Baccarat is one of the most popular casino games in the world. It is played with two hands. The objective is to have the hand that is closest to nine.

There are several strategies that players can use in order to increase their odds of winning. One strategy is to stick with the Banker hand bet. This is a good idea because the Banker side has a small advantage. However, the House edge is quite high, which reduces the payout.

In addition to the Banker bet, players also have the option of wagering on the player’s hand. If the player’s hand is the one that wins, they will receive an 8 to 1 payout. Some casinos offer side bets on the banker or player hand being all black or all red. These bets pay out significantly more than the main bets.

One of the first things that you will need to decide when playing baccarat is how much to bet. You can bet as little as $10 or as much as $200. Be careful not to exceed this limit. When a player bets more than a certain amount, the casino may start to charge a commission. Generally, the dealer will apply this commission to the Banker bet.

Aside from the banker and player bets, you can also wager on a tie. In a tie, both the Banker and the Player are required to have the same total. Usually, players will be paid out an eight to one for a tie bet, but it can vary.

Another bet is to bet on whether the Player’s or Banker’s hand will be closer to nine. When this occurs, the Player and the Banker are deemed equal and the hand with the closest value to nine wins the game. With this bet, you will get paid out at a 1 to 1 ratio, but the house edge is slightly higher.

The next step is to pick how many chips to put on the table. A typical table has a place for the player’s chips and a separate area for the banker’s chips. Alternatively, if you are playing online, you can click on a chip value to enter the amount that you would like to wager.

If you are just beginning to learn how to play baccarat, you might want to take a few risk free bets before committing your money. This will allow you to build confidence and learn the game without losing money. As a bonus, you will learn the rules of the game and can practice with new bets. Once you have gained experience with baccarat, you can start to develop your own strategies.

One of the most popular baccarat betting strategies is the 1-3-2-4 system. This system reduces your loss by reducing the number of units you bet. For instance, if you are using a three unit stake, you should only bet two. Using a 1-3-2-4 system can also help you stretch your bankroll across more games.