Baccarat is a casino card game that has captivated the imagination of many gamblers. It is played on a large table in high-roller rooms of casinos and has a distinctly ritualistic feel. There are from seven to 14 seats for players, and two hands of cards are dealt. A player or banker place a bet before the cards are dealt, and players can make various side bets in addition to wagering on the outcome of a hand.

While the game may seem complex, it is quite simple to play. Players choose to bet on a hand winning, the banker’s hand winning or a tie. Once a bet is placed, the cards are dealt and the winner determined. The rules differ slightly depending on the type of baccarat being played.

When a hand’s total is close to nine, the winner is declared. However, it is important to note that a total of more than nine only counts if the number has a double digit. For example, if a hand contains an 8 and a 7 for a total of 15, the second number counts as the score (not the first). This is also true when a combination of two numbers adds up to more than nine: for instance, an eight and six makes 15.

The game has become popular in Japan, where it was introduced in the 19th century. It would go on to win medals at the Great Exhibitions of the time, attracting customers from around the world. In the early 20th century, it gained widespread popularity in France and Italy, where a version of the game became known as mini-baccarat.

Those who correctly bet on a winning player hand receive a payout of one to one. Those who bet on a winning banker hand must pay a commission, which is usually set at 5%. This reduces the payout odds to 19 to 1. A winning Tie bet, on the other hand, pays out at 8 to 1 and has a very high house edge of 14.1%.

A player can use various betting systems to maximize their chances of success at baccarat, including the 1-3-2-6 system. This strategy allows players to make bets that are smaller than their bankroll, reducing the amount they can lose during a losing streak. Another option is the 1-3-2-4 system, which uses the same approach but reduces the final bet by two units.

Baccarat also offers side bets with different payouts and house edges. It is important to know how each bet works before making a decision. Players should consider the payouts and risk before placing a bet, and should always compare them with other common baccarat bets to see which ones are best for their bankroll. A good rule of thumb is to only spend money you can afford to lose. This will help to keep gambling a fun and enjoyable experience.