Roulette Odds
Table of Contents
Indulge in roulette, and you’ll be indulging in the most played table game at most casinos. Originating in 1655, it was created by mathematician Blaise Pascal, who attempted to design a perpetual motion machine. Basically, he wanted to invent something that would move without getting energy from any other source. His experiment may have failed in his mind, but it saw the birth of the beloved game of roulette.
This favored game is so simple to play, but you shouldn’t just give it a go at any casino without knowing exactly what you’re doing when it comes to understanding the roulette table payout and the roulette odds, which will determine what kind of roulette bets you should be making to win those big bucks!
Roulette Odds – American Double Zero Wheel
As a gambler, you never want the house to have the edge over you. When you play on the American roulette wheel, that is exactly what happens! The house edge is a whopping 5.26%, and the roulette betting odds decline to a 1 in 38 chance to win because of those additional zeros.
So, to explain, this is in dollars. When you make a roulette bet of $100, you will lose $5.26 of it after 100 bets. The American roulette wheel has 38 numbered slots, with numbers 1 through 36, a single zero, and a double zero. The double zero, also known as the 00, is typically green in color. The other numbers on the wheel are evenly split between red and black, with the exception of the zero and double zero, which are both green.
In American roulette, the house edge is determined by the presence of the double zero on the wheel. Because the double zero gives the casino an extra advantage over the players, the odds of winning on an American roulette wheel are slightly lower than on a European roulette wheel, which only has a single zero. For example, the odds of winning a straight-up bet on a single number are 37 to 1 on an American roulette wheel, but only 36 to 1 on a European wheel. This may not seem like a big difference, but over time it can make a significant impact on your overall chances of winning.
Odds of 00 in Roulette
The odds of hitting 00 in roulette depend on the type of roulette that is being played. In American roulette, which has 38 numbered slots on the wheel (including 0 and 00), the odds of hitting 00 are 1 in 38, or 2.63%. In European roulette, which has 37 numbered slots on the wheel (including only 0), the odds of hitting 00 are 0% since there is no 00 slot on the wheel.
Highest Chance of Winning Roulette
The highest chance of winning in roulette is to bet on outside bets such as red/black, odd/even, or high/low. These types of bets offer the highest probability of winning because they cover large groups of numbers, rather than individual numbers. For example, a bet on red or black covers 18 of the 38 numbered slots on the wheel, so the probability of winning is 18/38, or 47.37%. A bet on odd or even covers 19 of the 38 numbered slots on the wheel, so the probability of winning is 19/38, or 50%. A bet on high or low covers 18 of the 38 numbered slots on the wheel, so the probability of winning is 18/38, or 47.37%.
Although difficult at times, there are a few strategies that can help maximize the chances of winning. Some of these strategies include:
- Stick to Outside Bets: Outside bets have a higher chance of winning, but lower payouts. By sticking to outside bets, players can maximize their chances of winning while still earning smaller payouts.
- Manage Your Bankroll: It’s important to have a solid bankroll management strategy, setting limits on how much you’re willing to bet and when to stop.
- Avoid Progressive Betting Systems: Progressive betting systems, such as the Martingale or Fibonacci systems, promise to increase the chances of winning by betting more after a loss. However, these systems are not effective in the long run and can lead to large losses.
- Play European Roulette: European Roulette has a lower house edge than American Roulette, making it a more favorable game for players.
- Know the Odds: Understanding the odds of each type of bet can help players make informed decisions and increase their chances of winning.
By following these strategies, players can increase their chances of winning at roulette and maximize their potential payouts.
Roulette Odds – European Single-Zero Wheel
European roulette is the preferred wheel to play on because, as stated previously, there are only 37 numbers. The single zero is typically green in color, while the other numbers are evenly split between red and black. It’s the one zero that lowers the house edge dramatically to only 2.70%, far less than American roulette’s 5.26%, making this wheel the one to play because the odds of winning roulette are far better.
In European roulette, the presence of the single zero gives the casino a small advantage over the players, but the odds of winning are still relatively good. For example, the odds of winning a straight-up bet on a single number are 36 to 1, which means that for every 37 spins of the wheel, you can expect to win once on average.
The single-zero wheel also offers other betting options, such as even-money bets, which have almost 50-50 odds of winning. This makes European roulette a popular choice for many players who want to maximize their chances of winning.
Overall, the European single-zero wheel is considered to be more player-friendly than the American double-zero wheel, due to its slightly better odds and the wider range of betting options it offers.
Roulette Color Odds
The odds of winning a bet on a single color in roulette (either red or black) are slightly less than 50%. This is because there are 38 numbered slots on the wheel in American roulette (including 0 and 00), and 18 of those slots are red, 18 are black, and 2 are green (0 and 00). This means that the probability of the ball landing on a red or black slot is 18/38, or 47.37%.
Are Roulette Odds Set In Stone?
Before you even start playing roulette, your expectations on the chance of winning roulette should be realistic, as this is a game of chance after all. Nobody on earth can determine where that small ball will land, as each spin it takes means it could land anywhere. It’s called “an independent trial,” where one spin has no outcome on what the next one will be. Past and future outcomes are all dependent on fate.
All you can do is look at the roulette table payout to get the best deal for your wager. Let’s say you wager two chips on just one number, what is the payout on roulette going to be? You simply Multiply your bet by the payout odds, as mentioned previously, which are 2 chips x 35 = a $70 roulette payout.
Roulette Odds – Proposition Bets
Proposition bets, also known as “inside bets” or “call bets,” are bets that are placed on specific combinations of numbers on the roulette table. These bets typically have higher payouts than other types of bets, such as even-money bets, but they also have lower odds of winning. Some examples of proposition bets in roulette include betting on a specific number, betting on a group of numbers, or betting on the color or parity (odd or even) of the winning number. Proposition bets can be placed on the inside of the roulette table, where the individual numbers are located, or on the outside, where the group bets are located.
Inside Bets in Roulette:
Inside betting refers to placing bets on the numbers in the inner part of the roulette table layout. This typically includes bets on individual numbers, as well as bets on groups of numbers that are located close to each other on the table. Inside bets typically offer higher payouts than outside bets, but the chances of winning are lower, as the player is betting on specific numbers rather than on larger groups of numbers.
Some examples of inside bets in roulette include straight-up bets (a bet on a single number), split bets (a bet on two numbers that are located next to each other on the table), and corner bets (a bet on four numbers that form a square on the table).
Outside Bets in Roulette:
Outside bets in roulette refer to bets that are placed on the outer part of the table layout. These bets typically offer lower payouts than inside bets, but the chances of winning are higher, as the player is betting on larger groups of numbers. Some examples of outside bets in roulette include red/black bets (a bet on the color of the number that will be spun), odd/even bets (a bet on whether the spun number will be odd or even), and high/low bets (a bet on whether the spun number will be low (1-18) or high (19-36)). These types of bets are a good option for players who want to minimize their risk and have a better chance of winning.
- Outside bets in roulette are placed on the outer part of the table layout
- These bets typically offer lower payouts than inside bets
- The chances of winning are higher for outside bets because they are placed on larger groups of numbers
- Examples of outside bets include red/black bets, odd/even bets, and high/low bets
- These bets are a good option for players who want to minimize their risk and have a better chance of winning.
Final Thoughts on Roulette Odds
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