Baccarat is without a doubt one of the coolest casino games on the planet. I can’t sit at a baccarat table without instantly looking for the villain of a Bond movie.
Being trendy isn’t the only reason to settle down at the table, however. Baccarat can be profitable and has a relatively low house edge, below 2%. Let’s examine 5 baccarat tips that make a profit.
Bet with The Banker
Many players sit at the baccarat table and intuitively accept the player’s bet. Your intuitions are leading you in the wrong direction.
It seems to go against every fiber of his being to bet on the “casino”. How does one look around at the massive structures in all their luxury and opulence and bet against it?
The banker bet carries a small commission that scares some players away, but it seems like 5% is a small price to pay when you are almost certain to win.
In fact, the banker’s bet will win a little over half the time. It is the 5% commission that eliminates the differences in the player’s bets.
If you limit yourself to betting the banker at the baccarat table, you are guaranteed to see more profits from the game, which brings me to my next point about betting at the baccarat table.
2 – Avoid the Draw Bet
Casinos are full of bad bets. Most casino games actually have pretty equal odds when played conservatively.
Of course the house always has an edge, and because of the edge, they never have to worry about losing money.
Even if the house only takes 2% of the moves, turns or hands. That 2% is a tremendous number and basically gives casinos a license to print money.
Now, factor in all the total sucker bets, and profits skyrocket. Baccarat is actually very friendly; he only has one true sucker bet.
The even bet pays out at 8:1. The casino can offer such a high payout because it has a big edge.
The house edge on the tie bet in baccarat is over 14%. To put this in perspective, penny slots in the range, which are known to be a spectacularly bad investment, have a house edge of under 12%.
Avoid the tie bet by any means necessary; this will greatly increase your chances of making a profit.
3 – Enter, Exit
Baccarat is a game about hitting while the iron is hot. Most veteran players take a fast-in and out approach.
Baccarat, by its nature, is a game of hot bursts and cold runs. Experienced players know how to get to the table, and if the cards heat up, they must perfectly time their output to maximize profits.
I know some professional players who love baccarat more than anything in the world. One of these diehards once confessed that he needed to become an elite poker player to finance his baccarat habit; he did very well.
He will never spend more than 20 minutes at a baccarat table. In fact, if he’s not feeling the heat for the first 10 minutes, he can find another table.
Baccarat is extremely profitable when you can find a raise and run with it for a while, but it is absolutely necessary to get out before autumn comes. The fall always comes.
4 – Find Games with the Smallest Deck
Most land-based casinos have standardized casino baccarat on a game played with 8 decks.
Any card counter on the planet will be happy to explain the complexities of keeping an accurate count with so many decks.
However, if you are lucky enough to stumble, some tables can make counting a lot easier by offering 4-deck games.
If you’re a decent card counter, you might want to take a look at an ability known as edge sorting. This unique casino skill can give the player an almost criminal edge over the casino.
5 – Become a Bankroll Savant
Proper bankroll management is a vital skill for any player who wants to be successful. Bankroll management is even more critical for any player hoping to profit from playing baccarat.
Baccarat players need to split their bankroll for the specific session they are playing. For example, playing $20 per hand will bring you $400 or 20 hands to the table.
It’s understandable that players’ bet sizes vary, but 20 hands is a good start. If you lose, it’s time to take a break.
I don’t care if you just lost $200 playing at $10 a hand and have $30k in your coat pocket. Take a break.
Preferably longer than the time it takes to go to the bathroom and back. Go for a walk, play a game of golf, get a massage, go up to your room for a shower.
It doesn’t really matter how you spend your time; take a break of at least 30 minutes. As I stated earlier, baccarat is a game where striking when the iron is hot is imperative.
Give a cold table time to warm up again, or better yet, find a completely new table. Taking a solid break after a losing streak will preserve your bankroll and clear your head for the next round.