The game of Baccarat dates back to the Middle Ages. You are given the choice of either betting on the banker, the player, or a tie between the two. Cards are dealt to the player and the banker. If the hand you're betting on wins, you win even money which means if you bet ten dollars, you're paid back the ten plus ten more, so your profit is equal to your bet. If you bet on a tie and it turns out to be one, you're paid 8 to 1.
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