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What is the payout for winning on the banker's hand?
Winning bets placed on the banker's hand in baccarat have a slightly different payout compared to the player's hand due to the commission or vigorish applied by the casino. The standard commission on winning banker bets is typically 5%.
When you win a bet placed on the banker's hand, the payout is usually 1:1, but the commission is deducted from your winnings. This means that you receive your original bet back along with a 1:1 payout, minus the commission.
For example, let's say you place a $100 bet on the banker's hand, and it wins. Assuming a 5% commission, the casino would deduct $5 (5% of $100) as the commission. Therefore, your payout would be $95 ($100 original bet + $95 winnings - $5 commission).
It's important to remember that the commission is collected only on winning banker bets, and it is typically settled at the end of the shoe or a predetermined number of hands. The commission is applied to ensure the house has a slight advantage in the long run.
Winning bets placed on the banker's hand in baccarat have a slightly different payout compared to the player's hand due to the commission or vigorish applied by the casino. The standard commission on winning banker bets is typically 5%.
When you win a bet placed on the banker's hand, the payout is usually 1:1, but the commission is deducted from your winnings. This means that you receive your original bet back along with a 1:1 payout, minus the commission.
For example, let's say you place a $100 bet on the banker's hand, and it wins. Assuming a 5% commission, the casino would deduct $5 (5% of $100) as the commission. Therefore, your payout would be $95 ($100 original bet + $95 winnings - $5 commission).
It's important to remember that the commission is collected only on winning banker bets, and it is typically settled at the end of the shoe or a predetermined number of hands. The commission is applied to ensure the house has a slight advantage in the long run.