Betting:
In the game of roulette a player can bet on a variety of inside bets, this means that they opt to bet on a number upon which they believe the ball will land, or on a selection of numbers.
Outside bets, on the other hand, include bets which are placed on one of the positional groupings corresponding to the pockets on the wheel, or pocket colours and pocket number odds or evens.
The amount that will be paid out varied depending on the probabilities of the bets placed being drawn. The rules for the maximum and minimum bets should be shown somewhere on the table, the probabilities will apply differently to all the bets the player places in one round- a player can not make a collection of categorically different bets and select the odds according to one of the bets, they will each have their own individual pay-out amounts.
Types of Bet:
Inside Bet:
Outside Bet:
Bet Odd table for American Roulette:
|
Name of Bet |
Winning squares |
Payout |
Odds of winning |
Expected value |
|
0 |
0 |
35 to 1 |
37 to 1 |
-£0.053 |
|
00 |
00 |
35 to 1 |
37 to 1 |
-£0.053 |
|
1 |
1 |
35 to 1 |
37 to 1 |
-£0.053 |
|
2 |
2 |
35 to 1 |
37 to 1 |
-£0.053 |
|
... |
... |
... |
... |
... |
|
36 |
36 |
35 to 1 |
37 to 1 |
-£0.053 |
|
Row 00 |
0, 00 |
17 to 1 |
18 to 1 |
-£0.053 |
|
Row 3 |
1, 2, 3 |
11 to 1 |
11.667 to 1 |
-£0.053 |
|
Row 6 |
4, 5, 6 |
11 to 1 |
11.667 to 1 |
-£0.053 |
|
Row 9 |
7, 8, 9 |
11 to 1 |
11.667 to 1 |
-£0.053 |
|
... |
... |
... |
... |
... |
|
Row 36 |
34, 35, 36 |
11 to 1 |
11.667 to 1 |
-£0.053 |
|
five number bet |
0, 00, 1, 2, 3 |
6 to 1 |
6.6 to 1 |
-£0.079 |
|
Column 1 |
1, 4, 7, ..., 34 |
2 to 1 |
2.167 to 1 |
-£0.053 |
|
Column 2 |
2, 5, 8, ..., 35 |
2 to 1 |
2.167 to 1 |
-£0.053 |
|
Column 3 |
3, 6, 9, ..., 36 |
2 to 1 |
2.167 to 1 |
-£0.053 |
|
First 12 |
1, 2, 3, ..., 12 |
2 to 1 |
2.167 to 1 |
-£0.053 |
|
Middle 12 |
13, 14, 15, ..., 24 |
2 to 1 |
2.167 to 1 |
-£0.053 |
|
Last 12 |
25, 26, 27, ..., 36 |
2 to 1 |
2.167 to 1 |
-£0.053 |
|
Odd |
1, 3, 5, ..., 35 |
1 to 1 |
1.111 to 1 |
-£0.053 |
|
Even |
2, 4, 6, ..., 36 |
1 to 1 |
1.111 to 1 |
-£0.053 |
|
Red |
1, 3, 5, 7, 9, 12, |
1 to 1 |
1.111 to 1 |
-£0.053 |
|
Black |
2, 4, 6, 8, 10, 11, |
1 to 1 |
1.111 to 1 |
-£0.053 |
|
1 to 18 |
1, 2, 3, ..., 18 |
1 to 1 |
1.111 to 1 |
-£0.053 |
|
19 to 36 |
19, 20, 21, ..., 36 |
1 to 1 |
1.111 to 1 |
-£0.053 |
NB: In this version of roulette you will be able to notice that the 0's are classified as neither odd nor even.
House Advantage:
To make this easier to understand this explanation is working from the basis that you will bet on the same single number for each bet.
The house advantage is simply the amount that the house takes from the player in relation to their bets. So, if a player were to bet on just one number then, for American Roulette, the probability of the player losing the bet is 37/38 and the probability that they will win is 1/38, however the player will only win 35 times the bet, instead of the figure that you may be expecting to see of 38 times the bet.
If you lose the house takes all your money, 37 times out of 38 they will take your money, if you win you will get 35 times the bet, so over the course of 38 spins (if the probabilities were perfect and each time you spin the wheel the ball lands on a different number) you would lose 37 times, but the one time you win they will not be paying you for the full 38 spins, but for 35 spins and keep the equivalent of 3 spins for themselves, so overall even when you win, they will still win some money too- in real life this works out in favour of the house in the long run when you take into consideration the averages. The amount of the 3 spins being taken from you when calculating your pay-out will give the house an advantage of 5.26%, in European roulette this figure is halved, the difference is accounted for by the extra 00 in American Roulette, in European Roulette the odds are worked out on the basis of 37 spins/numbers.
In a simple calculation this amounts to:
-1 x 37/38 + 35 x 1/38= -0.0526 (5.26% House advantage for American Roulette)
-1 x 36/37 + 35 x 1/37= -0.0270 (2.70% House advantage for European Roulette)
In roulette the house has usually has the same advantage for each bet, but there are some exceptions;
So, as you have probably worked out, the European version is much better for the player, especially when they bet on the Even Money Bets.
Do not get confused though, if the house advantage is 5.26 % this does not mean that they will walk away with only 5.26% of your money, this is the amount that they will not lose on your winning bets over the course of the games. You still lose 37/38 times on average if you always wager on the same single number.
Call Bets:
There are specific ranges of numbers that have certain bets attached to them, with their own particular names.
To place a bet you must place chips in the correct square for that particular series of numbers.
The bets are structured by the way in which they lie next to adjoining numbers on the roulette wheel (NB. The numbers on a roulette wheel do not run sequentially).
Some casinos do not offer these bets; others will offer only a selection of them.
They are as follows:
Roulette: Guide to Betting Part 2
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