Baccarat odds refer to the probability of winning a bet in a game of baccarat. The odds vary depending on the type of bet placed, such as betting on the player, banker, or a tie. In most versions of baccarat, the banker bet offers the best odds of winning, with a house edge of around 1.06%. The player bet has a slightly higher house edge of 1.24%, while the tie bet has the worst odds, with a house edge of approximately 14.4%. The odds can also be affected by the specific rules and variations of the game being played.