It is not a secret that Baccarat variations differ from each other in some way. And in all of them the role of the bank is played differently, by different people, who are in the game. In the version of the game known as Chemin de Fer, the position of the banker passes clockwise from player to player each time the banker loses rather than being fixed by the individual casino. The house, however, provides the banker with funds throughout the game. A player may, if he or she wishes, pass up the opportunity to be the banker; in which case, it simply passes to the next person. The objective of each version of the game is the same: to reach 9. The game starts by the banker dealing four cards to each player and to himself, then each player turns his cards over and sum the value of all cards. Traditionally if the total is lower than 5, the player draws one more card, if the total is 5 or higher the player stands. The hands are then compared and the person who has the hand closest to 8 or 9 receives the pay-out.

There are a lot of ideas about the origin of Punto Banco. George Raft's Capri Casino in Havana is said to be the inventor of the game. The game's creator, Tommy Renzoni, stated in his book that Punto Banco, as it was called in Cuba, was brought to Las Vegas by him in the late 1950s. Renzoni wrote that his game owed its roots to European "Chemin de Fer" via Argentina. He claimed that the night of the game's first modern American play, the Sands casino lost 0,000. Baccarat was said to have been conceptualized in Italy in the 1480s from a deck of tarot cards. If translate form Italian the word ‘baccarat’ means ‘zero’, the game got the same name as the value of most cards is zero. Early Baccarat stories claim that the game is based on an old Etruscan ritual of the nine gods, who prayed to a blonde virgin on their tiptoes waiting for her to throw a nine-sided die. Her fate depended on the result of the die. In the case of 8 or 9 she became a priestess. In the case of 6 or 7 the virgin was prohibited from any further religious activities. She would walk into the sea in the case of any other number rolled.
In the 1550s the game appeared in France, where it got its new name. Now it was called ‘Chemin de Fer’. Some people say that it was France, where the game appeared. Later the game of Baccarat moved from France to Argentina. Then it was played in casinos of Mar Del Plata.