
When the question “how many betting positions are there on a baccarat table?” is asked, the answer is 3. These are the banker, players, and tie bets. Players can place bets on any of these three outcomes before the cards are dealt. Betting on the player means you wager the player's hand will win, and betting on the banker means the opposite. When you bet on a tie, it means that both the player and the banker will have equal card hand values.
The tie has the highest house edge at 14.36%, and it pays 8:1. Player bets have a house edge of 1.24% and pay 1:1, while banker bets have a house edge of 1.06% and pay 0.5:1. The tie has the highest house edge because it has the least probability of occurring during a game.