Baccarat is a card game where players bet on the outcome of two hands: the "Player" and the "Banker." Each hand receives two cards, and the values are totaled. Face cards and tens have a value of zero, while other cards retain their face value. If the total exceeds 9, only the last digit is considered. Players can bet on the Player, Banker, or a Tie. The hand with the highest total wins, and payouts vary based on the chosen outcome.