- Payout is an expected amount of money the player can get regarding the roulette bet placed. Payout is an expected amount of money that the player can get based upon the bet placed. Payouts in online roulette are as in any other gambling game dependent upon the probability of a number coming up.
- As mentioned earlier, payout odds differ from one type of Roulette to another. Let’s have a look at payout odds in American, European, and French Roulettes. American Roulette Odds. American Roulette has the highest house edge among the three types of roulettes. The following table shows various bets, roulette odds, and their payouts.
- When looking through roulette payouts, if you're betting on red/black, it pays 'even money 1:1' and same with betting even/odd. But if you're betting '12 numbers' the payout is 2:1. Does that mean on a 1:1 payout you just get your money back? Also sometimes there are 1:2, do you lose money? Thanks for the help.
The American roulette wheel features the green 0 and 00, while the European roulette wheel features just the single green 0. Let's first cover the green payouts for the American roulette wheel. If you place a bet on 0, you would receive a payout of 35 to 1 if your bet hits.
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.
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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.
When you’re trying to decide what the “best” bets in roulette are, you have to decide what is going to make you happiest when you’re playing. Some people want to enjoy frequent small wins and stay in action for as long as possible. Others like the thrill of hitting big wins less frequently, even if it means sometimes going broke faster.
Other gamblers might want to find the bets which offer the lowest house edge. On most roulette games, the house edge is the same for every bet but one. Choosing which game to play becomes the road to a lower house edge for those players.
This page examines the various bets in roulette and compares them with various players’ goals so that you can choose which bets will bring you the most thrills, excitement, and fun.
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The Best Bets if You Want to Spend a Lot of Time Gambling
Variance is the term used by gamblers and mathematicians to describe the swings in your bankroll that are caused by statistical deviation. Usually, the higher the payout is, the lower the variance is. Some examples help illustrate this.
If you’re playing roulette and making straight-up bets on a single number, you’re going to win 35 units when you win, but you’ll only win (on average) once out of every 37 hands. This is a higher variance option than an even-money bet.
With even-money bets, you’ll win a lot less—the same amount that you bet. But you’ll win a lot more often—47.36% of the time, which is almost every other bet.
If you’re interested in spending a lot of time at the table, then the way to do so is to stick with the lower payout bets, because you’ll lose less often. Your money will eventually all go to the casino if you play long enough, but it will last longer, and you’ll have more fun.
The Best Bets if You Want the Thrill of Winning Big Bucks
What Does A Roulette Wheel Payout
Of course, if you’re just looking for the thrill of a big win, the only bet that makes sense is the straight-up bet, which offers a payout of 35 to 1. If you place a $100 wager on a single number and win, you’ll get $3500 for your trouble.
The only problem with this choice is that you can lose a lot of money very fast. But that’s true of any gambling game in which you have the potential to win a big dollar amount on a single bet. The payoff might not be as big as a progressive slot machine jackpot, but you will see the big win a lot more often on this roulette bet.
How to Get the Lowest House Edge on Roulette
In American roulette, there are two types of bets—the ones with a house edge of 5.26% and the one bet with a house edge of 7.29%. If you want to minimize the house edge on an American roulette game, then it’s easy. Just avoid the five-number bet, which is the only bet with the higher house edge. All of the other bets on the table offer a 5.26% house edge.
If that house edge is still too high, then your next step is to find an American roulette game that offers the surrender option. These can be found in some Atlantic City casinos. The house edge on this game is cut in half, to 2.63%, because the house only takes half your bet when you lose on the even money bets. Surrender only applies to those bets which offer even money, though.
Another option is to play European roulette, if you can find it. That game only has a single zero on the wheel, which reduces the house edge to 2.70%.
The best bet in roulette is on a European roulette table which offers the en prison option. This reduces the house edge by half again, making it only 1.35%. Here’s how it works:
On a European roulette game with the en prison rule in effect, your even money bet becomes “imprisoned” when the ball lands on the zero. The result of the next spin of the wheel determines your outcome. For example, if you bet on black, and it lands on zero, then you’ll get your bet back if the next spin lands on black. If it lands on red, you lose the bet.
Roulette Betting Chart
Roulette Payout Chart Pdf
Roulette Systems and the Worst Bets You Can Make
What Does Roulette Payout
In a larger sense, the worst bets you can make are on worthless roulette systems. All betting systems for roulette are equally nonsensical, so as long as you avoid them, you’re making some of the better bets at the table.
The reason for my strident-sounding condemnation of roulette betting systems is that they offer false hope. I know lots of people like to think that you can control the universe by thinking positive thoughts, but the reality is a little bit different. That’s true regardless of what nonsense is spouted in books like The Secret.
What Does Roulette Payout Straight Up
No one is well served by delusion. So don’t delude yourself into thinking that you can come up with some clever way to beat roulette. People have tried for hundreds of years and the only ones who succeeded were the ones who got lucky.
And you don’t get any control over the luck in roulette, other than choosing bets with a lower house edge whenever you can