Description

All three variants operate on the same principle; 2 cards are dealt in alternating order to a hand designated as the Player, and a hand designated as the Banker. Typically the Player hand is played by the person who bet the most on the Player's hand to win. Depending on the variant being played, certain circumstances allow either participant to draw an extra card then the cards are totaled (2s through 9s are worth their face value while 10s and face cards are worth ten points and aces are worth one point). If the total of a hand's cards exceed 10 points, the tens digit is dropped. The hand with a total closest to 9 wins and neither hand wins in the event of a tie.

Punto Banco is the most common variant in North America, but requires no skill and operates solely on chance. Typically played in Casinos, the house always plays the Banker hand (although players may still bet on that hand to win). It is usually played with eight (8) decks of cards shuffled together.

Conversely, Baccarat Banque and Baccarat Chemin de Fer (more common in Europe) allow the players to make choices during the game so a player's skill can affect the outcome. In either of these variants a player may choose to play the Banker himself and the other players play against his 'Bank' (supply of money). In Baccarat Chemin de Fer, the Bank passes when the Banker loses a hand. In Baccarat Banque, a player may remain the Banker so long as he still has funds or until all cards in the shoe have been dealt. Baccarat Banque is typically played with 3 decks of cards while Baccarat Chemin de Fer is typically played with 6. In most cases these variants are played completely in French even in English-speaking areas.

Since the Banker has a slight edge over the Player in his chances of winning a hand, the house taxes all winning Banker bets when played in a casino (typically 5%).