Baccarat is a hugely popular casino game and can be a lot of fun and excitement when a large crowd has gathered around the table. Although it is a game of pure chance, there are still quite a few strategies that can be employed to keep the house edge to a minimum.
The first tip is to always bet on the banker. This may be a little counter-intuitive because the house takes a commission from the banker bets rather than player bets. However because of the way the game is played, it is better over the long term to bet on the banker even including this commission. At many land based casinos you will see players marking the results on a scorecard and betting with the trends. Keeping score has absolutely no value as the smart player is always betting on the banker regardless of prior trends.
This strategy also implies that you should never bet on the tie. Betting on the tie has a very large house edge of around 15%, so it's not a good idea at all.
The house edge is also dependent upon how many decks are in use in the game. If you can find a casino that uses six decks rather than eight decks then this also reduces the house edge very slightly.
Finally make a note of what the commission is at the table before you sit down. Usually it will be 5% but some casinos do offer a 4% commission. So aim to find a table using six decks with a 4% commission, bet on the banker, cross your fingers and hope for the best!