Introduction to Roulette Odds

May 8, 2023

Online roulette is a classic casino game purely based on chance. Though the gameplay is simple, there are complex bets and odds that players must understand to boost their winning chances. The two main betting options are inside and outside bets. Knowing the roulette odds of each type is fundamental to developing a successful strategy. In the Land of His Majesty King Billy, you can access exciting games offering different bets with varying odds and payouts. Create an account at King Billy to play your favorite online roulette titles for attractive winnings.

A Brief Overview of How Odds in Roulette Work

Roulette odds are the probability of having a particular outcome, usually expressed as a percentage or ratio. They depend on the types of bets and the number of pockets on the wheel. European online roulette has a single zero pocket, so players enjoy better odds than American roulette, which has an extra double zero pocket. French Roulette has a similar wheel structure to the European variation. There are two types of bets in roulette: inside and outside bets. Inside bets are wagers on specific numbers, or groups of numbers, while outside bets involve the table segments with the red or black color and odd/even or high/low numbers.

Although the chances of winning roulette for inside bets are lower than the alternative, they have higher potential payouts. For instance, a straight-up bet has odds of 2.7% on a single zero table, but the payout is 35:1, which is substantial. On the contrary, even-money bets have odds of 48.6%, but the payout is only 1:1. So they are more likely to win, however, these bets only give back an equivalent of your stake.

How Do You Calculate Roulette Payouts?

Every punter needs to know how to calculate roulette payout odds before even playing. During the game, payouts depend on the value of your original stake and the winning odds, which vary depending on the type of bet. To calculate the potential payout, choose your preferred betting option and find out its roulette table odds. Then, you can multiply them by your wager to derive the potential payout.

For instance, if you place a $10 straight-up bet with 35:1 odds and it wins, you receive the stake times thirty-five, which equals $350. Conversely, for a winning red/black bet of $10, you receive an extra $10 since the payout is 1:1. Note that it can be quite tricky to calculate the payouts for more complex betting options like corner bets and split bets.

What Are the Odds & Payouts for Inside Bets?

In roulette, inside bets involve wagering specific numbers or number groups on the wheel. They have lower chances of winning but higher payout odds on roulette compared to outside bets. The odds and payouts of inside bets vary depending on the types of bets and the wheel structure. Learn about the different bets below.

Straight-Up Bet

A straight-up bet is a wager on a single number with winning odds of 2.7% for single zero variations. It offers a payout of 35:1 if you win. If the wheel has an extra double zero pocket, the odds decrease to 2.63%.

Split Bet

A split is a bet on two adjacent numbers, which has odds of 5.4% on a single zero table. For a version with double zeros, the odds are 5.26%. Splits have a payout of 17:1.

Street Bet

A street bet is a wager involving three numbers in a row with a payout of 11:1. In a single zero game, the odds are 8.1% for this betting option. Conversely, a double zero game has street bet odds of 7.89%.

Corner Bet

A corner bet is also called a square bet and involves four numbers meeting at a corner. It has odds of 10.8% on a table with a single zero pocket and 1053% on one with an extra double zero pocket. The payout for this type of bet is 8:1.

What Are the Odds and Payouts for Outside Bets?

If you place stakes on the table segments with higher number categories like red/ black, odd/even, or high/low, these are known as outside bets. Although they offer lower payouts than inside bet options, their odds on roulette are much higher and likely to entice beginners. The main types of outside bets include even-money bets, dozen bets, and column bets.

Even Money Bets

An even money bet is a type with the roulette best odds, where players wager red or black, odd or even, or high or low numbers. It has odds of 48.6% in variations with a single 0, but this reduces to 46.37% for those with an additional 00. However, the payout is 1:1, which means you win exactly your original stake amount back.

Dozen Bets

Dozens are bets involving the three groups of 12 numbers, namely 1-12, 13-24, or 25-36. Their payout is 2:1, so players receive double their stakes on these bets. The winning chances for dozen bets are 32.4% if the wheel has a single zero and 31.58% if there is a double zero pocket.

Column Bets

Columns are types of outside bets covering the three vertical columns of numbers on the table. They have the same payout of 2:1 as dozen bets. For a column bet, the roulette table odds are 32.4% for a single zero wheel and 31.58% for that with an extra 00.

Which Roulette Bet Has the Worst Odds?

The roulette bet with the worst odds is the basket bet, also known as the five-number bet, which is only found in the American variation. On the table, this bet covers pockets 0, 00, 1, 2, and 3, offering winning odds of 13.16%. So, if you place a basket bet worth $50 and win, you become eligible for a 6:1 payout which means your stake is multiplied times six to equal $300. Though the payout seems attractive, the roulette odds for this bet are lower than that of the other bets on the table.

Furthermore, the five-number bet has a house edge of 7.89%, which is the highest of any betting option in the game. This means the house keeps about 8 cents on every dollar in the long run, which does not favor the player. Therefore, King Billy Nobles should avoid basket bets and choose other options with lower house edges and better odds on roulette to enjoy a profitable experience.

Differences Between Bets on American & European Roulette Wheels

There are two popular types of roulette, namely American and European Roulette. While they share many similar rules and numbering patterns, these variations differ based on the number of pockets on their wheels. For the European version, the wheels display 37 pockets with a single zero pocket. However, the American version has 38 pockets, including a single zero and a double zero pocket. The presence of an additional zero pocket in this variation makes its odds and payouts significantly different from that of the European alternative.

Due to this structural alteration, the house edge of American online roulette is slightly increased, making it an unfavorable option for punters. Here are some differences between the bets on American and European wheels:

1. A straight-up bet in the European title offers odds of 2.7% with a payout of 35:1. So the house edge is only 2.7%. But, for its American counterpart, the odds are 2.63%. Since this version has an extra double zero pocket, the house edge is 5.26%.
2. For even money bets, the European version boasts odds of 48.6% and a 1:1 payout. In the American version, these odds reduce to 47.23% though the payout stays the same.

From the above examples, you can identify the variation with bets having lesser odds and higher house edges. Therefore, players who desire the best odds and payouts should choose the European variation over the American one. Both variations have similar betting options but with varying roulette odds.

Why Should You Consider Roulette Odds When Choosing a Bet?

Before playing any games, it is essential to understand the roulette odds so you can choose the best bets to place. Knowing the odds and payouts of the various bets empowers you to make informed decisions on your stakes, and boosts your winning chances. Roulette is primarily a game of luck, but you can improve your winnings by only selecting bets with lower house edges and higher payouts.

Furthermore, you must always remember that no roulette betting strategy guarantees sure wins. However, it is easier to maximize your chances of success with good knowledge of the roulette odds and a commitment to responsible gambling. So, you should learn about the different types of bets and their winning chances to effectively apply your betting strategies. Play top-notch roulette titles at King Billy for a memorable gaming adventure.

FAQs

How do I place a bet on roulette?

The process of placing a bet is simple. First, select your chip size and your bet amount. Now, choose the color, numbers, or groups of numbers you wish to bet on. Click the Spin button to release the virtual ball into the wheel, then wait for it to stop spinning. You win the game, if the ball lands on a number or color matching your bet, and the payout is added to your balance.

What are the odds of having a 0 in roulette?

The odds of 0 in roulette depend on the wheel structure of the roulette variation. European and French roulette has only one 0 pocket, and the odds of hitting it are approximately 2.7%. Conversely, American roulette has an extra 00 pocket and its odds are slightly lower at 2.63%.

Is roulette the game with the best odds?

Though roulette is an entertaining game, its odds are not the best compared to other casino titles. Most roulette bets have a house edge of about 5%, which is higher than for other games like blackjack and baccarat. However, you can try even-money bets in the French or European versions, as their house edge is 2.7%, making them a great way to maximize your funds.

How do I increase my odds of winning in roulette?

There is no sure way to win roulette games, but you can increase your chances by learning a few strategies. First, you can focus on even-money bets, as they have the best odds of 48.6%. Also, you can adopt a roulette betting strategy, such as the Martingale system, which involves doubling your bet after each loss and reverting to the original amount after winning. However, you should know that no betting strategy guarantees a perfect chance of winning.