Baccarat strategy is one of the easiest things to learn.

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All you have to do to achieve perfect strategy is bet on the banker hand every time.

Baccarat odds and probability The first thing to look at when understanding Punto Banco / Baccarat is the probability of each bet coming up (remember, a probability of 0 means it's impossible, 1 means that it's 100% likely.). Beautiful gifts. Baccarat is a French luxury brand internationally recognized as the leader for high-end, exclusive crystal products. Since it was founded in 1764, the Company, whose manufactory is based in Baccarat, Lorraine in Eastern France, has been synonymous with unique expertise and a symbol of French art de vivre. Baccarat Odds, Probability, and House Edge Given the above rules, it’s not hard to calculate the house edge for this game, but it’s probably worthwhile to explain the concept of the house edge. The house edge is the amount of each bet that the casino expects to win on average over the long run.

Standard Baccarat odds that you read about most places are based on a fresh, eight-deck shoe. This is the standard shoe that's used in the vast majority of Baccarat games in the land-based casino world. An eight-deck game has a 1.06% house edge on the banker bet with a 1.24% house advantage on the player bet.

You can see this by looking at house edges for the three available baccarat bets:

Banker bet = 1.06% house edge

Player bet = 1.24%

Tie bet = 14.36% (w / 8 to 1 pay outs)

Again, you’ll literally play baccarat like a pro just by wagering on the banker over and over.

This is why it amazes me when people complicate baccarat strategy. I know people complicate the game because they’ve tried offering me terrible advice.

I’ve played enough mini baccarat to have received plenty of bad advice. And here are 7 of the worst strategies that people have pushed on me.

Worst Piece of Baccarat Advice #1:

Raise Your Bet when the Banker Keeps Losing

Multiple players have told me to bet big on the banker when the banker has lost several hands in a row. The reason why is because the banker is supposedly “due for a win.”

This line of thinking is steeped in logic, but it’s still misguided. I’ll start with the chances of each baccarat outcome happening:

Banker hand wins = 45.85%
Player hand wins = 44.62%
Tie = 9.53%

The banker and player have roughly equal odds of winning.

Trend bettors may not know the exact statistics on the banker’s and player’s odds. But they know that each hand has around a 50 / 50 chance of winning.

And they think that the law of averages means the banker is more likely to win after several losses.

This makes sense in theory. But it also plays into the gambler’s fallacy, where one believes that they can predict future gambling results based on past outcomes.

In this case, pattern bettors think that the banker has better odds simply because they’re on a losing streak and will eventually win.

But the reality is that the odds don’t change just because the banker loses multiple hands. Instead, they stay exactly the same no matter if the banker is winning or losing.

Worst Piece of Baccarat Advice #2:

Bet on the Player when the Banker Keeps Winning

A couple of players have offered me another version of the scenario described above. They advised to bet on the player when the banker continues winning.

As I covered above, trend bettors believe that past results can dictate future outcomes. The same thing applies in this scenario because one thinks that they player is due for a win.

We already discussed how the top baccarat bet is the banker hand. And we dispelled the myth that any hand is due for a win since the odds remain the same no matter what.

By taking the player in this situation, you’re merely lowering your chances of winning (1.24%). You need to stick with the banker bet if you want the best possible chance to win.

Of course, the whole reason for playing baccarat is to have fun.

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And if switching between the player and banker bets is fun for you, then by all means keep doing it. I’ve read where this is a common practice.

You’re only giving up 0.18% in the house edge department when betting on the player over the banker.

But don’t be fooled into thinking that the player’s chances of winning are better just because their losing streak will eventually end.

Worst Piece of Baccarat Advice #3:

Play No Commission Baccarat

Given that the banker hand has a slightly better chance of beating the player hand, casinos take a 5% commission from winning banker wagers.

This bet still offers a lower house edge (1.06%) even with the 5% commission taken out. But it mostly evens the odds up and helps the casino maintain a reasonable house advantage.

If you were to eliminate the commission altogether, though, you’d suddenly have an edge over the house.

This is why no commission baccarat is seems so attractive because it offers the illusion of improved odds. In fact, I had a player once tell me that the only reason he was playing at my table isbecause the no commission tables were full.

True to the name, commission free baccarat doesn’t take a commission from banker wins. Instead, it only pays 50% on any banker win where the banker has six points.

This seems like a harmless rule caveat that won’t hurt your chances too much. But it does have an impact because the banker beats the player with a six 5.39% of a time.

Any no commission baccarat with this rule features a 1.46% house edge on banker bets.

This means that the player hand is actually the most attractive in this situation. It also means that you’re better off playing at regular baccarat tables that take out 5% commissions.

Worst Piece of Baccarat Advice #4:

Make Tie Bets when the Payoff is 9 to 1

One of the main baccarat tips is to avoid the tie bet because it has a 14.36% house edge. This makes it one of the worst wagers in all of gambling.

The tie bet normally pays 8 to 1 when you win. And this is when the house edge is 14.36%.

But some casinos offer a 9 to 1 payout on tie bets to make it more attractive.

One time I was at a baccarat table and somebody started talking about how everybody should make the tie wager because the payouts were 9 to 1. They further explained how the payouts are normally8 to 1.

While this much is true, their advice on how everybody should be betting on ties wasn’t great.

9 to 1 payouts lower the tie bet house edge from 14.36% to 4.84%. This is a significant drop, but it’s still now an attractive wager.

If big payouts are what you’re after, then you’re better off wagering 9x as much on a banker bet.

Yes, you’re risking more money to win a 1 to 1 payout. But you’re also facing a house edge that’s over 4x smaller.

Worst Piece of Baccarat Advice #5:

Use the Martingale System

One of the most famous betting systems is the Martingale. And I’ve noticed plenty of baccarat players using this strategy over the years.

I once made the mistake of asking a Martingale user next to me if the system works for him. He then started lecturing me about how I should be using it too.

Originating in 18th century France, the Martingale sees you double your bet following every loss. You make the minimum bet as long as you’re winning.

The Martingale is commonly used on even money bets like baccarat, blackjack, craps, and roulette, where you have almost a 50% chance of winning every time.

The idea is that you can’t lose for too many times in a row when odds are this good. As long as everything goes according to plan, you always win back losses along with a small profit.

You bet $10 and lose.
Your next bet is $20; you again lose.
Your third bet is $40; you win this time.
You’ve earned back your losses along with a $10 profit.
Now you return back to the base bet of $10.

You may have read before that no betting system can overcome the long term house edge. And this is certainly true.

But the Martingale is the only system that theoretically works. As long as you have infinite money and no table limits, then you’d win back your money plus small profits every time.

But the problem is that casinos limit maximum bets on tables. And long losing streaks happen, meaning you eventually won’t be able to doubl