From sticky-floored California card rooms to tuxedo-laden casinos in Monaco, Baccarat is the game of choice for those looking to win big. The rules are slightly different depending on whether you’re playing the Punto Banco or Chemin de Fer version of the game, but the principle remains the same: Bet on a Player hand, Banker hand, or a Tie and hope for the best.

Players sit around a table in counterclockwise order and place their bets. One person is designated as the “banker” who sets an initial amount for all players to play against. Other players can announce they want to “go bank” and add their own bets to the banker’s. However, the total must not exceed the banker’s bet amount.

After the bets are placed, the dealer deals two cards each to the player and the banker. The highest value hand wins. Cards are worth their face value, except for picture cards and tens which count as zero. All other cards are numbered from 2-9, and the ace counts as one point. The value of a hand is determined by its second digit, so a nine is considered the highest hand possible.

The game is played with either six, seven, or eight standard decks of cards. The goal is to correctly predict which of the two hands, or a tie, will have the highest value. The fewer cards used, the lower the house edge and odds of winning.

There are a few side bets in Baccarat that you can place outside of the player and banker bets. These bets can vary by platform or establishment, but usually include a player pair bet, which wagers that the player and banker will receive matching cards on the deal. This bet pays 1:1 odds. A third-card bet is also available, which is less likely to win but can give you an extra chance at a bigger payout.

A few popular Baccarat betting strategies have emerged to help players maximize their profits and minimize losses. For example, the Martingale system involves doubling the bet size after every loss, increasing it by a unit after a win, and adjusting bet sizes as needed to balance wins and losses over time. The D’Alembert and Paroli betting systems are other good options for this game.

Baccarat is an entertaining, exciting, and social game that can be enjoyed at a variety of online casino sites. But as with any casino game, it’s important to know your limits and be sure to gamble responsibly. Using a bankroll and spending limit is an effective way to control your gambling habits. You should also set a win limit, and walk away once you reach it. This will help prevent you from becoming addicted to this unique game.