Baccarat Odds: Full Guide about Baccarat Odds & Payouts 2025

Originating from Italy in the 1400s, Baccarat is a pretty exciting card game that has become a fan favorite due to its simplicity and friendly odds. Today, there are many baccarat variants, each with different rules, odds, and payout.

The diversity of baccarat can make it challenging to pick the best game and bet to wager on. But we’ve got you covered. The key to picking winning bets, games, and tables in baccarat boils down to understanding odds, managing your risks, and using the right strategy or betting system.

This guide will break down what baccarat odds are, the probabilities of the common betting options and side bets in baccarat, and how to twist odds to boost your winning chances.

Continue reading to discover the factors that influence baccarat odds and how to tweak them in your favor. But first things first: let’s explore how baccarat is played.

How To Play Baccarat: Baccarat Basics and Rules

In baccarat, players do not play against a dealer. Instead, they simply stake on one of three standard betting options. The objective of baccarat is to bet on the hand that will be closest to 9. To get started, it’s essential to understand the different types of bets available in baccarat and the game rules, as they form the foundation of the game. 

✅ Types of Bets in Baccarat

While there are several types of bets in baccarat, the following are the three standard betting options available in most casinos:

• Banker Bet: This baccarat betting option involves staking on the Banker hand. You win when the Banker hand has 9 or a value closer to 9 than the Player hand.
• Player Bet: This baccarat betting option involves staking on the Player’s hand. You win when the player card is 9 or a higher value than the banker bet.
• Tie Bet: You bet on the Player and Banker’s hands to have the same card value.

✅ Baccarat Game Rules

The following are rules, guidelines, and procedures for playing a game of standard baccarat:

• Punters buy some chips with cash when they walk into the casino to get a seat at the baccarat table.
• The dealer reads the game instructions and rules to punters. 6-14 players make a table depending on the variant you play.
• Punters bet on either the Player, Banker, or Tie hands.
• The dealer deals one card each to the Banker and Player hands. Then, a second card is issued to each hand, after which the dealer opens the cards and calculates the total.
• Each card has a specific value in baccarat. For example:

Ace=1,

Cards with a face number (2-10) retain their values

Face cards (Queen, Jack, King) = 0

• If a card total exceeds 9, the unit digit is retained. For example, a card total of 13 (7+6) now becomes 3. Likewise, if the first two cards of either hand are 10 and 6, the total is 16. The last digit (6) is retained, and the card total now becomes 6.
• If the banker or player bet has 8 or 9 from the first two cards, this is a natural win. The game ends instantly, and the casino pays the winners—otherwise, the game continues.
• If both hands have the same value, that’s a push or tie. The casino refunds the punters. However, you win if you bet on the tie.

To help you understand the flow of the game more clearly, we’ve broken down the possible outcomes into the tables below:

• Both Player and Banker have the privilege of drawing a third card in standard baccarat if the other hand is not a natural win. After all cards are dealt, the hand with the card total closest to 9 wins.
• Drawing a third card has its own unique rules:
  • The banker draws a third card if its first two cards total 0-5. Otherwise, it stands at 6-7.
  • A player draws a third card if its first two cards are 0-5 but stand on 6-7.
  • If the Player draws a third card, the banker also draws a third card based on the value of the player’s third card and its hands. The table below explains when the Player or Banker draws a third card:

Understanding Odds in Baccarat: The Basics

Baccarat odds or probabilities are an estimation of a bet’s winning chances. It is often expressed in percentage and shows how likely a bet is to win or not. Generally, the higher the probability of a bet, the more its chances of occurring, and vice versa.

✅ Odds and Probabilities of Core Betting Options

The following are baccarat odds or probabilities of the three standard betting options in an 8-deck game:

• Banker Bet: It has the highest winning odds (45.86%) in baccarat, and you stand a better chance of winning when you bet on it. However, punters pay a 5% commission to the casino when they win to price in the extra advantage. 
• Player Bet: It has slightly lower odds in baccarat, but punters retain all their earnings when this hand wins.
• Baccarat Tie: These odds are the worst, but pay the most. Read on to find out why.

✅ Baccarat Odds Calculator: Tools to Analyze Your Chances

Keeping up with the odds of all baccarat variants and betting options is an extreme sport. To ease your stress, we have designed a baccarat odds calculator for you. This tool enables you to estimate the mathematical edge of each bet based on the cards in the shoe. All you need to calculate the odds on baccarat is the deck number, amount of cards played, and the house commission. Try our baccarat odd calculator to see how easy it is to use.

Baccarat Payouts: Understanding Returns on Different Types of  Bets

Payout is the money the casino pays you if you win your bet. It represents your profit and doesn’t factor in your original stake. Baccarat payouts are often expressed as ratios and differ for various betting options.

✅ Payout of Various Baccarat Bets

The table below shows the payout of each win in baccarat:

• Banker Win: This ideally offers a 1:1 payout, i.e., your profit is the same as the amount you stake. However, when you factor in the 5% commission the casino takes on banker wins, the payout drops to 0.95:1 or 19:20, so you keep only 95% of your profit.
• Player Win: This pays 1:1 or even money. Thus, you’ll get a return of $10 on a $10 stake, making your total baccarat payout  $20 (profit + stake).
• Tie Win: The tie win pays 8:1. You’ll get an $80 return if you stake $10. Some online baccarat casinos pay as much as 9:1 on the tie bet. While tie bets offer the highest payout, they have low winning odds (9.51%) and are considered risky. Steer away from tie bets if possible.

Baccarat House Edge: Why It’s One of the Best Casino Games

House edge is the amount of money the casino keeps per bet. You can think of it as the casino’s advantage in the long run. It serves as the house’s profit and ensures they don’t lose much if you win a hefty sum.

Baccarat house edges are often expressed in percentages; e.g., a 3% house edge means the casino keeps, or you’ll lose $3 on every $100 bet over time.  The bigger a bet’s house edge, the more money the casino keeps on it, and the less you’ll receive when you win.

House Edge Breakdown by Bet Types

Here is a sneak peek of the house edge of the three standard baccarat betting options:

The baccarat house edge table above implies that: 

• The banker bet has the lowest house edge. Therefore, you get to keep more money from your win in the long run when you bet on Banker hand compared to other bet options. The Banker hand’s favorable house edge factors in the 5% commission the casino gets per win. Baccarat variants without commission on banker wins have a higher house edge (1.42%).
• The tie bet has the steepest house edge of the three baccarat betting options. So even though the tie win pays the most (8:1), its low odds ( 9.52%) and high house edge (14.32%) make it unfavorable in the long run.

Mathematics Behind House Edge in Baccarat

To fully understand the house edge of various baccarat bets and the mathematics behind them, you must first learn the concept of Expected Value. So, let’s get right into it.

Expected Value in Baccarat

Expected  Value (EV) is the money players gain or lose per bet. It is often in the form of a decimal and is obtained by summing the probabilities of every possible bet outcome.

EV can either be positive or negative. A positive EV denotes how much you’ll win on a bet, while a negative EV shows how much you’ll lose in the long run.

House Edge of Banker Bet

This is the amount the house keeps on banker bets in the long run.

The House Edge on banker bet = |EV of banker bet| x 100%

Where the win probability and payout of banker bets are:

EV(on banker bet) = -0.01053

Therefore, house edge = |-0.01053| x 100%

= 0.01053 x 100%

= 1.053% (meaning you’ll lose $1.053 on every $100 bet on the banker hand over time) 

House Edge of Player Bet

The house edge of a player bet is the amount of money you’ll lose or that the casino keeps for betting on the Player hand over time.

Mathematically,

Player bet house edge = |EV|(on player bet) x 100% 

Where the win probability and payout of player bets are:

EV(on player bet)= -0.0124

Therefore, the house edge of player bet = 1.24% (meaning that the casino will keep $1.24 in the long run if you bet $100 on the Player) 

House Edge of Tie Bet

The tie bet house edge is the amount the casino makes from betting on a tie hand in the long run.

Where the winning probability and layout of the tie bet are:

EV of tie bet = – 0.1432

House edge on tie bet = 14.32% (so the casino pockets a whopping $14.32 on every $100 placed on the tie bet over the long run)

Odds on Baccarat: How They Compare to Other Casino Games

The table below shows how Baccarat odds and house edge compared to other table and card games.

From the above table, the baccarat player bet has one of the best odds vs. the house edge of all the table games. This makes Baccarat one of the casino games with the best odds and the ideal choice for higher rollers looking for a low-risk table game that enables them to retain as much of their payout as possible in the long run.

Baccarat Side Bets and Their Odds

Baccarat side bets are extra bets you can place alongside the standard betting options. They add more variety and spice to baccarat games. Side bets are famous for their high payout (as much as 200:1) but have lower winning probabilities and higher house edge than standard bet options.

The table below displays the 10 most common side bets in baccarat and their odds payouts.

• Big or Small/ 4-5-6: The 5-6/Big is a bet on either player or banker to receive a third card. On the other hand, a 4 or Small is a bet on none of the hands to draw a third card.
• Bellagio Match: This is a bet on three cards that belong to the same rank or have the same value. It’s also known as 3 of a kind.
• Perfect Pair: A bet on either player or banker first two cards to form identical pairs (same rank and suit), e.g., a double 7 of Spades.
• Either Pair: This is a side bet on the first two cards of either player or banker to form a pair. e.g. Double 5.
• Banker Pair: This a bet on the first two cards of a banker to form a pair
• Player Pair: This is a bet on the Player’s first two cards to form a pair.
• Lucky 8: Involves betting on the winning hand to have an 8 card total or natural 8.
• Suited 3-card 8: This is a bet on either the player or banker hand to have three cards that belong to the same suit (heart, diamond, spade, club) and have a total of 8.
• Dragon 7: This is a bet on the banker hand to win with three cards that add up to 7
• Panda 8: This is a bet on the Player’s first two or three cards to be 8 and beat the banker.

Baccarat Variants and Their Odds

Baccarat has several variants, each with unique rules, structure, and house edge. Below are the top baccarat variants to watch out for:

✅ Punto Banco

This is the standard baccarat variant and the most common at most live and online casinos. Punto means players, while banker means dealer.

Punto Banco Baccarat features 6-8 card decks and is played by up to 14 players. The game is automatic, so punters’ primary role is to place bets. The dealer oversees other activities like card dealing and the announcement of results. Also, the drawing of the third card is determined by a preset rule. As a result, Punto Banco is luck-based and most suitable for beginners.

✅ Chemin de Fer

Also known as French Baccarat, Chemin de Fer is one of the most popular variations of European Baccarat.

It features 6 card decks, and punters take an active role in the game. One of the punters starts as Banker, and the role shifts around the table. Another punter can decide to match the banker bet fully and automatically becomes the Player. Otherwise, multiple punters can pool funds to match the banker’s bet, and all can act as players. The punter with the highest bet on the Player side decides for others.

Chemin de Fer Baccarat attracts zero commission on the Banker bet, making its payout on banker bets 1:1. Due to its even payout, the house edge of the banker in French Baccarat is slightly higher than that of standard Baccarat but still better than that of the player bet overall.

✅ Baccarat Banque

This is also another form of European baccarat featuring three decks. One punter assumes the role of Banker until the card in the shoe finishes, or they run out of funds. There are two Player hands too (Player  1 & Player 2).

In Baccarat Banque, bettors play against each other and can decide to stake on Banker, Player 1, or Player 2 bets.

Baccarat Banque is famous for its flexible rules. The house may or may not remove the 5% commission. Also, punters can decide to either stand or draw on 0-5. making the game odds and house edge fluctuate regularly. 

This game’s odds and house edge depend on the punters’ strategy and experience level. Thus, the baccarat Banque is worth checking out if you desire a baccarat game where you control the odds and don’t pay any commission.

No Commission Baccarat

In No Commission Baccarat, the casino cancels the 5% commission on the Banker win and pays 1:1. The removal of the commission raises the banker’s house edge to 1.46%. Also, the banker bet pays 0.5:1 when it wins with a total of 6.

✅ EZ Baccarat

In EZ Baccarat, the house charges 0% commission on banker bets. This variant also has a low house edge and one of the best odds in baccarat. It gets even better because this game allows many rare side bets. You don’t need to look too far to play it too. Many of our best sites for baccarat offer top-quality EZ from leading developers. However, there is a caveat. A banker win with a 7 on 3-card results in a push or tie.

✅ Mini Baccarat

The Mini Baccarat follows the rule of Punto Banco. However, it features fewer punters (6-7), making it fast. Mini Baccarat also has a low deposit limit, making it suitable for low spenders. NetBet Casino offers many mini-baccarat variants from top providers you can try out.

✅ Online Live Dealer Baccarat

This baccarat variant allows players to enjoy a real-life baccarat experience without leaving their homes. It features real cards, chips, players, and dealers. Live Baccarat is available in Punto Banco and other European variants, depending on the room you want to play. Check our Mega Casino review for an exciting collection of fast and reliable live baccarat games.

Factors That Affect House Edge and Odds in Baccarat

Although baccarat game odds are fixed, they may vary slightly based on a few factors, such as:

1️⃣ Game Variations

Different baccarat games have different rules, which may slightly alter the winning odds and house edge. For example, Punto Banco has a 1.06% house edge on banker bets, while No Commission baccarat house edge for the same hand is 1.42%.

2️⃣ Deck Size or Number of Decks

The odds in baccarat are based on probability. Increasing or decreasing the deck size changes the number of possible card combinations, slightly altering the house edge and odds on baccarat. 

For instance, baccarat tie odds increase as card decks increase (9.36% in 1 deck to 9.52% in deck games). Similarly, the house edge of banker house edge falls sporadically from 1.06% in 8 deck to 1.01% in 1 deck shoe, making it even more rewarding.

3️⃣ Rule of Drawing

Banker bet has a better house edge (1.06%) and winning odds (44.8%) due to its slightly more favorable third card drawing rule (which allows the Banker to pick a third card whether the Player draws or not). If the casino slightly tweaks the third card rule and forces the Banker hand to stand more often, its winning odds and house edge will change correspondingly.

4️⃣ Amount of Cards Left in The Shoe

Baccarat Bets Probabilities Vs. Amount of Card Left in Shoe for 8-deck Game 

The amount of cards left in a shoe is another factor that may influence the house edge and odds in baccarat. At the start of the game (where the shoe is whole), the baccarat game odds are the same as we know it. However, as more cards leave the shoe, the probability of the Player winning slightly increases while the Banker odds fall. Baccarat tie odds remain constant throughout. The influence of drawn cards on odds in an 8-deck shoe may look negligible. However, this can become more consequential in 1 or 6-deck games.

5️⃣ Card Counting

Although the effects of card counting in baccarat are less prolific than in blackjack, tracking the position of low and high-value cards in a shoe that has not been shuffled can make a difference. For example, correct tracking of cards can give you an idea of the number of royal cards or suited cards remaining in the shoe. Thus, you can leverage this insight to forecast Double Royal or Side Bet Pairs.

How To Optimize Your Baccarat Odds

This section shows you exactly how to turn insights from baccarat game odds into winning bets and profits:

✅ Play Punto Banco or EZ Baccarat

Each baccarat variation has different rules that can turn the odds and house edge in your favor. This is why you must choose games that suit your strategy and experience level. If you’re a beginner, Punto Banco offers predictable odds and requires little to no strategy, making it ideal. Alternatively, experienced players may go for EZ Baccarat, where they have more control of the baccarat game odds, enjoy zero commission on wins, and wager on many side bets.

✅ Make Banker Hand Your Default Bet

Although banker bets attract some commission in many online casinos, they offer better winning chances and house edge than player and tie bets. Thus, you should strive to bet on banker’s hands more often. In contrast, baccarat tie odds are dangerously low and should be avoided, especially if your bankroll is low. You can use our bankroll calculator to estimate the optimum amount to wager per game to extend your gameplay and get the most out of your capital.

✅ Play Side Bet For Fun

While side bets offer massive payouts, the chances of hitting a win are remarkably low. Stick to banker and player bets to boost your winning odds on baccarat. However, if you must try side bets, manage your expectations, and only play for fun after you’ve built your bankroll to a reasonably good extent.

✅ Employ Betting Strategies

Although the best baccarat betting strategies don’t change the house edge and baccarat game odds, they help you preserve your capital, increasing your chances of profit. Common baccarat betting strategies to incorporate into your gameplay include:

• Martingale: This betting system involves doubling your bet when you lose and reverting to the initial bet size when you win. Thus, if you start with $5 and lose, your next bet will be $10. If you lose, your third bet will be $20.  Once you win, you go back to the original bet.
  The Martingale strategy ensures you always recoup your losses in one bet if you suffer a long losing streak. However, it requires a large bankroll to execute. So, it’s best to use it at low-limit tables where the starting bet is often tiny. PlayAmo Casino boasts a robust baccarat library, allowing you to find low-stakes games for as little as $5.
• Paroli: In this betting system, you double your wager when you win and return to your original stake when you lose. If you stake $5 on the Player hand in the first bet and win, you increase your bet to $10 in the second bet. If you win, your next bet is $20. When you lose, you go back to $5.
  The Paroli betting system enables you to capitalize on winning streaks. Its only drawback is the failure to factor in losing streaks. We advise testing the effectiveness of this strategy at any of our best free baccarat sites before committing your hard-earned funds to minimize risks.
• Card Counting: While card counting is barely effective in standard baccarat due to its fixed rules, it comes in handy inside bet forecasts, especially in low-deck games. It is one of the few betting strategies that slightly impact the house edge and baccarat game odds.

✅ Play at Reputable Gambling Sites

To implement your odds knowledge, you need a reputable baccarat betting site. The best baccarat casinos offer several game variants, fair odds, timely payouts, and a secure environment. The Jackpot City Casino is the best baccarat betting site in 2025, with a diverse game collection and an enticing payout. However, Wild Casino is your best bet for great bonuses and smooth gameplay. If you relish live baccarat, check out Karamba Casino, which has several live dealer online baccarat games you can take for a test run.

Final Thoughts: How to Improve Your Winning Based on Odds

Baccarat odds and house edges are not abstract numbers. Instead, they are key metrics that can impact your winning potential, profits, and overall gaming experience. While baccarat odds are generally fixed, they can change slightly depending on your bet option, game variation betting strategy, etc.

To boost your baccarat winning chances, prioritize the banker bet and other standard hands with decent odds. Study each game’s rules before playing, and leverage bankroll management and advanced betting strategies to allocate your capital judiciously. Finally, play on our baccarat betting sites to enjoy a truly satisfying experience and avoid being scammed.

FAQ about Baccarat Odds and Payouts

What Are Baccarat Odds and Probabilities?

Baccarat odd or probability is an estimate of a bet’s winning chances.  The likelihood of Banker and Player winning in baccarat is 45.8% and 44.6%, respectively. Baccarat tie odds are the lowest at 9.51%.

How Does Payout Work in Baccarat?

Payout is the amount of money you get when you win in baccarat. Baccarat Payouts for Banker and Player wins are 0.95:1 and 1:1, respectively. Tie bets have the highest payout at 8:1.

Are there Strategies for Winning in Baccarat? 

Yes. Martingale and Paroli betting systems are efficient for preserving your capital. In addition, card counting can slightly twist the odds in your favor.

What Is the Surest Bet in Baccarat? 

Banker bets have the highest winning probability or odds in baccarat and should be your default bet.

How Can I Calculate Odds in Baccarat?

You can easily estimate baccarat odds with an odd calculator. Using it is simple, too. You must input your card deck, the number of cards left in the shoe, and the house commission into the calculator to get your baccarat odds.

Are There Baccarat Games Where I Don’t Pay Commission? 

Yes. The No Commission and EZ baccarat games do not charge any fee for banker wins.