Knowing your chances of winning in roulette and the pay-out you’ll receive from successful bets is imperative for strategic play.
There is actually a small difference between the odds of winning and the pay-out odds you receive; this is the ‘house advantage’, which is how the casino makes its money.
However this edge also helps to keep the maths simple. As you can see below, some of the odds have extremely awkward decimalisations; rounding them down allows the casino to keep its edge whilst making your life simple. The table below shows the odds of winning and the pay-out attached to each individual type of bet:
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Welcome to CasinoToday’s roulette player guide on the best roulette odds and payouts. In this very first chapter, we cut straight to the chase and run you through the process of understanding the odds,. 3) Roulette – House Edge from 2.7%. Roulette offers varying odds although they ultimately lead to the same house edge on average. For the purposes of our discussion, we are going to use the American Roulette version first, but the calculations will be adapted to get the odds or house edge for European Roulette as well. A European Roulette table has one zero (green), 18 red and 18 black slots. In total there are 37 slots for the roulette ball to land on. The odds that the Roulette ball will land on red is 18/37 = 48.6%. The odds that the ball will land on red two times in a row is 48.6% x 48.6% = 23.6%.
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Different Tables = Different Odds
As you can see from the table, the odds in European and French roulette are better than their American counterpart.
Vegas Roulette Odds
You may think that having an extra 0.055 chance of winning on ‘even bets’ isn’t going to change anything, but that 0.055 can be the difference between the ball landing in a red or a black socket. In roulette, you need to take every advantage coming to you if you’re going to win.
For more information about what each bet means (terminology, the mechanics of betting and so on) you can visit our Bets page. Once you’re clued in, get out there and spin up some wins!