What is Banker Bet?
The banker bet or ‘banco’ bet is a baccarat wager made in favor of the banker’s hand during any particular round or ‘coup‘. Bettors opt to wager on the banker’s hand or the player’s hand, with three possible outcomes: win, lose and draw. A tied game pays the highest rate, with the banker bet and player bet returning approximately 1:1. Players can opt to bet on either hand in the game, and are not tied to bets on the ‘player’ side.
Banker Bet Explained
The banker bet is one of two possible wagers in each round of the game baccarat. Players can opt to bet on the hand designated as the ‘banker’s hand’, or on the ‘player’s hand’. These do not belong to the banker or player, but instead are dealt to the table for all to see. Players bet on one of the two hands succeeding in that round, and an additional card might be drawn to each hand according to the standard rules of Punto Banco baccarat – also known as the ‘tableau‘ or ‘table’.
When the game is played with the standard eight decks (known as a ‘shoe’), there is a house edge on the banker bet of 1.06%. Like the player bet or ‘Punto’ bet, wins pay out at a 1:1 rate, but for the ‘banco’ bet the rate is adjusted for the standard commission take of 5%. This makes the banker bet a ’19-to-20′ option, slightly worse than the player bet itself. However, the house edge means there is a slightly chance of the banker bet winning each time. Players who bet on the tie instead stand to make 8:1 on their wager (and even 9:1 in some UK casinos), but the high house edge of 14.4% cuts into any profits. Player and banker bets, on the other hand, have some of the lowest house edges across the whole of the casino.