There may be less variance, but unless my math is off, you'll lose more betting both sides of baccarat. Here's my math:
Lets say we're going to do 10,000 2 unit wagers on dice and 10,000 1 + 1 unit wagers on Baccarat both sides:
1.0102x dice:
98% (9,800 bets) of the time will return 2.024 units for a total of 19,835.2 units
2% (200 bets) of the time will return 0 units
Total bet: 20,000
Total won: 19,835.2
Result: -164.8
Baccarat, 1 unit on Player and 1 unit on Banker:
Player Wins 44.62% (4,462 bets) of the time will return 2 units each time: 8924 units
Tie 9.53% (953 bets) will return 2 units each time: 1906 units
Banker 45.85% (4585 bets) will return 1.95 units each time: 8940.75 units
Total bet: 20,000
Total won: 19,770.75
Result: -229.25
That's very well presented and quite interesting. now i guess the question would be, which is faster?