Creating a baccarat edge calculator in Excel is a useful tool for understanding the house edge and player edge in the game. Here's a simple guide to help you set it up:
1. **Open Excel**: Start a new workbook.
2. **Set Up Your Spreadsheet**:
- **Column A**: Bet Type (Player, Banker, Tie)
- **Column B**: Payout
- **Column C**: Probability
- **Column D**: Expected Value
3. **Enter Data**:
- **A2**: Player
- **A3**: Banker
- **A4**: Tie
- **B2**: 1 (Player bet pays 1:1)
- **B3**: 0.95 (Banker bet pays 0.95:1 after 5% commission)
- **B4**: 8 (Tie bet pays 8:1)
- **C2**: 0.446 (Probability of Player winning)
- **C3**: 0.458 (Probability of Banker winning)
- **C4**: 0.095 (Probability of Tie)
4. **Calculate Expected Value**:
- **D2**: `=B2*C2 - (1-C2)`
- **D3**: `=B3*C3 - (1-C3)`
- **D4**: `=B4*C4 - (1-C4)`
5. **House Edge Calculation**:
- **E1**: House Edge
- **E2**: `=-D2` (Player bet house edge)
- **E3**: `=-D3` (Banker bet house edge)
- **E4**: `=-D4` (Tie bet house edge)
6. **Analyze Results**:
- The values in column E will give you the house edge for each bet type. Typically, the house edge for Player is around 1.24%, for Banker is around 1.06%, and for Tie is around 14.36%.
This setup will give you a basic baccarat edge calculator in Excel. You can further refine it by adding more advanced calculations or additional features as needed.
