Lessons I Learned From Losing at the Baccarat Table
Baccarat can be a boring game. But personally, I like to play it more than most casino games, because I’m more concerned with the return numbers than playing an exciting game. Sadly, even though baccarat is better in the return department than most games, it’s still a losing proposition in the long term.
I’m going to share seven important lessons I’ve learned from playing baccarat and losing. These lessons aren’t going to help you win when you play baccarat, but they can help you improve your results.
The bad news is that there aren’t many better options in the casinos than baccarat. So, you need to learn how to play real money baccarat the way that gives you the best chance to win.
Big Table or Little Table Baccarat
I’ve played baccarat on big tables and on the tables that are the same size as blackjack tables. And while the way the game is dealt is a little different and the amount of involvement the players have is a little different, the games are the same in the end.
I prefer the small table baccarat game a little better, but I can play either option. The odds of winning and the return numbers are the same for each of the three bet options on either table. The tie wager is bad on either table, the player wager is decent on both tables, and the banker option is the best way to go on either table.
The only thing I look for when I play baccarat now is if the casino is running a special reduced commission on the banker wager. If you can find a baccarat table offering less than 5% commission on the banker wager, you can play with close to a 100% return. That’s why these promotions are rare.
The return to player number for the banker wager, even after the casino takes their commission, is almost 99%. The actual number is 98.94%, but this is close to 99%. This makes baccarat one of the top games in the casino.
In a different section, you’re going to learn how baccarat compares to other casino games. In this section, you’re going to learn an important lesson about short-term variance.
Another name for short-term variance is luck, but this isn’t a good name. Luck is a word that leads some gamblers to believe they have a better chance to win than they really have.
Instead, everything about baccarat and other casino games is based 100% on math. Luck doesn’t have anything to do with it. But this doesn’t mean that you can’t win sometimes, especially when you play a game with a high return.
For example, you play baccarat 10 times and bet a total of $1,000 each time over the course of several hands. Here are your results:
- Lose $200
- Lose $250
- Win $50
- Lose $175
- Win $125
- Lose $125
- Lose $250
- Win $100
- Lose $175
- Lose $125
Over the course of 10 baccarat sessions, you won three times and lost seven times. Overall, you lost a total of $1,025 on $10,000 total in wagers. This is very close to what you can expect.
What I want to point out is that you still won 30% of the times you played. This is why short-term variance is important when you play a game with a high return.
You can sometimes win when you play, but in the long run, you’re still going to lose.
Is Live Baccarat Better Than Mobile and Online Gambling?
I’ve played enough live baccarat, online baccarat, and mobile baccarat to know that the games are all the same. You can play more hands when you play online or mobile baccarat, and you can make smaller wagers in mobile and online casinos. But all in all, the games are the same.
I prefer to play baccarat in a land-based casino, but I still play quite a bit online. You’re going to learn why I play online later on in this article.
I mentioned earlier that baccarat is boring. It’s even more boring online and in mobile casinos. At least there are other players to talk to when you play live baccarat. You don’t even have this opportunity when you play virtual baccarat.