Before playing casino games with real money, it is only prudent that the odds of winning and losing be clearly understood. This is particularly important in Roulette, as every bet has a unique mathematical chance of winning and losing. Of course, these odds might be influenced by the variant of Roulette being played and the applicable wagering rules.
As you are no doubt aware, European Roulette boasts a lower house edge and consequently better odds than the American version. Depending on the European Roulette variant being played, such rules as “en prison” and “la partage” can be applicable, with these making possible better odds for the player than the standard European Roulette version.
The key to consistent wins at Roulette rests in the complete understanding of the odds and probabilities found throughout the game. And promoting such understanding is the aim of this article.
The primary types of bets in Roulette are inside and outside bets. These are so-called due to where the chips are laid on the table when playing them. Outside bets have better winning chances but pay small amounts, with the reverse being the case for inside bets.
Outside bets are preferred by lots of players as it’s low risk. Even money bets are the most popular forms of outside bets, have winning odds that are nearly 50% and pay out 1:1. Column and Dozen are another forms of outside bets. These kinds of bets cover a dozen numbers featured on the Roulette table. The odds for winning these kinds of bets are 32.43% in European Roulette and 31.58% in American Roulette. These kinds of bets pay out at 2:1.
Inside bets enable players to either bet on one number or a group of numbers. While the odds of winning these kinds of bets are low, the payout is much larger.
Called bets can only be found on the French and European version of Roulette. They are of two types, fixed and variable- and the numbers wagered on are combined based on their place on the wheel.
Neighbours of Zero- this bet covers a total of 17 numbers found on the wheel that is in close proximity to the zero. Winning odds are set at 45.9% and the payout is variable but capped at 24:1.
As for the variable bets, these include such types as the Neighbors, with bets being placed on any 5 adjacent numbers. Winning odds, in this case, is set at 13.5%.
The other such bet is called the “Finals.” It involves betting on the final digit and offers winning probabilities of from 8.1% to 10.8%.
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Blog Title: Roulette Odds And Probabilities: All You Need To Know
Posted On: 16/11/2018
Author: William Roberts