Roulette Bets, Odds and Payouts
Payouts and odds can be somewhat different for every different type of roulette wheel. Payouts can vary from 1:1 to 35:1 depending upon the type of bet you make which can help in regulating the chances of winning the game. The meaning of payout 1:1 is that with every original bet you get 1 chip more to use. Similarly with 5:1, you can 5 chips in addition to the bet you have placed initially.
What is a 1 to 1 payout in roulette? 1:1 payout in roulette means you receive 1 chip PLUS your original bet.
2:1 payout means you receive 2 chips PLUS your original bet.
See this roulette payout chart:
The advantage a casino has on players is known as House Edge. For instance, your expected loss can be $0.027 on your bet for $1, if 2.7% is the house edge.
Brief information about roulette bets, odds and payouts are provided in this write-up to understand these terms more closely.
Types of Bets on Roulette Wheel
On a roulette wheel, bets are mainly of two types – inside bets and outside bets however the limit of betting for each bet type is different. People usually bet very high on outside bets, because of very high payouts in the inside bets.
Information about different types of bets, odds and placement of chips on a roulette wheel is provided hereunder for your consideration.
Different types of bets, odds, and placement of chip on a roulette
Straight bet: It covers one number with payout 35:1, for instance, it covers a number 3Split bet: It covers 2 numbers with payout 17:1, for example, it covers numbers 4 and 7.Street bet: It covers 3 numbers with payout 11:1, for instance, it covers numbers 6, 7, and 8.Square bet: It covers 4 numbers with payout 8:1, for example, it covers any 4 numbers.Six Line bet: It covers 6 numbers with payout 5:1, for example, it covers any 6 numbers. Colors bet: It covers 18 numbers with payout 1:1, for instance, it covers all red numbers. Dozens bet: It covers 12 Numbers with payout 2:1, for example, it covers a dozen numbers say from 14 to 25 Lows/ Highs: They cover numbers from 19-36 or 1-18 with payout 1-1, for example, it covers numbers 1-18.Odds/Evens: They cover 18 numbers with payout 1-1, for example, it covers all even numbers. Columns: They cover12 numbers with payout 2:1, for instance, it covers any 12 numbers
Race Track Bets
These bets are not offered by all roulette tables. This bet allows the players to bet on particular parts of the wheel. The wording between the race tracks and rules of using this bet can be different at different casinos even if the areas of bet are similar.
It is one of the best bets of the race track which is placed on one number. But the amount of bet on one number splits between 5 numbers which include your original number and 2 numbers on its every side if you bet on a real casino. However, if you choose an online casino to bet on, one chip is automatically placed on your original number and two numbers on its every side, just by clicking on a single number.
Due to various reasons, some casinos pass your neighbor bet to the dealer who in turn informs the Pitt Boss in this regard. It can be due to finding out professional players betting there or to avoid arguments caused by certain misunderstandings between the players.
Finding the best roulette bet for you
Usually, where the ball land is considered the best bet, still you have to consider a few things to find the best bet for you. Actually, it is not easy in every spin to find the winning number as it is not possible to predict the bouncing spot of the ball, however, your accuracy can be better than predicting accidentally. So, to find the best bet, you will have to understand the house edge of the roulette so that you can make it favorable to you by using a bit accurate predictions. You can also focus on the speed of the wheel spun by the dealer to predict the bouncing spot of the ball and the rest of the things can be manipulated easily after understanding the principles of the roulette.
Importance of Roulette Odds
You can know about the possibilities of winning at roulette if you have put your bet randomly with the help of roulette odds. If you use the methods of advantage play to predict the number that can win then odds can change the circumstance instead of focusing on the house edge.
Finding the best odds for the best bets
The best winning odds are different from the edge and payout. Your odds to select the winning number can be the highest if you win every time whenever you bet on any number. But if you are paid an unfair amount based on house edge then you can lose money. So, you should consider the house edge to find the best odds in roulette.
The House Edge
The advantage taken by a casino over its players is known as house edge which can be a very small amount. However, in the long run, this small amount can be enough for a casino if the accuracy of the predictions of the players is more than a random prediction. Though some players can win a few bets in the short term casinos calculate their edge not on an individual player but on thousands of players who have bet on the numerous spins.
When bets are made by speaking instead of placing them actually then they are called announced or call bets. All casinos do not permit this bet as it can increase the risk of cheating the players.
Normally professional players use this bet to bet on a particular segment of the roulette wheel. One can increase the odds of roulette for him by using bets of this type. For instance, your neighbor bet can cover numbers 3, 26, 0, 32 and 15 if you neighbor bet on zero on the European roulette, by using the methods of advantage play. Neighbour bets are placed on the circular race track of the roulette wheel installed o a betting table.
Thus by knowing about roulette bets, odds, and payouts you can easily increase your chances to win lots of money by placing winning bets every time.