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- Roulette is a drain on your wallet simply because the game doesn’t pay what the bets are worth. With 38 numbers (1 to 36, plus 0 and 00), the true odds of hitting a single number on a straight-up bet are 37 to 1, but the house pays only 35 to 1 if you win! Ditto the payouts on the combination bets.
- If you make a 5 Number Bet in roulette, the payout is only 6:1 and the probability of it coming in is 5:38, or 1:7.6 (13.2%) House Edge. The House Edge on this bet is an eye watering 7.9%. You can only play this on American Roulette. Roulette Strategies that Use the Five Number Bet.
- The ‘split’ bet sees you place a chip between two different numbers, having the available odds to 17:1 and the subsequent value of the pay-out. Similarly, street and corner bets cover targeted lines and sections of the roulette wheel, while paying out at odds of 11:1 and 8:1 respectively.
Roulette offers a bewildering number of betting options, but the bets are actually straightforward enough. In order to make sure you get the correct payout, you’ll want to make sure that you put your chips in exactly the right place on the table. Missing a payout because your chip isn’t in the right spot is a drag.
Roulette payouts are an important part of roulette strategy. They work like this. The odds are stated in the form of x to 1, which means you’ll win x dollars for every dollar you’ve bet. For example, the single number bet offers a payout of 35 to 1. If you win, you’ll get your dollar back plus the $35 for the win.
That’s easy – the best bet in roulette is an even money bet, such as red/black, odd/even, 1-18, or 19-36. As you should already know from reading our roulette odds guide, these outside bets are the most likely to win. These bets have the lowest house edge, hence why they are the best roulette odds you will find.
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Payouts on the Outside Bets
On the edge of the table are a series of bets which are “outside” the 38 numbers on the table. Each of these bets refers to a specific set of numbers or colors. If the ball lands on 0 or 00, you’ll lose on any of the outside bets.
The outside bets include:
Red or Black – This bet pays out even odds (1 to 1) if the ball lands on the color you chose.
Odd or Even – This bet pays out even odds (1 to 1) if the ball lands on odd or even, depending on which you chose.
Low or High – This bet pays out even money (1 to 1) if the ball lands on 1-18 if you bet low, or if the ball lands on 19-36 if you bet high.
Columns – The numbers on the layout are organized into three columns of twelve numbers each. A “columns” bet wins if the ball lands on one of the numbers in the column you chose. This bet pays out 2 to 1 when you win.
Dozens – There are 36 numbers on the table, so you can bet on the first dozen (1-12), the second dozen (13-24), or the third dozen (25-36). This bet also pays out 2 to 1.
Payouts on the Inside Bets
You can also bet on specific numbers and sets of numbers on the inside of the layout. These bets win less often, but they pay out more when you do win. The house edge on the inside bets is the same as the house edge on the outside bets.
The inside bets for roulette include:
Straight-up – This is a bet on a single number. It pays off at 35 to 1.
Split bet – This is a bet on any two adjacent numbers. You place the chip on the line between the two numbers in order to make this wager. This bet pays out at 17 to 1.
Street bet – This bet covers three numbers. You place your bet on the line outside of the three numbers in the row where you want to win. This bet pays out at 11 to 1.
Corner bet – Some people call this a square bet or a quarter bet. It’s a bet on a corner that makes a square, and it’s a bet on four numbers. A win on this type of bet pays out at 8 to 1.
Five-number bet – You can only make one five-number bet, and it’s the only inside bet that offers different odds from all the others. The problem is that it has a higher house edge, making it the worst bet on the table. This bet is on the numbers 0, 00, 1, 2, and 3, and you place the chip on the outside corner line between the 1 and the 0. This bet pays out 6 to 1, but only masochists place this bet.
Six-number bet – Some people call this a line bet. It covers two adjoining rows of numbers. It pays out at 5 to 1.
How Roulette Payouts Give the Casino an Edge
These payouts all have one thing in common—they pay out less than the true odds of hitting a win. That’s why the casino enjoys a house edge of 5.26% on roulette. Your odds of winning are always less than the payout amounts.
For example, the odds of winning a straight-up bet are 37 to 1. There are 37 numbers on the wheel that lose, and 1 bet on the wheel that will win. But the bet only pays out 35 to 1, not 37 to 1, so the house wins more often than it loses.
A split bet offers you odds of winning of 18 to 1, but it pays off at 17 to 1.
I could list all of them, but you get the idea by now. The casino has an unassailable mathematical advantage on every bet. No betting system or strategy can overcome this advantage.
Of course, in the short run, anything can (and often will) happen. This is called “standard deviation”, and it explains why some people walk away from the roulette table as winners. The mathematically true results only come around the closer you get to an infinite number of spins.
So the best way to approach roulette is as a lark. It’s a fun game. You can relax and socialize while you play. But don’t expect to win, because the odds are against you. And if you do win, walk away and smile, because you beat the odds.
Roulette – in movies, on TV, and in literature, it’s often depicted as glamorous, exciting, and ridiculously lucrative for whichever character is playing. While winning big at the spinning wheel seems like a fantasy reserved for James Bond and other fictional high rollers, it is possible to minimize risk and win big at the same time by knowing the best roulette bets. It all comes down to the numbers, and how you want to play them.
In American Roulette there are 38 numbers – 1 through 36, a single zero, and a double zero. Besides the latter two, half the numbers are red, half are black, half are even, and half are odd. The 0 and 00 are green and obviously not even or odd. Betting on those will earn you a payout of 35:1 – but more on all that later.
Now that we’ve got the bare bones of the Roulette wheel and the felt laid out, let’s flesh out only some of the best roulette bets you have to choose from.
Roulette Bet 1 : Red/Black, Evens/Odds, 1-18/19-36
No other game on the casino floor gives players the chance of close to 50/50 odds on a single bet. With the red/black, evens/odds, or 1-18/19-36 bets, you’re giving yourself the chance of hitting almost half the options on the Roulette wheel – the 0 and 00 aren’t counted – which gives you a pretty nice chance of winning. Granted, that means that the payout ratio is lower (1:1, bet $10 win $10) but by the numbers, it’s one of the safest and best roulette bets you can go with when playing the wheel.
Payouts for this can be surprisingly rewarding if you’re willing to risk more money on each bet. Take Ashley Revell – he once bet $136,000 on a single spin of the Roulette wheel. If throwing down that sum of money on a single bet doesn’t sound impressive or at least make you sweat a little, know that the sum was the entirety of Revell’s life savings and the entire event was televised. So if Revell won, he’d double his money and evoke envy and admiration from his spectators; if he lost, he’d lose everything and earn deserved pity.
Revell laid all his loot on red, and the wheel delivered – the ball landed on the red 7, and Revell walked away having doubled his life savings. However, we can’t honestly recommend betting your entire net worth on a single spin of the wheel since we wouldn’t exactly characterize that as successfully minimizing risk.
Roulette Bet 2 : Columns
If a 1:1 payout isn’t exciting enough to motivate you to lay down some chips, you can slightly up the ante and the payout to 2:1 by betting on the columns. By going with this second best roulette bet, you’re bringing your option of numbers down to a little under a third, but betting on a column still covers a significant chunk of the felt while doubling your winnings – a $10 bet will win you $20.
Columns don’t contain consecutive numbers – for example, the first column has 1, 4, 7, 10, 13, 16, 19, 22, 25, 28, and 31 – and the number of red and black numbers differs between each column, a fact that we’ll cover in a moment. And remember, the 0 and 00 aren’t included in any of the columns because they’re special and too good for all the other numbers.
Roulette Bet 3: Black and third column/Red and second column
This third best roulette bet was specifically designed for people who like to hedge their roulette bets, or at least attempt to. The Roulette board is an interesting creature and when studied thoroughly, it may help you score big bucks. On the third column of the board, there are 8 red numbers and 4 black, whereas the second column is reversed, holding 8 black numbers and 4 red.
You, the savvy Roulette player, can take advantage of this layout for some slow but steady gains. If you bet on the red-rich third column and double your bet on the black ($10 on the third column, $20 on the black), you give yourself a solid chance of breaking even or making gains.
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Here’s why: the third column contains more red numbers than any other column, giving yourself a good chunk of red on the wheel. At the same time, you’re betting on black, which gives you a little under half the wheel. The third column has a payout of 2:1, and the black has a payout of 1:1, so your column bet should be half the black bet to break even. This is because if a red number shows up on the third column, you win double your bet, but lose your black bet, which is the same amount – it’s considered a push, since you’re even. It’s the same when a black number comes up: you win your black bet, but lose your column bet. But when a black number on the third column comes up, you pull ahead. This system of betting minimizes the risk while giving you a solid chance of steadily padding your bankroll.
The same thing applies to the combination bet of red and the second column – red gives you just under half the numbers, and the second column has 8 black numbers. Be patient, and this roulette bet could help you earn big gains.
Roulette Bet 4: Straight up
If you care way more about the payout than you do about minimizing risk, your best option is to go with the straight roulette bet. This involves betting on a single number and hoping that Lady Luck is on your side. The risk is extremely high, but the payout – 35:1, $350 for a $10 bet – is pretty freakin’ sweet. Plus, this is the only category that includes the 0 and 00 tiles.
If you’ve got a bankroll of $350, you could technically go through 35 $10 bets in a row before you’re out of the game. And if you win once, you’re up $350. The chances of you hitting the exact number you’re going for is about 2.7% or 1 in 37, but what’s a big reward without bigger risk?
Roulette Bet 5 : Split bet
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If you want to go big but the straight bet gives you the cold sweats, you can still go for a higher reward with a lower risk and choose the split bet instead. This involves placing chips on any two numbers that are next to one another on the felt. This can be either horizontal or vertical placement, and to place the bet you put a chip on the line between the two numbers.
The payout of 17 to 1 is lower than the straight bet, but the chances of hitting your numbers are 1 in 18, which is way better than the 1 in 37 the straight roulette bet offers.
The 5 best roulette bets summarized:
- Red/Black, Evens/Odds, 1-18/19-36
- Columns
- Black and third column/Red and second column
- Straight up
- Split bet
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Put these winning roulette bets to the test
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