Understanding Roulette Odds
Like many other gambling games roulette is a lot about chance and luck, but also it is about the odds that can work both for and against the player. We are going to answer some of the most commonly asked questions about roulette odds and how the different bets can have an affect on your game in clear and jargon free language.
We shall also briefly explain a little about the different strategies that can be used, with a selection of the most popular roulette strategy systems having dedicated pages of their own.
You will also learn about the house edge and how it affects your game, together with an explanation of the payout rates. We shall also see if there are any restrictions when placing a bet and if so why they there.
What Are Roulette Odds?
Simply put the odds is the advantage that the casino has over the player, and we speak about roulette odds as the ‘house edge.’ There is a different house edge applies to different roulette games.
- American roulette has a house edge of 5.26% or 2/38 on virtually all bets
- European roulette has a lower house edge due to the single zero and that is 2.70% or 1/37.
You can easily work out the house edge by dividing the number of zeros on the wheel by the total number of slots. This rule applies to the standard games that pay at odds.
If you look deeper into the odds of roulette you will soon begin to see what is going on in the game.
What are the Roulette Odds Payout Rates?
On the table below are the names of the bets, what the Payout is, the version of roulette game and the associated house edge:
|The Bets||The Payout||European Odds||Eu House Edge||American Odds||US House Edge|
|Reds / Blacks (color)||1:1||48.65%||2.7%||47.37%||5.26%|
|Evens / Odds||1:1||48.65%||2.7%||47.37%||5.26%|
|Lows / Highs (1-18 / 19-36)||1:1||48.65%||2.7%||47.37%||5.26%|
|6 Numbers (6 line)||5:1||16.22%||2.7%||15.79%||5.26%|
|5 Numbers (top line)||6:1||–||–||13.16%||7.89%|
|4 Numbers (square)||8:1||10.81%||2.7%||10.53%||5.26%|
|3 Numbers (street)||11:1||8.11%||2.7%||7.89%||5.26%|
|2 Numbers (split)||17:1||5.41%||2.7%||5.26%||5.26%|
|1 Number (straight)||35:1||2.70%||2.7%||2.63%||5.26%|
As you can see from the table above European roulette favours the player more so than the American version, consequently more people play the European tables outside of the US.
When you place a bet of odd of (for instance) 1.1 and you win, you will get your win PLUS the original bet placed, this applies to all of your bets.
The house edge as explained is the advantage the casino has over its players, it is one of the ways that the casino makes its money. The way that it works is that if the house edge is 2.7% (as an example) and the bet is £1 then you will lose 0.027.
What are the Different Types of Roulette Bets?
The game of roulette has two main types of bets and these are the ‘inside’ and the ‘outside’ bets. Each bet has a different limit with the outside bets being the higher. This is mainly because the payouts are usually higher on inside bets.
Below are the different types of bets, the roulette odds and also the chip placements.
- Straight (only 1 number selected) Payout of 35-1 which is your original bet PLUS another 35 units
- The Split (2 number selected) Payout of 17-1 which is your original bet PLUS another 17 units
- The Street (3 numbers selected) Payout of 11-1 which is your original bet PLUS 11 units
- The Square (4 numbers selected) Payout of 8-1 which is your original bet PLUS another 8 units
- Six Line (6 numbers) Payout of 5-1 which is your original bet PLUS 5 units
- Colours (18 numbers) Payout of 1-1 which is your original bet PLUS one extra unit
- Dozens (12 numbers) Payout of 2-1 which is your original bet PLUS another 2 units
- Highs/Lows (1-18 or 19-36) Payout rate of 1-1 which is your original bet PLUS one more unit
- Odds/Evens (18 numbers) Payout of 1-1 which is your original bet PLUS another 1 unit
- Columns (12 numbers) Payout of 2-1 which is your original bet plus another 2 units
What Strategies are There for Selecting Favourable Odds?
Everyone who has ever bet on the spin of the wheel has used a system or strategy even if they have not realised it. It could be as simple as choosing a favourite number or date, colour or combination of numbers, all of these are systems or strategies hopeful for a win.
There is also a selection of popular strategies that are used by players who use their chips to cover the table in various ways. If they are lucky enjoying a win at roulette they will have one follow on strategy, and if they are unlucky and suffer a loss they will have another roulette strategy to use.
Below is a brief list of some of the most popular roulette strategies/systems:
- The Martingale Strategy (also known as the Double Up) Based on the Martingale system players have to have a big enough money pot to be able to double up their bet each time they suffer a loss.
- The Labouchere Roulette System is a more flexible system than the Martingale roulette system. You choose how much you want to win then create a series of random numbers that add up to that amount. Your wager is decided by adding the numbers at either end of your lists, and wager that amount on any bet with a payout of even money.
- The Fibonacci system was developed form a mathematical sequence. This strategy has been used by many to try to beat the roulette wheel and is also used by those that enjoy baccarat, as well as forex traders.
Some strategies are more aggressive than others, and some require you to have a pen and paper close to hand. Quite a few roulette systems have reverse options, like the Reverse Martingale Roulette Strategy.
Of course winning at roulette is the ultimate aim, and watching as the ball spins the slows before finally jumping into one of the slots (hopefully one of yours!) is quite a thrill. Roulette has always gone hand in hand with the beautiful people, and has been featured in many iconic movies.
Online roulette also brings the thrill of the casino straight to your living room in the form of exciting live options. These can be accessed via your webcam and are streamed from a real casino in real time with a real croupier.
Playing online keeps many players very happy as they are connected all the time to the games that they love, plus as online casinos do not have all the operating costs that their bricks and mortar cousins have they can pass on these savings to their customers. Also, it should be mentioned that online casinos frequently offer free games of roulette so players can try out their roulette strategy without any cost to themselves.
Are There Any Restrictions When Placing a Bet?
Besides the age restrictions that all casinos adhere to, and of course the regional restrictions that can apply, yes there are some restrictions or limitations when you play roulette either online or in a real casino.
Although there are a variety of betting opportunities there are also a few limitations that apply to roulette. There will be notification either at the roulette table or on screen, which is the ‘table limit sign.’ This informs players of any limitations which relate to bet placements.
Different casinos and different games will have different limitations and below is an example of what it could be:
- The minimum chip denomination is £1
- The minimum inside bet might be £10
- The minimum outside bet might be £10
- The maximum inside bet could be £150
- The maximum outside bet could be £3,000
As you can see the maximum for inside bets is a lot lower than the maximum for an outside bet and this is because the payout for inside bets is so much higher. What you have to remember is that you must keep within the casinos minimum and maximum amounts.
The choice is yours whether to make that bet that will payout more but the odds are not as good, or will you stay safe with the higher odds? No matter which choice you make roulette odds certainly add that extra punch to each spin of the wheel.