Mastering Roulette Payouts and Odds: A Comprehensive Guide
Roulette is a popular casino game and players place different types of bets to improve the chances of winning. They also play different variants of Roulette to win more and each variant comes with different odds and payouts. At 12bet, we will walk you through different odds and payouts in detail.
What are ‘odds’ in Roulette?
The probability of winning a bet is indicated by odds in Roulette. For example, the odds of hitting a single number in an American Roulette with a direct hit is 37:1, as there are 38 numbers.
How to Calculate Roulette Payouts?
Before learning how to calculate the payouts, try and understand the different types of bets. Calculating Roulette payouts involves understanding the odds of each bet and the payout ratios associated with those bets. The payout ratio is the amount of money a player will receive for a winning bet relative to their original wager.
In Roulette, the potential payout odds for each bet type are expressed as x:1. This means that if you win, you will receive x dollars for every 1 dollar you bet. For instance, a single-number bet offers a payout of 35:1. If you place a 1-dollar bet and win, you will receive your original dollar back plus an additional $35 in winnings.
Roulette Payout Guide
Below is a payout table for Roulette, detailing the odds for different bets in both European and American Roulette tables that gamers will typically see in online casinos. The odds may vary depending on the Roulette type. With these computations done automatically, you can easily check your potential winnings at a glance while playing Roulette.
Note: To calculate the payout odds in Roulette, follow these steps: Take the number 36 (representing the total number of squares on the Roulette table) and divide it by the number of squares covered by your bet. Subtract one from that value to determine the payout odds. For instance, in a three-number bet, you divide 36 by 3, which equals 12. Then, subtract 1 to get 11. The payout percentage for a three-number bet is therefore 11:1. For example, if you wager $10 and win, you’ll receive a $110 payout.
|Bet||Payout||European Odds||American Odds|
|Basket (Four-Number with 0)||6:1||10.8%||–|
|Five-Number (Basket with 00)||6:1||–||13.2%|
|Red or Black||1:1||48.65%||47.37%|
|Odd or Even||1:1||48.65%||47.37%|
|High or Low||1:1||48.65%||47.37%|
Inside vs Outside Bets- How do the odds differ?
In Roulette, bets are categorized into two main groups – inside bets and outside bets. These names are derived from the table layout and indicate where you would position your chips for each type of bet.
Inside Bet Odds
Inside bets in Roulette are wagers placed on individual numbers or groups of numbers found on the interior of the roulette table. While they offer a lower probability of winning compared to outside bets, the potential for higher rewards compensates for this disadvantage.
The house edge for inside bets is the same as that for outside bets, making them an enticing option for players seeking bigger payouts and a more thrilling gaming experience.
Outside Bet Odds
The highest chances of winning a payout in Roulette come from placing outside bets. “Outside bets” refer to wagers that are not directly related to the outcome of the current spin. While the odds of winning are higher for outside bets, the payouts are generally less generous. Bets like “odd” or “even,” which cover almost half of the wheel, offer a 1:1 payout.
Other outside bets include the column and dozen bets, which cover 12 numbers each. These bets have slightly better payouts, offering a two-to-one payoff, and provide around a one-in-three chance of winning. It’s essential to note that if the ball lands on either 0 or 00, all outside bets will be considered losers.
Improve Your Odds at Roulette
While there is no way to alter the odds or overcome the house advantage in Roulette, having a good grasp of the odds is essential in making informed betting choices. Although there’s no foolproof strategy to guarantee a win every time, you can adopt certain approaches to potentially increase your winnings. The below tips will help you understand it better:
Which Bets have the best odds?
It’s essential to differentiate between the “best odds” of winning and the payout or edge of the game in Roulette. While betting on any single number might give you the highest chances of picking the winning number, the payout would be unreasonably low, resulting in overall losses. This is where the “house edge” comes into play, representing the casino’s unfair advantage.
When evaluating your betting options in Roulette, it’s crucial to consider the house edge rather than solely focusing on the best odds. The house edge determines the casino’s advantage over players, and it remains the same for all wagers, as indicated in the table provided earlier. By understanding the house edge, you can make more informed decisions and manage your bets effectively during your Roulette gameplay.
In our comprehensive guide, we cover the chances and probabilities of various Roulette bets, whether it’s on a single-zero wheel or an American wheel with two zeros. Understanding these probabilities will aid you in selecting the best bets when devising your winning strategy. Our post provides popular Roulette techniques that serve as an excellent starting point for your gaming journey. Remember, combining knowledge of the odds with strategic betting choices can enhance your overall Roulette experience. So, register at 12bet now and begin your journey with us.