Roulette has a long history as a popular form of entertainment, going back to the 1700s. The game has withstood the trials of time and test and has emerged as one of the most popular choices for casino goers or enthusiasts. Over the last several decades, technological advancements have spurred a massive increase in roulette's appeal, with online casinos enabling anyone to enjoy the game at any time.
Perhaps one roulette's most appealing characteristics is its ease of gameplay and simplicity. Only thing required is to pick a digit and place a wager. And if the ball falls in the right position on the roulette wheel, you score.
Because roulette is a play of luck, it's critical to grasp the roulette odds and vocabulary. With our roulette odds guide, you will learn everything you need to know about the odds you can get from the various bets you may make.
What do we mean by roulette odds?
Due to the fact that there are 38 possible outcomes in roulette, the odds of striking only one digit with a straight wager are 37 to 1. (1 to 36 along with a 0 and 00). The casino, on the other hand, only pays 35 to 1 on successful wagers, with the identical odds for combo bets. Although the house has a significant advantage at roulette, if you hit, you may score big!
Let us take a look at the roulette odds based on the type of bets:
What does betting on the outside entail?
Outside roulette bets (such as odd/even, 1-18 or 19-36, black/red) generally have the highest odds of winning. 'Outside bets' encompass half of the probable consequences in a game of roulette. Because you have such a significant likelihood of success, your payoff isn't likely to be substantial – it'll generally be 1:1.
Some outside bets, such as dozen and column ones, give out significantly more since they cover 12 digits on the wheel. You have a one-in-three possibility of victory and a 2:1 reward if you choose this option.
There are several wagers that may be placed on an American roulette table that are "outside" the 38 digits. These wagers are based on a predetermined set of numbers or colours, depending on the game. Outside bets end up losing if the ball falls on a 0 or 00.
Odds for outside bets
|
Bet Types |
American Roulette Odds |
European Roulette Odds |
Potential Payout |
|
Dozen outside bet |
31.6% |
32.4% |
2:1 |
|
Column outside bet |
31.6% |
32.4% |
2:1 |
|
High/Low outside bet |
47.37% |
48.65% |
1:1 |
|
Red/Black outside bet |
47.37% |
48.65% |
1:1 |
|
Odd/Even outside bet |
47.37% |
48.65% |
1:1 |
What does betting on the inside entail?
Inside bets are wagers on individual digits and groups of digits that are placed on the inner side of the roulette table, rather than on the outside. Compared to outside bets, these have a lesser odds of success, but the payoff is greater. On both the inside and outside bets, the house has the exact same advantage.
Odds for inside bets
|
Bet Types |
American Roulette Odds |
European Roulette Odds |
Potential Payout |
|
Straight inside bet |
2.6% |
2.7% |
35:1 |
|
Street inside bet |
7.9% |
8.1% |
11:1 |
|
Split inside bet |
5.3% |
5.4% |
17:1 |
|
Basket inside bet |
13.2% |
n/a |
6:1 |
|
Double Street inside bet |
15.8% |
16.2% |
5:1 |
|
Corner inside bet |
10.5% |
10.8% |
8:1 |
Odds for American roulette
In the American roulette wheel, you only have a single opportunity to succeed, whereas 37 chances of losing. The chances are 37:1 against you. For American '00' roulette, the chance is 1 in 38, however, the odds are based on how frequently you are anticipated to score (one) and how frequently you are destined to lose, every time you spin the wheel (37).
What is the monetary value of this? Simply expressed, a victor's payment is 35:1 rather than the 37:1 odds that would be paid out in a "fair" game. The house takes 2 units from you (they wouldn't be able to earn any revenue if they paid "perfect" odds, which would put a stop to casinos all across the globe). To calculate the house advantage, divide 2 into 38 and then multiply the result by 100. This yields a house edge of 5.26%.
The final conclusion is that the roulette odds do not match the real rewards.
Odds for European roulette
The European '0' roulette wheel is the same way. There are 37 digits, from 1 to 36, plus a single 0. A hit has a 1-in-37 chance of happening. With this, we arrive at roulette odds of 36 to 1.
Regrettably, European roulette wheels likewise pay 35:1 on a victory, resulting in a one-unit deficit. The payoff is 35:1, but the real odds remain 36:1. Simply divide that number by 37 and multiply it by 100 to obtain the house advantage for European roulette variants, which is 2.70%.
The variation in roulette odds with time or number of spins
It's true that, as time goes on relentlessly ahead and a casino player makes an increasing number of choices, the odds on any roulette wheel, whether it is offline or online roulette variant, start to take shape in the actual world. Even while the numbers will rarely be equal, the victories and setbacks will be very close.
Is it possible to approach the short-term differently than the long-term? No, regardless of the term you are playing or the number of spins you do, the odds and probability for roulette remain the same. This is yet another element that many roulette players disregard since they believe they can out-do the mathematics. We are afraid no payer can. Hence it is better to embrace the roulette odds, understand the probabilities and their differences based on the roulette variant or the type of bet and play accordingly. It is usually a good idea to play within your bankroll in any circumstance. Have a blast!
Before we let you go, you must also know that, ‘All values (Bet Levels, Maximum Wins etc.) mentioned in relation to this slot game are subject to change at any time.’