Baccarat is a card game that has gained tremendous popularity worldwide since its debut in Europe. It is now the biggest casino game in the world, with casinos in Macau making 88 percent of their total revenue from it last year. It is also growing in the United States, with casinos adding tables and attracting high rollers with its low house edge.

Baccarat has two main variants: punto banco and baccarat chemin de fer. These games differ slightly in varying rules, number of cards and prizes, but all have the same underlying core. The goal of the game is to bet on which hand, Player or Banker, will have a total closer to nine than the other. A tie is also possible, though the house has a much higher hold percentage on that bet.

The origin of baccarat is unknown, but one theory is that it was developed from an Etruscan legend about a virgin who had to throw a die to determine her fate. If she threw an 8 or 9, she would be elevated to priestess status, but if she threw lower than 6, she was banished to the sea. The initial rule set for the game was based on this legend.

Another popular baccarat variation is the Chemin de Fer, which was developed in the 19th century and is the earliest form of a zero-sum game that could be played between two people. This game is still the most common baccarat variation today, although there are other variations such as mini-baccarat.

While there are other games that have a lower house edge than baccarat, the game is very popular in many casinos because it has a low minimum bet amount and is easy to play. The house edge on a winning banker bet is 1.06 percent, making it the most favorable option for players. Players can also place a bet on the player, which has a higher house edge but offers a greater payout of 1:1 without any commission.

The game is easy to learn and can be played in a variety of ways. Some players prefer to use a small table with just a small number of seats, while others like the excitement of playing in a larger room with more spectators. Either way, it is a great choice for anyone looking to try their hand at the game. Just remember to always play responsibly and be smart about how much you stake. This will ensure that you have a fun and safe gambling experience.