A guide to understanding roulette odds – Bet Payouts and Winning Chances in 2023

Home » A guide to understanding roulette odds – Bet Payouts and Winning Chances in 2023

The game of Roulette is a probabilistic one, therefore it’s important to comprehend the odds of various types of wagers, and understand the roulette payouts mechanism before venturing to make either inside bets or outside bets.  

This roulette payout template will help you understand how the odds can affect your earnings.

What are odds in roulette?

The Roulette odds in roulette clearly demonstrate your likelihood of success when you place a roulette bet. The are three prominent varieties of roulette wheel, they are; French roulette, American roulette, and European roulette. For instance, Given that there are 38 digits in the American roulette, the probability of obtaining a specific digit with a straight-up wager are 37 to 1. 

Consequently, the casino or simply, “the house” ends up paying 35 to 1 on roulette bets, similar to the odds on combo wager payments. This is largely attributable to the house edge. It is the fraction of all wagers kept by the casino or house. Odds are often represented by a percentage, whilst the payout is expressed as a percentage of ones wager.

What are the Payout Odds in Roulette?

The American roulette wheel has 38 digits, therefore, the actual odds on a double zero roulette wheel are 37:1. The real payment odds in this roulette is however 35:1 due to the house edge.

This implies that the likelihood of a single digit going on to win on a straight-up wager is indeed 37:1, whereas you’d get payment premised on a 35:1 odds.

Clearly, roulette odds are the biggest of all the games available at casinos making it one of the favorite for most bettors.

How to calculate roulette payouts

Prior to actually venturing into more complex details of roulette, it is necessary to get acquainted with the various kinds of roulette bets. Recognizing the moniker of various wagers, as well as knowing where to place the chip on the roulette table for each wager is essential to succeed.

The prospective roulette payout odds are expressed as a ratio of x:1 for every wager type. This implies that for every 1 unit wagered, you will receive xUnits. For instance, a  single-number wager gives 35:1 in roulette payouts.

Thus , if you succeed after placing a wager of 1unit, you’ll receive your wagered 1unit back as well as an additional 35units.

Calculate your roulette winnings with our roulette payout guide

Our roulette payment table illustrates the likelihood for the various bets available in each of American roulette and European roulette. With different varieties of roulette, the roulette odds also varies.

All the necessary computations have been carried out allowing you to reckon on your prospective roulette payout as you play at the roulette table. 

Odds and potential payout of different bet types

Roulette Payout chart

Find our detailed roulette odds and prospective roulette payout chart for different bets below:

BetsRoulette bet InstancePayoutAmerican Roulette OddsAmerican Roulette House EdgeEuropean Roulette OddsEuropean Roulette House Edge
Low/Highs 1-18 or  19-361:147.37%5.26%48.65%2.70%
ColorRed or Black1:147.37%5.26%48.65%2.70%
Evens/Odds*1:147.37%5.26%48.65%2.70%
ColumnsAny number in 3rd column 2:131.58%5.26%32.43%2.70%
DozensAny of 13-242:131.58%5.26%32.43%2.70%
6 NumbersAny of 4-95:115.79%5.26%16.22%2.70%
5 NumbersAny of 0, 00, 1, 2, or 36:113.16%7.89%
4 NumbersAny of 5, 6, 8, or 98:110.53%5.26%10.81%2.70%
3 NumbersAny of 28, 29, or 3011:17.89%5.26%8.11%2.70%
2 NumbersEither 20 or 1917:15.26%5.26%5.41%2.70%
1 Number735:12.63%5.26%2.70%2.70%

*When La Partage rule applies, i.e, if zero come into play, the player will receive half back for even chance wagers, and the house edge will become 1.35%.

Inside vs outside bets – how do the odds differ?

Types of Roulette Bets - The Best Roulette Bets Explained

Roulette bets are broken down into two groups; inside bets and outside bets. The monikers are derived from the layout of the roulette table and the location where the chips will be placed.

On the roulette table, outside bets have higher chances of being successful but with a reduced payout while inside bets are the inverse; you have a substantially lower likelihood of winning. However, the payout will be significantly higher if you do.

What are the diverse odds for outside bets?

When you place an outside bet, you stand the greatest likelihood of coming out on top as it has different odds. Outside bets wrap a substantial chunk of the potential aftermath of a roulette game. But since your potential for victory are greater, your payout will be modest. You will probably bet a 1:1 for wagers like even or odd which encompass roughly half of the roulette wheel.

Column and dozen bets offer better payments as they only cover 12 digits on the roulette wheel.  They offer about 30% probability of winning with a roulette payout of 2:1. Furthermore, outside bets will be lost if the roulette ball falls on zero or double zero.

Outside bet odds

There are five distinct kinds of  outside bets you can place on the roulette table. They are;

Column Bet: it involves placing 12 numbers in a row. It roughly encompasses 30% of the roulette wheel and the pays out 2:1. The roulette table coverage for European roulette is 32.4%, while American roulette has a table coverage of 31.6%.

Dozen Bet: this lets gamblers wager on 12 digits per spin. The “first, second, and third 12 boxes.  The victorious payment is also 2 ratio 1. Meanwhile, the table coverage for European roulette is 32.4%, while American roulette has a table coverage of 31.6%.

Bet on Color: contains all of the red or black numbers. The wager is placed on all of the black or red ones. The victorious bet gives a payment of 1:1. It’s an extremely simple bet suitable for players with zero game experience.

Bet on Odd/Even: it includes all the even and odd digits. Wagers are placed  either on all the odd or even digits. The payment on victory is 1 to ratio 1 as the table coverage for European roulette is 48.6% and stands at 47.4% for American roulette. Remember also that 0 and 00 ports are not members of the even or odd wagers. If the ball rests on either zero or double zero, you can only win while playing at a French or European roulette table. 

Bet on Low/High: means selecting any of the low or high digits by placing your chips on either 1 – 18 or 19 – 36. This equates to almost 50% of the roulette wheel numbers therefore, it pays out a ratio of 1 to 1.

What are the various odds for inside bets?

Inside bets also has different odds and they are a type of wagers placed on precise figures or group of figures located inside the roulette betting table. Inside bets have a  lower probability of succeeding than outside bets, and this is well compensated for with a bigger payout. Nevertheless, inside bets have the exact same house edge as outside bets.

With this in mind, this wagering technique is likely more suited for players who prefer to take greater chances at the roulette wheel and probably have a huge bankroll.

Inside bet odds

These are the six variants of inside bets:

Straight Up Bet: this is made by placing a chip on top of a single digit. The chances of getting a win are 35 ratio 1. For instance,  straight up bet is positioning your bet on red 16. To secure a win, the ball must land on the exact digit and color.  It’s relatively straightforward but the likelihood of success is very low. Therefore, the subsequent payout is substantial.

Split Bet: this is when punters place bets on two adjoining digits, which are between the numbers. It is also called a dual straight up bet. For instance, 5 and 6, and the payout ratio is 17 to 1.

Street Bet: this occurs when three numbers show up in sequence, with the roulette bet put at the end of the sequence. For instance, 10, 11, 12 or 27, 28, 29.  The likelihood of gaining a victory are 11 ratio 1.

Corner Bet: this is comparable to street bet in that you bet on four digits at a time rather than three. As a result, this bet includes a set of four digits, with the bet positioned on the edge in which the four digits touch. The chance of beating the house is 8:1.

Basket Bet: it makes use of the digits 1, 2, 3, 0 and 00. The stake is positioned in the edge next to the digits 0 and 1. This is only available on American roulette odds table because it involves betting on 00. The chances of succeeding are 6 ratio 1.

The wagers have a low chance of winning and also has a low payout. This implies that the house edge is relatively high. In contrast, all other roulette bets have a house edge of 5.3%, whereas the basket bet has a house edge of 7.9%. At all costs.

Line Bet: this consists of two rows of digits each, with the roulette bet positioned between them just at end of both rows. The likelihood of gaining a victory is 5 ratio 1.

Bets on the American Roulette & European Roulette Wheel

Difference between American and European Roulette Wheels

The prevalent house edge in roulette is 5.26%, as you may be aware. But this is only the American roulette odds. This is because it’s the most popular model of the game?

When playing at an European wheel, the house edge is 2.7%, which is nearly half that of its American counterpart.  The European roulette odds are much better and the specific reason for this is that the American wheel has a ‘0’ and  ’00’ pouch. This implies that each time a player makes a bet, the house gains an edge in the game, particularly when even money bets are involved. Therefore, the European roulette odds are favorable due to the fact that it has one 0 on the roulette table.

Bets on European and French Roulette Wheels

In general, both French and European roulette odds are significantly better than their American counterpart, thanks to the 00 pocket in American version. When additional rules are added, the house edge in French roulette is considerably lowered.

For players who choose to play European or French roulette at an online casino, you may realize that the playing style differs slightly from the more common variants of roulette.

It is feasible to wager on the wheel itself in these variants via the oval or ‘racetrack’ wheel on display. This configuration is rather prevalent in live dealer section or brick and mortar casinos because it allows for faster-paced gameplay.

Wagers are relatively similar, and the game allows players to wager on specific digits, groups of digits, or the color of the winning lot. Both variants have a feature known as a “Call Bet”. This can be used when a player has insufficient funds to pay for their wager. In this case, the house offers them an advance on the roulette table.

Is it possible to improve your odds in roulette?

Ways To Improve Your Roulette Odds

If you’ve always loved roulette, be it online roulette games in top casinos or our land based ones, the following suggestions will assist you in enjoying the game much better. They will inspire you to place wagers as they can boost your odds in roulette and give you better roulette payouts.

Stick to table minimun

Strict adherence to the table lower limit and concentrating on outside bets is one of the most useful advice you should consider as a casino newcomer when playing roulette. For each new spin, wager on either red or black to receive a 1:1 payout whilst still covering 18/38 possible combinations.

Spread out your bets

Another thing you can do is to place two qual stakes on a handful of outside bets to maintain the table activity. One bet can be on a column or the 2:1 paying dozen, while the other can be an even-money wager. You will be in a position to cover more digits twice with these bets.

Play the European roulette odds version

The European roulette variant of the game is played with a single-zero wheel, so your probability will be significantly improved. The house edge is set at 2.63%, which is half of that on the American editions. Furthermore, players can reduce the house edge even further, down to 1.4%. This happens when the ball is resting in the colored pouch with the “0” on it. 

Although American roulette odds are inferior to the European variant, the latter also provides an extremely enjoyable gambling experience, similar to the former. If you have zero game experience, start playing the European version to begin brushing your abilities on it.

Play Free Online Roulette

Playing for free  allows you to put your abilities as well as new tactics to the test without risking money. Check online to find a platform that puts forward both American and European renditions. You can then play for free in demo mode, or use free bet offerings such as the welcome bonus offer.

Acquaint yourself with how the wheel looks and feels, examine the table layout, evaluate the roulette payout chart, and roulette bet so you can make a smooth transition into real money gaming.

Want to learn more about roulette? Check out our guides

Are you new to casino gaming and you need a complete guide to the beautiful game of roulette; the roulette odds, roulette bets, roulette payouts, the roulette payout chart, and many more, follow our guides on prediction formula, or our guide on roulette odds and probability. They will sure put you in the right direction.

FAQs

1️⃣ How do I get the best online roulette odds and payouts?

Study and perfect a strategy as all casinos offer the same version of roulette. Understand the roulette payout chart so as to know when and where to place your bets.

2️⃣ What are the chances when playing online roulette with a technique?

In terms of wagers, the chances of winning a straight-up stake (betting on a single digit) are 35:1, despite the fact that a typical American wheel has 38 numbers i.e,1-36, plus 0 and double zero

3️⃣ Which roulette wagers deliver the biggest odds?

A straight bet offers the highest possible odds in the game of roulette. It has a potential payout of 35:1.

4️⃣ Where do the techniques for rising the roulette odds come from?

The Martingale and Double-O-Seven mechanisms are the two most popular roulette odds techniques. The Martingale method is French and dates back to the 18th century. It has even odds payout bets like Black/Red. The Double-O-Seven strategy was devised by the maker of the James Bond movie franchise, and it demands for a distinctive method for distributing your wagers.

5️⃣ Which roulette wagers have the smallest odds?

The bets with the lowest probabilities are those that have a slim chance of occuring. They are; four numbers (American 10.53%, European 10.81%), three numbers (American 7.89%, European 8.11%), two numbers (American 5.26%, European 5.41%), and one number bets (American 2.63%, European 2.7%).

6️⃣ What is the likelihood to win all the time at online roulette?

There is no certain odds that assures you of a win in online roulette. It is a game of strategy and chance, if you understand your strategy and make wise bets, it can be very profiting

7️⃣ Do all roulette games have the same odds?

No, all roulette games don’t have the same odds.

8️⃣ How to compute roulette odds and its payments?

Figure out the amount of effective instances, count all possible outcomes, and minus the total number of possible results from the number of winning possibilities. The percentage of the number is obtained by multiplying the number by 100.

9️⃣ Does the Zero have the inferior chance in roulette?

The digit zero is one of the least frequent wagers in roulette because it is a single digit and a punter would earn a 35:1 reward if the ball landed on zero. It’s simply because other wagers, such as red or black, outside even money, column, and so on, will not pay out if the ball falls on zero, and it’s seen as a fantastic way for casinos to boost their house advantage.

Casinos value the zero number because it defines the House Edge. When individuals bet on even or odd numbers, red or black, or a completely random wheel, they have a 50% chance of winning. However, it is less than 50% because casinos have a 0 on the wheel.

🔟 What is the highest roulette odds probability?

A wide selection of outside bets on the wheel have probability of 48.60%. Even/Odd, Red/Black, and Low/High stakes, for example, offer the best odds on roulette’s European (48.60%) and American (47.40%) designs. With these roulette wagers, your chances of winning are nearly 50:50.

What are the odds of hitting red or black in roulette?

In American version of roulette, the likelihood of selecting red or black is 47.4%. In European roulette, however, this increases a little to 48.6%, implying that a player’s roulette winnings is basically share equally in both versions.

One Reply to “A guide to understanding roulette odds – Bet Payouts and Winning Chances in 2023”

  • Logan Atkinson says:

    To increase your chances of winning at roulette, there are several tactics you can use. These include choosing the right game, understanding the odds, implementing betting strategies, managing your bankroll, and practicing. Thanks for the article

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