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Odds on Roulette: What to Know Before You Play

If you’re looking for an exciting online casino game, look no further than the classic game of roulette. With a variety of options for betting and high energy atmosphere, roulette is a great game to pick up. Before you dive in, however, it’s important to understand the odds associated with the game. In this article, we’ll break down the different types of bets, payouts associated with each and strategies you can use when placing your bets.

Types of Bets

• Inside Bets – These are placed within the number grid and include bets like straight-up single numbers, split bets, and street bets.
• Outside Bets – These are placed outside of the number grid and include bets such as dozen bets, columns bets, and even/odd bets.

Payouts

Bet Type	Payout
Inside Bets	35:1
Outside Bets	2:1

Strategies

1. Choose European roulette over American roulette as the house edge for European roulette is 2.7%, compared to 5.26% for American roulette.
2. Spread your bets over a variety of numbers. This will increase the likelihood of hitting one while reducing the amount of money lost in the event that you don’t.
3. Know when to quit. Set a loss limit before starting to play and stick to it.

What are Roulette Odds?

Roulette is a classic casino game that involves betting on the outcome of a spinning wheel. The odds of winning depend on the bets placed. Roulette odds are essentially the probability of a certain bet, which is also known as the chance of success. To calculate the odds, you need to consider the possible outcomes and how often each one is likely to occur when the wheel is spun. It is important to understand the various kinds of bets available and the corresponding payouts before playing roulette.

Types of Bets

The number of possible bets in roulette depends on the types of bets available. There are two types of bets in roulette: inside bets and outside bets. Inside bets have higher payouts but also a lower chance of winning. Outside bets have lower payouts but also a higher chance of winning.

• Inside Bets
• Straight-Up: A single number bet.
• Split Bet: A bet placed on two adjoining numbers.
• Street Bet: A bet placed on three numbers in a row.
• Corner Bet: A bet placed on four numbers.
• Six Line Bet: A bet placed on two adjoining streets.
• Trio Bet: A bet placed on three numbers, including at least one zero.
• Basket Bet: A bet placed on five numbers, including at least two zeros.

• Outside Bets
• Red or Black: A bet placed on the color of the number that will come up.
• Odd or Even: A bet placed on the parity of the number that will come up.
• High or Low: A bet placed on whether the number will be above or below 18.
• Dozens: A bet placed on one of the three groups of twelve numbers.
• Columns: A bet placed on one of the three columns of numbers.

How to Calculate Roulette Odds

The odds of winning in roulette depend on the type of bet. Inside bets have a low chance of winning but offer higher payouts. Conversely, outside bets have a high chance of winning but offer lower payouts. To calculate the odds for a given bet, you need to consider the possible outcomes and the probability of each one occurring.For example, consider a player placing a straight-up bet on red. In this case, there are 18 different possible outcomes, of which 17 are red and 1 is black. This means that the probability of winning is 17/18, or approximately 94.44%. Therefore, the odds of winning on a straight-up red bet in roulette are 94.44%.

Roulette Odds Explained

It is important to understand the odds of roulette before playing. As previously mentioned, inside bets offer higher payouts but also a lower chance of winning. On the other hand, outside bets have lower payouts but also a higher chance of winning.This means that players should carefully evaluate their chances of success before placing a bet. Generally speaking, it is advantageous to go with outside bets, as they have a higher chance of winning and still offer decent payouts. However, novice players might want to start off with inside bets and increase their wagers gradually as they become more familiar with the game and their chances of success.

Conclusion

Roulette odds are the probability of a certain bet, and they determine the size of a payout. Inside bets have a lower chance of winning but offer higher payouts, while outside bets have a higher chance of winning but offer lower payouts. It is important for players to understand the odds of roulette before placing a bet so that they can make an informed decision.

References

• Independent Gambling. Roulette Rules and Odds. Accessed August 10, 2020. https://igambling.ca/guides/roulette
• NCPG. Roulette. Accessed August 10, 2020. https://www.ncpgambling.org/help-treatment/gambling-types/roulette/

Roulette Odds FAQ

What is the House Edge on Roulette?

The house edge on European and French roulette is 2.7%, while the house edge on American roulette is 5.26%.

What are the Odds of Winning on a Single Number Bet?

The odds of winning on a single number bet on European and French roulette is 37 to 1, while the odds of winning on a single number bet on American roulette is 38 to 1.

What Happens if the Ball Lands on Zero?

If the ball lands on zero, all bets on the outside of the table will lose, while all bets on the inside of the table only have even money payouts.

What are the Odds of Winning Red or Black?

The odds of winning red or black on European and French roulette is 1 to 1, while the odds of winning red or black on American roulette is 1 to 1 too.

Are There Any Special Types of Bets?

Yes, there are special types of bets, such as split bets, corner bets, street bets, and more. They each have varying odds and payouts depending on which type of bet you place.