The House Edge

1. Roulette Odds Payout For 00
2. Roulette Odds Table
3. Roulette Odds Payout Calculator
4. Roulette Green 00 Payout Calculator

The most classic bet in roulette is the red or black bet. This means that you can bet on on of the colors, let’s say red, and if the ball stops on any of the red numbers you win, and any other color will lose. The roulette odds is seemingly 50-50 for both of the outcomes, and the bet payout would be 1:1, you get double your money back. However, when you look closer at the roulette odds table, you see that while the payout is 1:1, the probability of winning the bet is only 48.6%, where did the other 1.4% go?

Roulette Odds Payout For 00

Most inside wagers come with a chance of around 50%. Overall, the odds are around 48.60% for even money bets if you’re playing the European variant, and 47.37% if the wheel is American. And the odds of winning on inside bets vary from 2.70% to 32.40%.

Roulette Odds Table

This is what is called the “House Edge”, the casinos fee for running the game, employing dealers and entertaining guests that aren’t gambling at the moment, and it exists because of the green zero on the roulette wheel. You see, since we don’t include the zero in the calculation of payouts, the will always be a small difference in the roulette odds and the roulette payouts. In the case of the red or black bet, the payout on either outcome is 1:1, but the different chances on the respective outcomes are 48.65% for landing on a red number, 48.65% for landing on a black number and 2.70% for landing on the green zero. The roulette house edge is therefore 2.70%

Roulette Odds Payout Calculator

Roulette Green 00 Payout Calculator

• Out of all the casino table games, blackjack offers the best odds. Roulette odds are still great, though. As you will see from checking out our roulette payout chart, European roulette odds are better than American roulette odds. This is because European roulette features a single zero. Roulette games with a single zero have a house edge of 2.7%.
• Straight Bets: We recommend straight bets to new players because of their potential for massive payouts, as they pay 35-1 – which is the highest roulette odds on the table. If you want to manage your risk, you can also make multiple straight bets on each spin.
• The Types of Roulette Bets, Roulette Odds and Chip Placement (1) Straight (1 number): 35-1 payout (pays your original bet PLUS 35 units). The example covers number 2.
• The betting odds in roulette of hitting a single number with a straight-up bet are 37 to 1, since there are 38 numbers (1 to 36, plus 0 and 00). However, the house only pays out 35 to 1 on winning.