Learn the rules of online roulette
How to Evaluate Roulette Odds
Roulette Odds pertain to the chances or probability of winning which is mainly affected by several factors. For one, the kind of Roulette, American or European, can also have an effect on the odds in this casino game; since the two varies in terms of the house advantage or ‘house edge.’ American Roulette has 38 number slots, 1-36, a zero as well as a double zero. With this, the house edge on all bets is 2/38 or 5.26%. On the other hand, in European Roulette which consists of only 37 number slots, digits 1-36 and a zero, the house edge is 1/37 or 2.70%. As you notice, American Roulette has higher house advantage than European Roulette; hence, the greater odds of winning are more on the latter.
Furthermore, the type of bet made is also an enormous factor to consider in the Roulette Odds. Basically, there are two types of bets, the ‘Inside Bet’ and the ‘Outside Bet.’ Among the two, it is the ‘Outside Bet’ that provides more odds of winning to the players. Why? It is simply because this type of Roulette bet consists of mainly categories that cover larger number combinations; hence, the bigger your chance to emerge as a victor.
Bets like ‘Even or Odd’, ‘Black or Red’, Low (1-18) as well as High (19-36) if chosen, has the probability of 48.6% which is originally 50% but subtracted with the house edge. Your odds of winning in this type of bet are great; however, it provides the lowest payout among all bets with just a ratio of 1:1. On the other hand, ‘Dozen Bets’ like 1-12, 13-24, and 25-36 has a higher payout than the latter which is 2:1; but then, the probability of winning is lower with 32.4%.
When it comes to ‘Inside Bet’, it is an undeniable fact that it has the lower odds of winning but has incredibly bigger payouts. The ‘Single Number Bet’ which has the lowest odds on all the type of bets with only 2.7% but the highest payout of 35:1. Next is the combination of two numbers which has the probability of 5.4% and second to the highest payout with 17:1. More than that, Combo of three numbers has 8.1% with 11:1 payout; the Combo of four numbers with 10.8% odds has the payout of 8;1; and lastly, the Combo of six numbers has the odds of 16.2% with 5:1 as payout.
It is crystal clear that in the Roulette Odds there is a proportional relationship with the type of bet, payout, as well as the odds; the more specific the bet, the higher the payout but the lower the odds. On the other hand, the more general the types of bets are, the lower the payouts but the higher the odds of winning.
Truly, knowing the Roulette Odds before spinning the wheel of fortune is an important thing. It will be your guide on choosing the right Roulette as well as the perfect bet that has good odds as well as will give you a great amount of payout. And who knows? By knowing the Roulette Odds you will have a great win with this little wheel’s every spin.