Roulette Payout Chart: A Detailed Understanding of Betting Odds and Strategies
Roulette payouts and odds vary from one type of wheel to another. The American roulette payout chart is based on both single and double 0 pockets. The European payout charts are based on a wheel with only a single green 0. The type of bet determines the risk and subsequent odds. For instance, the most common roulette bets are “inside” and “outside” wagers. Both bet types have different betting limits, and you can typically bet higher on the outside bets. The main reason is the payouts on inside bets are higher.
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Roulette Bets With The Best Odds
The best winning odds are somewhat different to the payout and house edge. If you bet on every number, you would win every time, therefore, your odds of selecting the winning number are at the highest. You would still actually lose money since you will be paid an unfair amount, which is the house edge. Rather than considering the best roulette odds, consider the house edge instead, since it is the same on all bets.
The Role of the House Edge in Roulette
The house edge is the advantage a casino has over its players. With the European roulette payout chart wheel, that edge is 2.7%. For the American roulette payout charts, the house edge is 5.26%, which is considerably greater. However, in both cases, it is still an insignificant advantage for the casino. Unless the accuracy of your predictions is better than random, that minor edge is enough so the casino can profit long term. It is, of course, inevitable that players win in the short term; nevertheless, the casino will think in terms of thousands of spins and players, not an individual player.
Understanding Roulette Bets: Inside vs. Outside
If you want to make the most of your roulette experience, you should be clear about the bet types. They include;
Inside Bets Explained
Inside bets are placed on specific numbers or combinations of numbers on the inner part of the roulette table. They generally offer higher payouts but have lower odds of winning.
- Straight (Single number): Betting on a single number. The chip is placed directly on the number.
- Split (Two numbers): Betting on two adjacent numbers. The chip is placed on the line between the two numbers.
- Street (Three numbers): Betting on three consecutive numbers in a horizontal line. The chip is placed on the edge of the line at the end of the row.
- Square (Four numbers): Betting on four numbers that form a square. The chip is placed at the central intersection of the four numbers.
- Six Line (Six numbers): Betting on two adjacent streets, covering six numbers. The chip is placed at the intersection of the two streets.
- Top Line (American Roulette): Betting on 0, 00, 1, 2, and 3. The chip is placed at the intersection that includes the 0, 00, and the first row (1, 2, 3).
- Top Line (European Roulette): Betting on 0, 1, 2, and 3. The chip is placed at the intersection that includes the 0 and the first row (1, 2, 3).
Outside Bets Explained
Outside bets are placed on various groupings of numbers, colors, or whether the numbers are odd or even. These bets are typically found on the outer part of the roulette table and offer lower payouts but higher odds of winning.
- Dozen (12 numbers): Betting on one of the three dozens (1-12, 13-24, 25-36).
- Column (12 numbers): Betting on one of the three columns of numbers. The chip is placed at the bottom of the column.
- Red/Black (18 numbers): Betting on either all red numbers or all black numbers.
- Even/Odd (18 numbers): Betting on either all even numbers or all odd numbers.
- Low/High (1-18 or 19-36): Betting on either the low group of numbers (1-18) or the high group of numbers (19-36).
Comparing European and American Roulette: Payouts and Odds
European Roulette
| Bet Type | Payout | Odds of Winning |
|---|---|---|
| Straight (Single number) | 35:1 | 2.70% |
| Split (Two numbers) | 17:1 | 5.41% |
| Street (Three numbers) | 11:1 | 8.11% |
| Square (Four numbers) | 8:1 | 10.81% |
| Top line (Four numbers) | 8:1 | 10.81% |
| Six Line (Six numbers) | 5:1 | 16.22% |
| Dozen (12 numbers) | 2:1 | 32.43% |
| Column (12 numbers) | 2:1 | 32.43% |
| Red/Black (18 numbers) | 1:1 | 48.65% |
| Even/Odd (18 numbers) | 1:1 | 48.65% |
| Low/High (1-18 or 19-36) | 1:1 | 48.65% |
American Roulette
| Bet Type | Payout | Odds of Winning |
|---|---|---|
| Straight (Single number) | 35:1 | 2.63% |
| Split (Two numbers) | 17:1 | 5.26% |
| Street (Three numbers) | 11:1 | 7.89% |
| Square (Four numbers) | 8:1 | 10.53% |
| Top line (Five numbers) | 6:1 | 13.16% |
| Six Line (Six numbers) | 5:1 | 15.79% |
| Dozen (12 numbers) | 2:1 | 31.58% |
| Column (12 numbers) | 2:1 | 31.58% |
| Red/Black (18 numbers) | 1:1 | 47.37% |
| Even/Odd (18 numbers) | 1:1 | 47.37% |
| Low/High (1-18 or 19-36) | 1:1 | 47.37% |
Special Roulette Bets: Call and Neighbour Bets
Call Bets
Called or announced bets are bets that are made by speaking them, without actually placing the bets. These types of bets are not permitted in all jurisdictions, mostly because it creates opportunities for cheating players to place bets without having any money.
Neighbour Bets
These bets are popular among professional roulette players. The bets are placed on particular physical sectors of the wheel. They are the only types of bets that will increase your roulette odds. For instance, a neighbour bet on zero for the European roulette typically covers numbers 3, 26, 0, 32, and 15 since the sector-based bets create advantage play methods. It is particularly true for European roulette, whereby a neighbour bet goes to the dealer, who will subsequently announce the bet.
From a professional roulette player’s point of view, it isn’t wise to do that too often as it will attract unwanted attention on the casino floor. Of course, you don’t have that problem playing roulette online. Neighbour bets are generally placed on a circular representation of the roulette wheel on the betting table or race track.
Debunking Common Roulette Misconceptions
Common misconceptions of roulette betting is to increase the bet values after a loss without consideration to predicting a winning number. Since roulette is all about a winning number, the idea is to bet on that. However, practically all roulette systems don’t consider why the ball lands precisely where it does and the variables that can affect where the ball lands. With a straightforward system, it may advocate betting on red, and increasing the size of the bet after suffering a loss. In theory, increasing your bet value will enable you to claw back losses. The reality; however, is that you are essentially increasing your bet amount on the next spin of the wheel. There is absolutely no correlation to subsequent spins in the way a betting system tends to assume. The odds of the ball falling on red or black always remain at 50/50, neglecting the zero.
Identifying the Most Effective Roulette Bets
To make the most of American and European roulette payout charts, you need to focus on where the ball lands next. Although it’s impossible to predict exactly, on most wheels it is possible to at least predict which area the ball bounces to with better than random accuracy. The house edge is minimal, so you only slight accuracy with predictions to swing the house edge in your favour. Roulette is far more predictable than you might think.
The Importance of Understanding Roulette Odds
Roulette odds infirm you how often you may expect a win, if the betting accuracy is no better than random. However, If you utilise advantage play roulette methods using physics to predict which number will win, the odds change, and the player’s edge is the focus. The European roulette winning odds are 1 in 37 if betting on a single number. However, with online roulette, you could win as often as 1 in 10 wheel spins. You can essentially triple your winning odds, making typical roulette odds irrelevant.
FAQ
What's the Difference Between Inside and Outside Bets?
Inside Bets: High payout, low winning chances, placed on specific numbers. Outside Bets: Lower payout, higher winning chances, placed on number groupings like red/black or odd/even.
What's the House Edge in Roulette?
European Roulette: 2.7% house edge. American Roulette: 5.26% house edge. This is the casino's advantage over players.
What's the Best Bet for Good Odds?
Bets on red/black, even/odd, or high/low offer the best odds with nearly a 50% chance of winning in both American and European roulette.
What's the Key to Effective Roulette Betting?
Understanding the odds is crucial. Regular bets have a near-random chance of winning, but using physics-based strategies can potentially increase your chances.