One of the ways people around the globe have opted to increase their bitcoin wallets is through the playing of Baccarat in online casinos. The reason why the player opts for this card game is due to its straightforward rules of engagement and the ability to employ multiple strategies to win. A simple answer, therefore, is “yes”; just as with any betting game like those on Bitcoin Dice, strategies can apply when playing Baccarat, even when using bitcoins.

Those who are betting for the first time should consider Baccarat as their card game of choice due to its simplicity. It’s not just limited to them; professional players enjoy it as well. All you’re required to have is basic mathematical skills and knowing the three wagers you need to place and try to get your numbers as close to nine as you can. For those playing online and using bitcoins, it appears to be a way of getting quick currency.

While the game in itself is based on luck, there are a few strategies that one can employ to make the most of it. One is the tie betting strategy where there is an 8:1 payout ratio. The ration, however, can tell you that it can swing either way. Why people take this strategy is that when there is a tie, you end up making huge winnings especially when you have a streak. As with strategies that are likely to bring in huge returns, the risk is quite large. It is therefore not a strategy for the fainthearted.

A strategy that most people opt for is betting on the banker given the advantage they have when dealing with the third card over the player in the long-run. While that increases the odds of winning, it has significantly lower payouts. Betting on the other player also increases your chances of winning. With these three mentioned, you’re probably better off not betting on a tie due to the low odds but instead bet on either the banker or the other player.

Another strategy popular with bitcoin Baccarat, and with other betting card games, is the Martingale betting strategy. A bit of research on what it entails will tell you why, but for this particular game, you can double your bet with each loss while betting on the banker to maximize profitability. However, though that sounds easy enough, it does not guarantee a win. As mentioned, it is, for the most part, a game of chance.

That said there are strategies that one ought to keep away from when playing bitcoin Baccarat. The first is that don’t waste your time trying to spot a pattern. The technology you’re playing against has no memory and likely to be doing a fantastic job of making the cards and each session random.

As with any card game, determine the bitcoin limit by only betting on what you’re willing to lose and no more. As always, walk away while you’re ahead. It is the smarter thing to do; your future self will thank you.