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Calculating Odds Of Baccarat

Calculating odds of baccarat should be known by any player who wants to play the baccarat game well. This article discusses the odds, house edges and how to calculate odds of baccarat. Read on to know more on baccarat odds calculation.

The house edges can vary with changes in the number of decks used in the game. In this basic discussion on calculating baccarat odds, it is assumed that baccarat is being played with 8 decks and all three wagers, Banker, Player and Tie, are offered.

For calculating odds of baccarat, if let’s say $1 is wagered on the Banker, there are three outcomes possible. If as the first outcome, the Banker wins, the payout will be $0.95, calculated on the basis of the less than 5% commission for the house. The probability for the Banker winning here is 45.86%, which leads to an expected return of 43.57%. Let us see the second outcome, where the player wins. In that case, $1 as wager is lost and the probability for the player to win is 44.62%. This leads to an expected loss of 44.62%. In the third outcome, which is a tie, there is no loss or gain. The probability of this to happen is 9.52%, but there is no expected return. The house edge on the Banker winning remains 1.0579%

Moving further on calculating baccarat odds, if $1 is wagered on the Player, then there are three possibilities. In the first case, if the player wins, the payout is $1 and the likelihood of the Player to win is 44.62%. This leads to an expected gain of 44.62%. In the next outcome, if the Banker wins, the $1 wager is lost, with the prospect for the Banker winning is 45.86%. This leads to an expected loss of 45.68%. In the last outcome which is a tie, the wager pushes and there is no profit or loss. The house edge on the Player winning is 1.2351% with no expected return. The probability of this happening is 9.52%.

Let us see the scenario if $1 is wagered on the Tie, to calculate odds of baccarat. Three outcomes are possible here. In the first outcome, if the Player wins, the wager of $1 is lost. With the possibility of the Player winning 44.62%, this leads to an expected loss of 44.62%. In the next case, when the Banker wins, the wager of $1 is lost; with the chance for the Banker winning is 45.86%. This again leads to a projected loss of 45.68%. In the third outcome, which is a tie, the payout is $8, but the likelihood of this happening is 9.52%. This leads to an expected gain of 76.12%. The house edge on the Tie bet is 14.3596%. Hence under the rules, in baccarat odds calculation, this is the most favorable bet.

As a conclusion on calculating odds of baccarat, playing with fewer decks favors the player as he can get a lower house edge by wagering on the bets.

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