Now, this is where we’re headed; understanding the tie bet and why you may want to consider other betting options instead of this one.
Everything To Know About The Tie Bet
Only a few professional baccarat players will ever consider placing the tie bet because of this betting option’s circumstances. We’ll be looking at the most critical points now.
The Tie Bet Has a High House Edge
The player bet typically carries a house edge of between 1.24-1.36% in most online and land-based casinos. The banker bet usually doesn’t have a house edge that exceeds 1.06%. However, the house edge is rarely less than 14% when you place a tie bet! A considerable risk is made even more significant if you don’t have a considerable bankroll to keep you long in the game. It makes an argument when the tie bet makes up for this humongous house edge with its 8:1 or even 9:1 payout. But the possibility of a staggering payout isn’t a good enough reason to go against such a high house edge.
The Statistics Isn’t Favorable.
If you plan to make a living in betting generally, you should always consider the numbers. The probability that any baccarat game will end in a tie is just a little over 9.5%! It means that to win any tie bet, there usually has to be a vital element of luck involved. And, as most successful bettors know, luck is not a factor you ever want to rely too heavily upon.
These variables and much more indicate that the tie bet doesn’t matter in baccarat. Placing a player bet or banker bet is more rewarding.