Understanding Roulette Odds

Roulette is a casino game that is all about chances, so you must understand the terminologies and odds involved in the game. There are different betting options in the Roulette game, and the payout odds of these bets depend on probability. There are two variations of Roulette, European and American.

The Roulette Payout guide to calculating your winnings

A guide for Roulette payouts shows the types of bets and odds for both American and European Roulette. The potential payouts in Roulette are shown in the form of x:1. Here x represents the value of dollars that you can win for every 1 dollar by placing bets. E.g. if a single bet offers 40:1, you have the chance to win your dollar back along with $40 if you win the bet. 

You don’t need to worry about Roulette calculations as they are already done for you in the payout charts. You just have to glance through the charts to find out your winnings. 

But if you want to find the math, calculate the number of squares your bet covered and then divide 36 by it. Subtract one from the number once you have the answer to get your payout odds. For instance, a four-number bet means you will have to divide 36 by 4 to get 9, subtract one from 9, and your odds will be 8. It will be represented as 8:1. 

What exactly are the odds in the game of Roulette?

The rules in all the casinos are made to favour the house, so you need to know the process of calculating the odds of winning before placing different kinds of bets. Odds signifies the ratio between the number of ways to win the game and the number of ways to lose. Odds are primarily represented in pairs of numbers and not in percentages. Therefore, it is crucial to determine the probability of calculating your odds to win the round of Roulette. 

Roulette Bet Types

There are only two types of bet in the game of Roulette- outside bet and inside bet. 

Outside Bet

These are the bets which will give you the best chance of payouts. For example, outside Bets covers half of the probable outcomes on a Roulette game. But since your chances of winning are high in these kinds of bets, the payout is generous with just 1:1. 

Outside bets like dozen and column cover 12 numbers on the wheel and has slightly better payouts. The chances of winning these bets are 3:1, but the payout is 2:1.

The American Roulette table has a few bets that are ‘outside’ the 38 numbers. These bets are played using a specific set of colours or numbers. Here are a few examples of outside bets:

• Red or Black: If the ball falls in the Roulette colour of your choice, you get the payout at 1:1.
• Odd or Even : If you guess the land of the ball on either odd or even number, you get the payout at 1:1.
• Low or High: If you have bet on low and the ball falls on any number between 1-18 or you have bet on high and the ball lands on numbers between 19-36, you get the payout at 1:1.
• Column: You can choose any column in the Roulette table, and if the ball falls on any number from your chosen column, you get the payout at 2:1.
• Dozens: The Roulette table has 36 numbers and is divided into three dozens. If the ball falls on your chosen dozen, you get the payout at 2:1.

Inside Bet

There are numbers inside the Roulette table, and an inside bet refers to those numbers. The probability of winning inside bets are bleak but are balanced out by more significant payments. Here are a few examples of inside bets:

• Straight Up: This is a single number bet where you bet on anyone number. The payout will be 35:1, if you win.
• Split: In this, you will have to bet on two adjacent numbers, and your payout is 17:1.
• Street: Here, you can place on a row of three numbers, and your payout is 11:1.
• Basket: You need to bet on four numbers and stand a chance of winning a payout of 6:1. However, you won’t find this in European Roulette. 
• Double Street: This is also known as a line bet, as you bet on two rows of numbers that are adjoining. The payout is 5:1 if you win. 

How to Improve Your Odds?

There isn’t an exact way to win every time you spin the Roulette wheel, but there indeed are some ways through which you can maximize your odds. This gives you a better chance of winning at the Roulette game. 

1. Know your odds: Before placing any bet in the Roulette game, you must know your odds. The odds are different for different bets, so you need to be aware of all the possible odds. Don’t take your chances by going in blind without knowing your odds.

2. Be wise in choosing your Roulette game: If you are confused between the American Roulette and the European one, look at the variations of different odds before placing your first bet. The odds and probabilities of both versions of Roulette are slightly different, so choose your game accordingly. 

3. Placing out bets have a better opportunity: If you want to have better odds at winning the Roulette game, it is advisable to bet on the ‘outside bets’. The payout of outside bets may not be as huge as inside bets, but the probability of winning them is more. If you want to play safe, choose the table’s minimum bet. 

4. Play European Roulette: If you can, play the European table because their house edge is the lowest compared to the American version. You can find European Wheels on almost every casino in Las Vegas and different online casino websites.  

Now that you know what odds are in the Roulette game remember the figure and facts of the game. All this information will help you understand how the odds work in a Roulette game and how you can use it to your advantage. You can also check out the Roulette table of both the American and European versions online to get a better idea. 

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