The interesting bit to observe of course is that the casino is taking no risk here; they simply charge a fee from each banker. A number of casinos have installed a smaller version of the baccarat game played on standard blackjack-sized gaming tables. It is played by the exact same rules, but lacks the accoutrements of the formal version. Lacking the formality and large group of players, mini-baccarat is played fast and is a good place to learn how to play. Baccarat is a classic casino game commonly associated with elite high rollers and extravagant trappings. In traditional casinos Baccarat tables are often kept separate from the rest of the casino in a ‘Baccarat Pit.’ The Baccarat table is easy to recognize. Simply place a bet on which of the two hands, Player or Banker, you think will come closer to a total of nine. Baccarat has good odds relative to most casino options, which is one reason it is so popular with the high rollers. Two hands are dealt, and the higher hand wins. Before the hands are dealt, you must place your bet on either the “Player” the “Banker” or the “Tie” bet. The “Tie” bet pays 9:1 if won.Note that there's only one player hand dealt no matter how many players there are, because the "Player" hand isn't really the player's hand, it's just one of the choices you can bet on. The low 1.06% edge includes the 5% commission you have to pay on winning Banker bets. You can bet that there will be a tie between Banker and Player, but this carries a whopping 14.4% house edge. It's more fun to play with more people. Bets can only be changed before a new hand is dealt. The suits of the cards have no meaning in the game.

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