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In Baccarat, "La Grande" and "La Petite" represent two favorable outcomes that occur when the first two cards dealt form a natural hand. "La Grande" signifies a natural total of 9, often achieved when the initial two cards consist of a 4 and a 5 or a 3 and a 6. On the other hand, "La Petite" denotes a natural total of 8, typically formed when the first two cards include an Ace and a 7 or a 2 and a 6. Both "La Grande" and "La Petite" are considered strong hands, resulting in immediate wins for the players who hold them.