A total of four cards are initially dealt out of a shoe by the dealer or a player in the game. The first and third cards are the Player's hand and the second and fourth are the Banker's hand. The Player's hand will be left face down and delivered to the player in the game with the highest wager on the Player's hand. The Banker's hand will be left face down under a corner of the shoe until the Player's hand is exposed, returned to the center of the table and placed in the area designated as PLAYER. The Banker's hand will then be exposed and placed in the area designated as BANKER. Once the initial cards are in place, the dealer announces the totals for each hand, and additional cards are then drawn in accordance with the rules; a maximum of one hit card per hand may be drawn. (The fixed rules of Baccarat never allow for a player to make a hit or stand decision.) Once the outcome of the hand has been decided, the dealer will pick up all losing bets and then pay all winning bets.

If you win with a bet on either the Banker's or the Player's hand, your bet will be paid even money. If you win with a bet on the Banker's hand, you will be charged a 5% commission on your winnings. If both hands tie neither hand wins or loses, and all bets made on the tie win. A tie bet is paid at 9 for 1 odds.

The object of Baccarat is to bet on which hand will have the highest value. The highest hand in Baccarat is 9 and the lowest is 0. Tens, Jacks, Queens and Kings are counted as zero, an ace counts as one and all other cards count their face value. When totaling the cards on each hand, only the right-hand number of the total figure is used to determine the hand's value.

EXAMPLE: 7 + 8 = 15 K + 5 + 6 = 11

Baccarat

(Bah-Kah-Rah) is played with 8 decks of cards. The cards are shuffled by the dealer and placed in a box called a shoe. 

Player can keep the shoe as long as the bank hand wins

Mini-Baccarat  the dealer controls the shoe at all times.

When the bank hand loses, the shoe moves to the next player on the right.

Bets
There are three types of bets: 
Player hand
Banker hand 
Tie bet.

Cards 
Both the Player and Banker are dealt two cards each. 
All tens and picture cards are worth zero.
Aces are worth 1.
All other cards are worth their face value. 
If the value of cards exceeds 9,  the value is then adjusted by subtracting 10 from the total.
The player with the highest wager on the player's side faces (turns up) the player's hand. If the rules call for a third card to be dealt, either or both hands must take the third card.
 

Example:
Hands:
9+7=16            Hand totals 6
5+5+5=15        Hand totals 5
10+9=19          Hand is a "natural" 9
 

Payoffs
Bets are paid on even money, and the house collects a 5% commission on all winning bank bets. 
Tie bet wagers are paid 8 to 1

Third Card Draw
A third additional card may be dealt.
All additional cards are subject to a third card rule. No hand will receive more than three cards. When the Player and Banker hands equal the same total, the hand is a Tie.

Third Card Rules
If the Player's two cards total:

0-5     Player Hand must Draw
6-7     Player Hand must Stand
8-9     "Natural" (both hands Stand)
 

After the Player's Hand acts on a third card draw, the Banker's Hand receives a third card according to these rules:
 

0-2     Banker Hand Must draw
3-6     Third card to Player Hand determines
        draw or stand
7       Banker Hand must stand
        When the Banker's two cards total 3-6:

 

Players' hand stands on two cards, then a two card Banker Hand totaling 3,4,5 must draw and a Banker Hand totaling 6 must stand.