Baccarat Money Tips
Baccarat seems at first glance like a game for high rollers, but it may deserve a second look. With proper money management and under the right circumstances, nearly anyone can play baccarat. If you're going to give baccarat a try, here are a couple of money management tips to consider:
Baccarat Money Management Tip No. 1
Baccarat Is a Low Risk Game Long Term, High Risk Short Term
Baccarat is a game with a minimal House edge. If you bet on the banker, the edge is only 1.06 percent, meaning you can expect to lose a dollar on average for every hundred dollars played.
Unfortunately, because Baccarat is a high stakes game, the volatility level is also high. A streak of ten losses could result in a loss of $1,000 at $100 a hand. Over a thousand hands, a player may only find himself up or down a hundred or two.
However, it will require an extremely large bankroll to get there. If you have such a bankroll, high stakes baccarat may be for you. If not, look for a mini-baccarat game or play online. This will allow you to wager enough to catch up to the odds without having your bankroll obliterated in a few hands.
Baccarat Money Management Tip No. 2
Mind Your Commissions
In baccarat, you pay a five percent commission on winning banker bets. Since it makes good probabilistic sense to bet on the banker, you should be prepared to pay this commission.
However, the House will usually not collect the commission after each hand, but rather keep track of and collect at the end. Make sure you have enough money left over to pay the commissions or things could get complicated.
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