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There are three main versions of Baccarat today: Baccarat Chemin de Fer, Baccarat Banque, and Punto Banco. Of these, Punto Banco is the most popular version played in modern casinos. In this version, players do not have the option of drawing additional cards, and all decisions are determined by the rules of the game. Players simply place bets on one of three options: Player, Banker, or Tie, and then wait for the result.

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Tie is the least popular bet and is considered the riskiest bet in baccarat. Although the Tie payout can be as high as 8:1 or 9:1, the odds of winning are very low, only about 9% in regular bets. Therefore, many players avoid betting on Tie, even though it can bring a big reward if it wins.