Concepts 13: Baccarat Vs. Non-Commission Baccarat – Why does a Banker Win on 6 Pay Half?

Why does a Banker win on 6 pay half? If you have ever wondered about this, you are not alone. This table shows the Probability and House Edge for Baccarat (where Banker wins pay 0.95:1). Notice the House Edge on Banker (in bold):  Wager  Permutations  Probability  Break-Even House Edge  Player   2,230,518,282,592,260   0.4462466093                                             1.02768                                          0.012351  Banker   2,292,252,566,437,890   0.4585974226                                             0.97307                                          0.010579  Tie      475,627,426,473,216              0.09516                                             9.50906                                          0.143596  Total   4,998,398,275,503,360 The House Edge means, theoretically in the long-term, for every dollar wagered, a player is expected to lose 1.05 cents. This is a table with the House Edge on Baccarat, comparing what the House Edge would be if Banker were paid half on wins of 1 to 9: Banker Win On: Permutations Probability Banker Win on Any Other Result Player Win Difference House Edge 1         24,291,119,898,624 0.004859781                  2,267,961,446,539,260                  2,230,518,282,592,260 –   49,588,723,896,320.0 -0.009920923 2         44,681,581,871,104 0.00893918                  2,247,570,984,566,780

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