Roulette Odds and House Advantage
Roulette, whether played online or in a brick-and-mortar casino, both are comparatively simple games to play, and offers players multiple betting options and proportionate pay back returns. Still, there are things to learn if you’ve never played a game of Roulette before. To beat live roulette or online roulette, one must know what they are up against. When you learn the odds, you extensively increase the potential of winning the game.
The game of Roulette attracts numerous amounts of players with the biggest payouts of 35 to 1 which mean you can win 35 times the amount of the money bet in one spin. Even if this is so, many players never knew or just ignore the fact that the chances of the number coming up aren’t very high.
So how can we know what bet is not risky or is more profitable?
In all roulette games, the less risky wagers are the even money bets, and then followed by the column and dozen bets, and the inside bets. It also depends on which type of roulette games you play (American or European).
The house edge on a straight up bet (single number bets) in American Roulette with 38 numbered slots is 2/38 or 5.26%, which is almost double the house edge of European Roulette (which has a house edge of 2.7% since there is no double zero spot). So, the chances of you winning in American roulette aren’t as much as the European roulette wheel. However, despite this, American roulette is one of the most popular casino table games in the United States and Canada.
In roulette, the house edge is the same on every bet you make. But that is not to say the odds of winning are identical with every bet. If you bet on a single number, the odds are 1/38, or 2.63%. While the odds of winning even money bets like red/black is close to 50%. There are 18 red numbers and 18 black numbers, so the chances of winning is 18/38 x 100 or 47.37%, which is as close to a coin flop opportunity that you’re going to get in Roulette.
You can make roulette odds more in your favor, by keeping in mind regardless of what roulette strategy or roulette betting system is used, every spin is completely random and independent of each other. Even though a red number has come up ten times in a row, it doesn’t mean a black number is more likely to come up on the next spin, and the same thing can be said about any roulette bet you decide to make.
Useful Roulette Tips
With that being said, the following tips aims to extend your play time in roulette. Some of the tips that I’m about to give are viewed as traditional roulette strategies but they are perfect for players who tend to not risk much or tend to lose as little as they can.
Be sure to only play on European Roulette tables because the chances of winning is much higher than the American roulette game found in most US casinos. Make sure you set a limit for your betting in each roulette session and stick to it. Do not spend all your money in one game. It is not really wise of you if you do so and stick to the table minimum.
After winning when you double your bet, always pocket your winnings and go back to your original bet. This ensures that you are not forced to gamble because you lock up the profits from a big win and won’t lose that much money on the next round should you not pick the correct numbers or colors. Always know how much money you have throughout the game, so you can bet accordingly.
Avoid placing too many inside bets and do not repeat the same betting pattern often. Remember, this is a game based on luck and is very random. If possible, use the surrender rule, commonly known as the “En Prison” rule, if it’s available, and make sure you never follow or play through a five-number bet in American Roulette, as this option is one of the worst roulette bets you can place because it increases the house edge to 7.89%.
Another way to improve your odds in roulette when playing at online casino websites is to claim the largest welcome sign up bonuses available with good wagering requirements, since this is essentially free money being given away by the roulette casino.
So, those are the tips to help put roulette odds in your favor, like every gambling game you need to have a plan, just play it safe and make sure you have fun playing the game.