For a good reason, roulette is considered one of the oldest casino table games. Learn about Roulette Odds Payout, the best roulette bets, and how to play more innovative with our exclusive roulette payout chart.
When playing for real money, it is critical to understand your roulette odds and payouts. Therefore, before placing a wager, you should always consider your odds of winning and the potential payout if your wager is successful.
Because roulette is a simple game, there isn’t much computation involved in determining your odds, and understanding your roulette payout is even simpler.
We will review each roulette bet’s odds and payouts, including American and European roulette tables. We’ll also review the house edge or why the roulette odds and payout differ.
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What is the Roulette Odds Payout?
Because the American roulette wheel has 38 numbers, the true odds for a double zero roulette wheel are 37:1. The exact payout odds in roulette are 35:1 due to the house edge.
It means that the odds of a single number winning on a straight-up bet are 37:1, while you would earn a payout relying on odds of 35:1. In roulette, the house advantage, or ‘house edge,’ is 5.26%.
These would be the highest odds of any casino game, but keep that from putting you on.
Learning basic roulette strategies and improving your wagers and payout knowledge can help roulette become your new favorite online gambling game.
Roulette Odds, Betting Tables, and Payouts
The most legitimate casino provides roulette. So when ready, please read our reviews of the three leading US online casinos: BetMGM, Caesars, and Golden Nugget, to learn so much about playing the game.
At first quick look, the roulette table layout may appear a little complicated. Still, we’ve separated it down through the most popular bets and their payouts to assist you in better comprehending roulette table payouts.
Review our explanations, betting odds, and payout chart to enhance your odds of winning real money while playing roulette online.
Roulette Odds
There were 36 red or black slots labeled 1-36 on each roulette wheel. In European roulette, there is also an extra number, the zero (0), which would be green. Similarly, American roulette will have two green slots: a zero (0) and a double zero (00). As a result, the roulette odds of winning are always calculated according to the number of slots on the wheel.
It signifies that the likelihood of the ball landing on any specific number on a European table is 1 in 37 or 2.70%. That means the odds are 36 to 1, with 36 outcomes resulting in a loss and one outcome resulting in a win.
Roulette Payouts
When calculating the roulette payout, you will never account for the green zero(s), and the computation is relatively simple. The wheel has 36 red or black slots; if you wager on a number that wins, you’ll get 36 times your money back. Deduct your initial bet to receive a profit of 35 times your initial bet. As a result, your roulette payout is 35:1.
- Roulette Odds = number of losing outcomes: Number of winning outcomes
- Roulette Payouts = Your potential profit: Your initial bet
Outside bets have lower payouts but a higher probability of success
The Outside bets are bets on the roulette table which do not contain any numbers. They are basically on the ‘outside’ and around the perimeter. They have a significantly better chance of winning than inside bets, but you won’t get rich.
Inside Bets High Returns with a Low Probability
The Inside bets can be placed ‘within’ the roulette table. You have access to all of the numbers. Use a single number, a group of numbers, or an entire range of numbers; the decision is yours.
Inside bet payouts can create your night, but with lower chances of hitting than outside bets, it all boils down to the spin of the roulette wheel.
The House Advantage
The red or black bet is the most traditional in roulette. The red or black bet means you can bet on a single of the colors, say red, and if the ball lands in any of the red numbers, you win, while any other color loses. The roulette odds appear to be 50-50 for both outcomes, and the bet payout is 1:1; you get your money back. However, when you examine the roulette odds table more closely, you will notice that even though the payout is 1:1. The chances of winning the wager are only 48.6%. So where did its other 1.4% go?
The 1.4% is the House Edge, the casino’s fee for running the game, implementing dealers, and entertaining non-gambling guests. It exists due to the green zero on that roulette wheel. Because we omit zero in the payout calculation, there will always be a tiny difference between the roulette odds and the roulette payouts. For example, the payout on either the red or black bet is 1:1. Still, the odds on the corresponding results are 48.65% for settling on a red number and, 8.65% for landing on a black number, 2.70% for landing upon that green zero. As a result, the roulette house edge is 2.70%.
Will the Roulette Odds Payout time always be correct?
When looking at roulette odds and probabilities, there is a factor that needs serious consideration. The reality that the odds on the American double-zero wheel are 37 to one and 36 to one, respectively, does not imply that a winner is encountered every 38 or 37 spins. Punters would hope for this, but this isn’t the case. Roulette odds are long-term mathematical figures. A roulette game can indeed be insane due to the possibility of many or no winners. When you place bets, you may experience losing or winning streaks.
The exact roulette odds begin to take shape as a player proceeds to place bets. The calculations on the winnings and losses will be flawed. Unfortunately, the probabilities and odds of roulette remain the same whether you play a single spin or thousands of spins. It is why sure gamblers believe they can outwit the math. They are unable.