Casino game with option to bet on bank or player
Learning to count cards can give the player a 1-2 percent edge over the casino. Card counting is a skill that takes practice to master. It is not illegal, but counters must disguise their skills or they can be barred from playing. In new jersey, you can't be barred, but they can force you to flat bet or shuffle up on you if you are caught. The craps don't pass/don't-come in the game of craps is just slightly better than the pass line bet. The house edge is 1.14 percent. You can lower this to .59 percent by laying double odds. Most players, however, like to bet with the shooter on the pass line.
The 10 best casino bets for players
The best casino games to play are the ones with the lowest house edge or ones where the player has an advantage. Some bets are better than others. Here are the 10 best bets and games to play in the casino.
Casino poker
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Poker is a game of skill which is a big factor in determining the winner. The players are competing against each other and not against the house. There is no house edge except for a small amount that the casino takes out of each pot. Learning how to play the game properly will give you a big advantage over less knowledgeable players.
Blackjack card counting
Learning to count cards can give the player a 1-2 percent edge over the casino. Card counting is a skill that takes practice to master. It is not illegal, but counters must disguise their skills or they can be barred from playing. In new jersey, you can't be barred, but they can force you to flat bet or shuffle up on you if you are caught.
Video poker
Video poker is another game of skill that has a small house edge if you make the correct playing decisions. Some video poker games offer over 100 percent payback to players utilizing perfect mathematical strategy. Many machines have a small house of less than a half of a percent. The house edge is determined by the paytable and a player can determine the payback of the machine by reading the schedule.
Blackjack basic strategy
Playing blackjack basic strategy will lower the house edge to less than one percent. The house edge is based on the number of decks used and the rules of the game. A player can determine the house edge from this information. With basic strategy, you are basing your decisions to hit split or stand on set rules based the math of the game.
Craps don't pass/don't come
The craps don't pass/don't-come in the game of craps is just slightly better than the pass line bet. The house edge is 1.14 percent. You can lower this to .59 percent by laying double odds. Most players, however, like to bet with the shooter on the pass line.
Craps passline/come
The craps passline and come bets in the game of craps offer a low house edge of 1.41 percent. You can lower it to less than one percent (.61) if you take double odds on your bet.
Pai gow banker
When playing pai gow, a player may choose to act as the banker during the game. When you bank the game you pay a five percent commission to the house. You win the bet of any player you beat. Pai gow requires skill in the setting of the hands but a skilled player can gain the advantage over a less knowledgeable player.
Baccarat banker
The banker bet in baccarat has a smaller house edge than the player bet but it requires you to pay a commission when you win. The house edge is 1.06 percent for the banker bet.
Baccarat player
The baccarat player bet is also a good bet with a house edge of only 1.24 percent. The baccarat bets a player wants to avoid is the tie bet which is one of the worst bets you can make.
Craps place 6 and 8
Placing the six and eight at the craps table is one of the best bets in the game. The house edge is only 1.52 percent. The 6 and 8 are rolled more frequently than any number other than the 7.
How much of a bankroll do you need?
- A common question I get from aspiring professional advantage players is how much of a starting bankroll do I need to become a professional advantage player?
- Stated another way, they want to know the minimum amount of a bankroll they need to give them a good chance of success.
- The simplest answer is an infinite bankroll. But since most players don’t have an infinite bankroll we have to find more reasonable answer. However, there is no straight forward answer to this question and its answer is different for each person.
- There are certain things to consider when you are answering this question. In short, it depends on severable variables.
The 3 things you need to to know in order to decide about your bankroll size are:
- Your advantage over the house.Your risk tolerance.
- What betting criteria you are using.
TIP 1: YOUR ADVANTAGE OVER THE HOUSE
The first tip is depends on the particular game you are playing. Determining your advantage a complicated task and varies depending on the type of advantage play you are executing. Blackjack is the most common game where an advantage play can be executed but it is not the only game. Roulette, three card poker and to some extent craps all are beatable if the player is skilled enough.
The theoretical advantage a player obtains is often a result of long hours of thinking and even longer hours of computer programming and simulations. Even a 1% advantage over the house is considered a massive edge. But some plays can yield the player an advantage in the neighborhood of 3%. Anything beyond an advantage of 3% a player requires no more than 75 units. I always caution on being more conservative when determining our advantage. Even the most brilliant AP knows that simulation is always better than the actual execution. There are unknown error factors that are not accounted for in the simulation. Computers are perfect, human play is not.
TIP 2: YOUR RISK TOLERANCE
How much a risk is the player willing to take when trying to beat the casino? For instance, if a player has $10,000 to play with they can bet it all on one roll of the dice or all on one hand of blackjack. The result of this is essentially a coin flip- A 50-50 shot at doubling your bankroll or losing it all on one round of play. Most people see this as too much of a risk. The next option is to take that $10,000 and divide it into two rounds of $5,000 each. This is still very risky because losing two in a row is pretty common. But this is less risky than one hand of $10,000 but still too risky for most players. The point is the more units you divide your initial bankroll into, the less risky your play will be. This is why when you have an infinite bankroll your risk tolerance goes to zero. This is why a casino has an advantage over the player, because they have an infinite bankroll.
The graph below illustrates the relationship between the number of units required given a specific advantage and defined risk tolerance.
TIP 3: WHAT BETTING CRITERIA YOU ARE USING
The most mathematically centric betting criteria in gaming is the kelly betting criteria. The kelly criteria is well known in gambling theory and is a formula used to determine the optimal size of a series of bets. Simply stated the kelly bet amount is the optimal bet amount for maximizing the expected bankroll growth while minimizing the risk. The objective for a kelly betting scheme is to double the bankroll in the minimal amount of time. The full betting kelly criteria dictates 222 units. Most players play to a fractional kelly unit of either ½ or 1/3. This is 445 and 667 units respectively. The latter of a 1/3 kelly unit yields a 98% chance of doubling your bankroll while yielding a 2% chance of a risk of ruin; this means you lose your entire bankroll.
The way the kelly function is set up is it sizes the betting unit the total bankroll. If the player has a $35000 initial bankroll than the betting unit is $50 (rounding up to 700 units for simplicity). But when player has a good session and wins $5000 then the original unit size of $50 is no longer optimal, and they are under betting given the increased bankroll. Similarly if a player takes a hit in a session and loses $5000, the initial betting unit of $50 is again no longer valid. The player is now over betting their bankroll. In either instance the dynamic nature of kelly betting is logistically impossible to implement. To be precise the player would have to resize their betting unit after every win or loss. To bypass the logistic difficulty a general rule of most players is to resize the betting unit after a predetermined bank roll swing. A 25% or 30% swing in a positive or negative direction justifies a resizing of the unit.
SUMMARY
There is no easy answer to what is the minimum starting bankroll a player needs to become a winning player. Several things come into play. Here we have touched on a few aspects that come into play when making the determination.
Determining your advantage is a complicated task and the player must be confident in their calculations because this is a big part of the equation. Being off by even 0.5% can take a positive game to a negative game. Next is the risk tolerance that a player chooses to adhere to. The higher your risk tolerance the less of a starting a bankroll the player you need.
If the player chooses to go the strict mathematical route the kelly criteria is the best route to take. There are resizing considerations that must be taken into account. Adhering to these three things will give the player a good foundation on to determining what their starting bankroll should be.
Baccarat game odds
Baccarat is a casino game that offers relatively good odds for players. Playing the game is fairly simple because there are only three different wagering options, and each hand is played according to a fixed set of rules. Read more to learn which bet offes the best odds - you may be surprised.
Article highlights:
Baccarat is popular with players because of its simple betting options, fast gameplay, and favorable odds.
Types of bets
To the first-time player, baccarat may seem like an intimidating game reserved only for those sophisticated enough to understand its nuances. While it is a popular game amongst high stakes players, it actually is quite simple to play. A player is responsible for making only one decision, whether to put their chips in the table area marked 'player', 'banker', or 'tie'.
Betting odds
The rules of play in baccarat have been carefully constructed to produce a small, yet measurable advantage for the house for both player and banker bets, and a steep jump in advantage for tie bets. Complex calculations are used to determine that the banker will win 50.68% of all non-tie hands and the player 49.32%. Using 100 credits worth of bets against these percentages shows that you can expect to lose 50.68 and win 49.32. The difference between the two is 1.36, hence a 1.36 house edge against the 'player' bet.
So why then does the banker bet offer no real house advantage if it wins more than half of the time (50.68%)? Well, casinos are definitely aware of this advantage. If they allowed the game to be played while giving up an edge to players, they wouldn't make any money. Casinos have taken this odds discrepancy into account, and made adjustments to tilt the advantage back into their favor by way of a 5% commission on winning banker bets.
The banker bet odds can be calculated as follows: let's say you are wagering 100 credits. Taking into account the 5% commission on winning banker bets, you will win 0.95 credits for every one credit wagered. Expecting to win 50.68% of the time, multiply 0.95 by 50.68 and you get 48.15. You still can expect to lose 49.32, and the difference is 1.17, resulting in a 1.17% house advantage.
Tie bets happen approximately 9.55% of the time, meaning the true odds of a tie bet are 9.47 to 1. Dividing 9.55 into 100 gives us 10.47 and taking into account the fact that you will receive your original wager back, the proper odds are 9.47 to 1. So, winning a tie bet should have you winding up with 10.47 credits, but instead you wind up with 9. Dividing the difference, 1.47, into 10.47 gives the house a 14.4% advantage. You might be tempted by the 8 to 1 payout, but the odds on this bet are unfavorable compared to the banker and player bets. Logic dictates that despite the 5% commission attached to winning the banker bet, it still offers the most favorable odds in baccarat, and over time you can expect to lose less by utilising this option.
Game odds articles:
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Baccarat strategy – play baccarat games like a pro
Let’s get one thing straight – there is not one single surefire baccarat strategy guaranteeing you wins. Anyone who claims they have cracked the baccarat code is either a trump supporter who yells at kids to get off their lawn or a self-righteous and self-proclaimed “expert” lacking the bankroll to back up him boasting his uncanny skill and technique. And although there’s not really one foolproof strategy per se, considering how much based on the chance the game is, there are some rules you can follow to ensure a pleasant time at the baccarat table.
How to play baccarat – the rules in a nutshell
First and foremost – learn the mechanics of the game. Make sure you know the rules, how the cards are dealt and what their value is. It can be boring learning all the intricacies like when the player stands and when the banker hits but if you’re betting your money, you need to have a complete understanding of what’s going on.
Despite the fancy suited high-rollers we’ve come to associate with baccarat, it doesn’t take the intellectual prowess and deductive reasoning of a british secret service agent to ace it. In fact, this is probably the most straightforward game you can play at a casino. Despite all the prestige surrounding the game, it’s really nothing more than a coin toss, so once you’re familiar with the terms and bets, you’re all good to go. To prep you up for a night at a glitzy land-based casino or a game at an online live table, here’s a crash course on how to play baccarat.
Baccarat is played at large kidney-shaped tables that can sit 12 players and two dealers, plus a caller. In front of every player, there are two fields – player and banker. Each player places their bet before the cards are dealt and chooses whether their wager goes to the player hand or the banker hand. There is also a third option – tie if the player and banker’s hands have equal value. The version of baccarat played at american casinos is called punto banco which stands for player and banker. After all players have placed their bets, the player and the banker are each dealt two cards. The hand that wins is the one that’s closer to a total of 9. So, if the player hand is 8 and the banker hand is a 3, the winning one is the player and all punters at the table who have placed bets on the player hand, win. If the hands are equal, it’s a loss for everyone who has bet on player / banker and a win for all that have bet on a tie.
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The good, the bad and the player – baccarat bets to make and avoid
The first step towards winning is to avoid the tie bet. Not that we don’t like it or anything but if you’re in it to win it, then wagering your money on a bet with a 14-percent house edge is not exactly a surefire winning strategy. Next, you need to know the odds – although it seems pretty straightforward having only two options to bet – either player or banker, there are slightly different odds for the two as follows:
- Banker – 45.843%
- Player – 44.615%
- Tie – 9.543%
*there’s also a commission on the banker bet so make sure you’re familiar with these before placing a wager.
The banker bet
With its higher odds, the banker bet seems like the most reasonable choice when designing a baccarat winning strategy. Experts will advise you to bet your money on it because it has been estimated that it will win more than 50% of the time – one of the reasons casinos add the 5% commission on it. Despite this being added, it’s still a preferred choice for many players – both newbies and seasoned pros who swear by it. Experts will also recommend that you keep betting on banker until it loses as it has a better chance for winning streaks and that you wait for at least one bet after a banker loss before switching to player.
A good thing to always keep in mind is that hot/cold tables and winning/losing streaks are pure myths born by the gambler’s fallacy that in even odds bets after many consecutive outcomes of the same results, the opposite one is just bound to happen. There’s absolutely no mathematical or any other proof of such co-dependency so we advise that you don’t employ such practices.
| Outcome | combinations | probability | banker bet return | player bet return | tie bet 8 to 1 return | tie bet 9 to 1 return |
|---|---|---|---|---|---|---|
| banker wins | 2,2922,252,566,437,888 | 0.458597 | 0.435668 | -0.458597 | -0.458597 | -0.458597 |
| player wins | 2,230,518,282,592,256 | 0.446247 | -0.446247 | 0.446247 | -0.446247 | -0.446247 |
| tie | 475,627,426,473,216 | 0.095156 | 0 | 0 | 0.761248 | 0.856404 |
| totals | 4,998,398,275,503,360 | 1 | -0.010579 | -0.012351 | -0.143596 | -0.048440 |
*baccarat odds
The player bet
Although the banker bet is typically assumed as the better option, it’s a bit different when you’re using a strategy. Considering the commission on the banker bet, it will be less lucrative when you’re using progressions. Let’s say, you’re playing martingale – you are doubling your bet after every loss. After four consecutive losses at a 10-unit wager, you’ve lost 150 units (10 + 20 + 40 + 80).
You bet on banker again and this time you wager 160. Finally, you win and the total payout is 304 units. That’s the 160 stake plus the 160 win, minus the 5% commission. The total amount wagered was 310 (10 + 20 + 40 + 80 + 160) which means that even though you’ve won, you haven’t covered your losses and due to the negative progression and the bet commission, your net loss is 6 units. A similar streak of losses while betting the player hand would have given the expected 1 unit of profit, that is 10. Despite its lower odds, it’s the better option when playing with systems.
The tie bet
House edge calculator
Baccarat is known as the casino game with the lowest house edge, however, the tie bet can definitely tarnish its reputation. The banker is recommended for its low edge of 1.06%, the player is also a good option with a house edge of 1.26% and then there’s the tie bet – standing at the staggering 14.4% house edge, defying logic and critical thinking. Naturally, it’s not a good call to place your money on a bet that has less than 10% odds and the possibility of paying back only 14 units per very 100 units wagered. That’s why the most logical thing would be to avoid it and play as if it doesn’t exist. A tie is a push, so your wager will just wait for the next round. If you’re following a streak and you get a tie, simply don’t count it and keep playing accordingly.
Practice baccarat for free
You can test this experts’ advice in our demo game and see for yourself whether betting successively on banker yields the highest winning potential. Play for free baccarat by pragmatic play and use its features to hone your betting strategies. The game follows standard baccarat rules and has payouts as follows:
- Player win – 1:1 (even money)
- Banker win – 0.95:1 (with 5% commission)
- Tie – 8:1 (in case of tie, banker bet and player bet are push)
Played with eight decks, this version keeps history of the last twenty results indicating B for banker, P for player, and T for tie. You have also options to rebet or place different bets before each new deal. With a betting range of 1 – 100 and 500 free credits, the game will also allow you to test out some of the progressive betting systems described below.
Using betting systems in baccarat – it’s not stupid if it works
Some practices used in other table and card games can also be applied to baccarat. Both simple strategies like the D’alembert and more sophisticated ones like the labouchere system can serve your purpose of beating the odds at baccarat. Positive progression systems like the parlay and paroli or negative progressions are also applied by players. To find out how you can use popular betting systems like the fibonacci progression or the 1-3-2-6 system, read more details about baccarat betting systems on our dedicated page.
Positive progressions
Using a positive progression system means that you increase your bet every time you win and reduce it after a loss. Positive progressions are considered to be less damaging to your bankroll than negative progression betting systems. They are supposed to help you maximize your winnings if you go on a lucky winning streak and keep your losses to a minimum if you end up having consecutive losses. In theory, they do make sense and it is possible to win more money if you get a series of winning outcomes and soften the blow to your wallet in case of several consecutive losses. Positive progressions do not influence your chances of winning or losing a bet and are generally no risk at all.
Negative progression systems
Negative progressions are just the opposite of positive progression systems and can actually be harmful to your bankroll. In essence, they postulate that you should increase your wager after every loss and reduce it after a winning bet. At first glance, they seem logical and it’s easy to see why some gamblers will be tempted to try them. The theory behind them is that when you increase your bet, eventually your win will be big enough to cover your losses.
A closer look at how they work will reveal all the problems about such betting practice. There’s a very real risk that you will eventually run out of money, especially if you’re doubling your bet. Besides, there’s the bet limit of the house you need to consider – even if you have enough money to keep betting, the cap of the bet amount will prevent you from placing a wager big enough to cover your losses. Unless you’re very experienced and know exactly what you’re doing, such systems can be a recipe for disaster.
Flat betting strategy
Unlike positive and negative progression systems where you have to alter the amount of your bet, a flat betting strategy for baccarat means that you will be repeatedly placing the exact same wager in successive rounds of play, regardless of whether you lose or win. This approach is considered advantageous due to the lower risk in case of a losing streak. But how can you win more using a flat betting strategy? The best way to profit from the flat betting strategy is to determine correctly which hand will win, banker or player, with the accuracy higher than 50 percent. Using the flat betting strategy means that you will place the same amount of bet on every hand. While this is an effective way of minimizing the risk, it doesn’t guarantee big wins. It’s useful if you’re still getting used to the game and not very certain of the rules.
What are the benefits of using the flat betting system instead of the negative or positive progressions?
- Flat betting offers higher chances of actually making a profit.Since you don’t double or increase your bet in flat betting, there’s a smaller risk of overspending. Not adding more money to your wager reduces the risks of bigger losses and presents a better chance of making a profit.
- You can bet more. Flat betting gives you the option for more bets at a lesser value since you don’t double the wager neither after a win, nor after a loss, the way you would in progression systems. You can bet more money because you won’t make big losses due to doubled bets.
- You can use it if you’re not very well versed in the rules. Flat betting is suitable for beginners because of its simplicity and lower risk. You don’t need to make calculations and you can apply it even if you’re not familiar with the rules like drawing additional cards.
If you’re interested in figuring out a way to beat the house, flat betting is the only way to do it without the risk of losing more money than you can afford. Experts advise against using negative progressions and are sceptical about positive progressions as well, so it’s not a good idea to chase after other strategies if you can gain an advantage over the game by using the flat betting system. It doesn’t guarantee a sure win but it is an effective way to increase your odds if you manage to predict the outcome of the round. Even if you don’t, you don’t risk losing a lot of money.
| Round | win/loss | bet | result |
|---|---|---|---|
| 1 | win | $1 | + $1 |
| 2 | win | $1 | + $2 |
| 3 | win | $1 | + $3 |
| 4 | loss | $1 | + $2 |
| 5 | loss | $1 | + $1 |
| 6 | loss | $1 | 0 |
*flat betting example
Card counting in baccarat – close to impossible but still an option
Card counting has gained enormous popularity at blackjack ever since edward E. Thorp published his 1964 bestseller beat the dealer. It’s a method that has proven to be lucrative for players who have used it successfully to beat blackjack. But of course, it’s not just the players that caught on to it – the casinos are well aware of it and now blackjack tables are the most closely watched ones, with suspected card counters often being barred from betting or asked to leave the premises. But gamblers won’t let their practice go to waste so they turn to the next best thing where they can continue to hone their skills – baccarat.
Yes, baccarat card counting is a thing and might as well be the reason why baccarat is likely to replace blackjack as the most popular casino game. Although theoretically, you can beat baccarat by counting cards, the edge you get will be so small that it might not actually be worth your time, considering how much more complicated than card counting at a game of 21 it is. Still, if you have the time and dedication to try and learn it, we have the complete baccarat card counting guide to help you.
Money management is crucial
If you decide to use progression systems, you need to exercise strict control over your budget. Any system that requires you to increase or double your bet is a pitfall that you’ll have hard time getting out of. Whatever systems you’re using to play online baccarat at the best online casinos, be it the paroli, martingale, parlay or any other, never spend more money than you set out to. Baccarat is a chance-based game, you can never predict with certainty whether you will have a winning or a losing streak. Don’t go chasing your losses and remember the golden rule – quit while you’re ahead.
- Mastercard
- Visa
- Skrill
- Paypal
- Applepay
- Paysafecard
- Neteller
- Entropay
- Fast bank transfer
- Bank wire
- Cheque
Plan your budget – decide on your wager and put a limit on the total sum you’re willing to bet. If you decide to make your wager $10, allow yourself a $200 bankroll and if you lose it all, simply walk away. Take time until the next session. It’s nice to leave the table a winner, but gambling is inherently unpredictable. The worst strategy would be to start chasing your losses or fall for some of the erroneous motivators behind gambling like:
- Near misses: being very close to winning but not actually winning and continuing to wager with the assumption that the next round is due to be a win.
- The illusion of control: being able to roll the dice, spin the ball at roulette, or squeeze the cards in baccarat will give you a false sensation of exercising control over a game purely based on luck.
- The gambler’s fallacy: the wrong and unsupported conviction that after a series of the same result or a losing streak, the next one will be lucky and with the winnings, you’ll be able to even out.
Having fun and staying in control is the best strategy
All of these are misconceptions that are actually the first signs of compulsive gambling. We have an innate aversion to loss but we have to accept that in a tight game like baccarat, the chance is the deciding factor. Stop playing when you’ve spent your budget, regardless of whether you’re winning or losing and give yourself some time before you go back to playing. If you’re winning, split your win in half and use only that to keep playing. Even if you lose it, you still walk away with a profit. Remember that gambling is an entertaining activity – enjoy the fun and social aspects of it and stay in control of your bankroll. Now, that’s a strategy that always works.
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