A method and system for playing jackpot and casino games are provided. The method includes playing a baccarat or felt table game which allows a player to bet on jackpot and includes dealing cards to a player hand and a bank hand, allowing one player to place a bet on live baccarat or felt table game, allowing another player to place a bet on jackpot and determining the outcome of the live baccarat game according to the set of conventional casino game rules, and determining the outcome of the jackpot according to a combination of cards. Winning the jackpot is by from about 5% to about 100% of the jackpot. The system includes a betting terminal for playing the games according to the method.