Baccarat is one of the oldest casino games around and is claimed by some to have roots back to the 15th century. There is no doubt that it is a classy game which has found as much favor at online casinos as it has offline ones. It now rivals online blackjack and online poker in popularity.
It is, therefore, no surprise to see that the best NJ online casino sites offer baccarat to their players. Resorts Casino in New Jersey is one such site and provides players with a safeand fun place at which to play. Although baccarat is easy to pick up, it does come with a few unique features that you need to know. The Tie bet is one of them.
But what is it and when should you play it?
What is a Tie bet in baccarat?
To understand this, you first have to know how baccarat works. In this game, the Player and Banker compete to see who ends up with the hand closest to 9. But what happens if both the Player and Banker have the same value hands?
That is where a Tie bet comes into play. As the name suggests, the Tie bet allows you to predict that the outcome of the next hand will be a Tie. So, if the Banker has a total of 6 and the Player has as well, you will win the bet.
When might you place a Tie bet in baccarat?
For many players, the time they might place this kind of bet is when they are looking for a good payout. Tie bets usually come with odds of 8:1 and this means that you can win big at baccarat if they do come up.
It is also possible to use a Tie bet with a betting system like Martingale in order to make it work for you. This means betting one unit of your bankroll eight times in a row on the Tie (as the payout is 8:1) and then doubling this up for the next eight and so on. While this might need a large bankroll, it should payout eventually leaving you in profit.
Be careful with Tie bets in baccarat
While there are some instances where using this bet could make sense, you should be careful with it. Out of the three bets you can make in this casino game, the Tie comes with the biggest house edge. For an 8:1 payout Tie, the edge is over 14%! Often, players avoid the Tie altogether, as they feel this high house edge is too steep to overcome.
Tie bets in baccarat can be fun
As long as you use them sensibly though, this type of bet is used by many players to inject some fun and variety into their play. If you have never come across this bet in baccarat before, hopefully the above has helped clarify its use.