The one card placed face up on the table indicates how many cards the dealer will burn. If the card turned up is a 4 of clubs, the dealer will burn 4 cards.
In Baccarat, the casino takes a commission whenever a player wins a bet placed on the banker side. This is because betting on the banker has an inherent 1.06 % advantage. Bets are paid at 0.95-to-1.
2’s through 9’s are counted at face value; tens and all jacks, queens and kings count as 0; and aces count as 1. Suit is irrelevant in Baccarat.
First and third cards are dealt to the player. Second and fourth cards are dealt to the banker.
For any total over 9, only the last digit is taken; for example, a total composed of a 6 of clubs and a 6 of diamonds is 2. If either the player or the banker has a total of 8 or 9, it's called a "natural" and automatically wins - unless the other hand also has a natural, in which case the 2 hands tie.
If the player holds a total of less than 6 or 7, the player draws.
With a total from 0 to 2 the bank always draws; with a total of 7 the bank always stands; with a total of 3 the bank draws, unless the player drew and its third card was an 8; with a total of 4 the bank draws, unless the player drew and its third card was an 8, 9 or ace; with a 5 the bank draws, unless the player drew a third card outside the range of 4 through 7; with a 6 the bank stands, unless the player drew a third card of either a 6 or a 7.
It is a good idea to avoid tie bets altogether, since they give the house a significant advantage, close to 20 %, in fact. By sticking to only the banker and player bets, the house advantage will remain at a minimum, thereby maximizing your chances of winning.
Betting on the player gives the house a 1.36% edge
Betting on the banker gives the house a 1.17% edge
Either way, the house has the edge and should win in the long run.
Some baccarat players believe in streaks and will bet on whatever won the last hand. This strategy does not give you better odds though as each hand is like the flip of a coin.