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"Given that baccarat is a very simple game, it's the betting that makes things interesting. Almost all betting techniques are based on the three main bets, but you can choose various bets to change the dynamics. Below, you can find the odds, payouts, and house advantages for each popular baccarat bet. Keep in mind that just because a bet has high payouts doesn't mean it will pay out frequently. The importance of the banker's edge is unparalleled, and each baccarat strategy we'll discuss later is designed to put this concept front and center.
**Player Bet:**
As with the other two primary bets, the Player bet is self-explanatory. This bet pays when the Player wins, which happens if the Player's hand is closer to 9 than the Banker's hand. The odds for the Player bet are 44.62%, and they pay even money. It has a house edge of 1.24%, one of the lowest in casino games.
**Banker Bet:**
The Banker bet operates the same way as the Player bet but pays when the Banker wins. The odds for a Banker win are 0.95:1, with a payout of 45.86%, making it the highest in the game. Its 1.06% house edge makes it one of the lowest house edge bets in both online and land-based casinos.
**Tie Bet:**
As the name suggests, this bet pays when the Player and Banker have hands of equal value, resulting in a tie. The Tie bet pays 8:1 with odds of 9.52%. Its high house edge of 14.36% makes it a bet that most players tend to avoid, although some may find it entertaining and try it occasionally. It's not generally recommended to make Tie bets unless very infrequently.
**Player Pair:**
Also known as the P Pair, this side bet pays when the Player's hand consists of a pair. The odds for this bet are 11:1.
**Banker Pair:**
Also known as the B Pair, this side bet pays when the Banker's hand consists of a pair. The odds for this bet are 11:1.
**Either Pair:**
Also known as the Either Pair, this side bet pays when either the Player or the Banker receives a pair. The odds for this bet are 5:1.
**Perfect Pair:**
This side bet pays when either the Player or the Banker receives two identical cards. The odds for this bet are 25:1, but in rare cases where both sides have a perfect pair, higher odds may be offered.
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