
The best baccarat strategy is actually very, very simple: bet on the banker. That truly is all there is to it, as betting on the banker has the lowest house advantage, and after the bet is made by the player, everything else is pre-determined, as far as whether more cards are taken, etc.
That said, one common element of baccarat is that fans of the game insist that trends can be spotted, as far as whether or not the banker or player is due to win, which is why baccarat rooms almost always provide scorecards to track the past action.
From a cold hard point of view of mathematics, hot and cold streaks don’t exist and the action is simply probability at work, with everything evening out in the end, but from the perspective of having fun, if you believe you can spot patterns and enjoy playing that way, by all means, have a good time. Because of the low house advantage at baccarat, you’ll typically be able to play quite awhile on the money you bring to the table.