A Complete Guide On Roulette Odds and Payouts

Roulette might be a game of chances, but its foundation still bases itself on mathematical equations. Consequently, each type of bet in this game has a different probability. It is one of the features of roulette that makes it a casino classic. It allows you to enhance your odds of winning by choosing the correct bet.

Therefore, before you spin into the roulette world, you must understand the intricacies of roulette odds and payouts. Once you figure out how to calculate your odds of winning, you can choose your bets more wisely.

To help you kick-start your roulette journey, we present a comprehensive guide on how roulette odds and payouts work. This guide will equip you with all the knowledge you need to understand the game and sharpen your grasp on the numbers behind the spins. 

So, stick to the end to unveil the secrets of roulette payouts and odds!

What Are The Odds In Roulette?

Odds in roulette symbolise your chances of winning a bet. For instance, in roulette (with 38 numbers), the chances or odds of hitting a number with a straight-up bet are 37:1 or 37 to one. 

However, with the same odds for combination bet payouts, the house only pays out 35 to 1 winning bets. It’s mainly due to house edge, which refers to the percentage the house keeps for itself of all bets. 

You will notice that odds are typically displayed as a percentage in casino games, while payout is in ratio to your bet. 

Furthermore, the roulette house advantage is influenced by extra zero pockets, depending on the bet payout and the game version. American roulette comes with two zero pockets, while European roulette has one zero pocket. The odds of roulette can also vary based on inside and outside bets. 

As a player, you can select the type of bet you want to place and choose as many options as you wish on the table to tailor the level of risk for every spin. 

Straight bets are often the riskier, considering they are comparatively hard to land. However, they also provide the biggest prize. 

Now that you are familiar with the basics of roulette odds let’s explore the different types of bets to understand which type has the biggest payouts.

Inside Bets Odds And Payouts In Roulette

Inside bets in roulette refer to the sets of numbers or particular numbers residing on the inside of the roulette betting table. Inside bets may have a lower chance of winning than outside bets, but their enormous payout potential makes up for the risk. Also, the house edge on inside bets is the same as on outside bets. 

Here are the noteworthy inside bets in roulette:

1. Straight up

It refers to betting on a single number with a potential payout of 35 to 1 and (35:1, 37/1 odds in case of American roulette). The odds you will enjoy with straight-up bets are around 2.70% and 2.63% for European and American roulette, respectively.

2. Spill

t involves betting on two adjacent numbers on the board by placing a chip on the line separating them. The payout in American and European roulette is around 17 to 1, while the odds lie between 5.26% and 5.40%.

3. Street

What if you bet on three numbers in a row, like 1-2-3, it will be a street bet. You will place the chip on the line near the end of the row and enjoy a payout of 11 to 1 in European and American roulette. The winning odds on roulette for this bet are approximately 8.10% for European roulette and 7.89% for American roulette.

4. Corner or square

Corner betting in roulette requires you to bet on four numbers that form a square, such as 1-2-3-4 and place a chip on the centre point where the corners meet. American roulette odds and payouts for Corner or square bets are around 10.52% and 8:1, respectively. The European roulette offers the same payout with winning odds of 10.81%.

5. Six line or Double Street

It refers to betting on two adjacent rows of numbers by placing a chip on the line intersecting the two rows. The payout for this roulette bet is around 5 to 1 for all the popular game versions, and the winning odds range between 15% and 16%.

6. Trio

Betting on three numbers, including at least one zero, is well-known as a trio. The payout and odds for a trio vary depending on the table layout.

There’s another inside roulette bet that only exists in American roulette. Known as a Basket bet, it involves betting on the numbers 0, 00, 1, 2, 3. If a player hits the basket, the amount will be multiplied by six and distributed along the bet amount.

Moreover, the inside odds on roulette are long. Simply put, you have a slight chance of predicting the winning number. In American roulette, the probability of correctly guessing the number is only around 2.63%. While the odds improve with every number added to the bet, the potential payout reduces. 

The advantage of inside bets is their higher payouts. However, to enjoy the payouts, you will need a flexible bankroll to bet for multiple rounds, even if you lose.

Outside Bets Odds And Payouts In Roulette

Outside bets refer to the bets placed on the roulette table’s outside line. These bets are most common due to the wide selection of numbers they cover. They offer more favourable chances of winning and considerable payouts. 

For instance, bets like even or odd that cover nearly half of the wheel have an approximate payout of only 1:1. Other outside bets, like dozen and column, offer slightly better payouts, covering 12 of the numbers on the roulette wheel. This type of bet gives roughly 1 in three chance of victory with a potential payout of 2:1. Also, if the ball lands on 00 or 0, you may lose an outside bet. 

Let’s look at the popular outside bets and their roulette payouts!

1. Red or black

If you bet on the colour of the number, you can expect a payout of 1:1.

2.Odd or even

Betting on whether the number will be even or odd will give you a payout of 1:1.

3. High or low

It involves betting on whether the number will be in the (1 to 18) or high (19 to 36) range. Similar to the previous bets, the payout is 1:1.

4. Dozen bet

Betting on one of the three dozen dividing the table (1-12, 13-24, or 25-36) can help you get a payout of 2 to 1.

5. Column bet

Lastly, if you bet on any of the three columns of numbers, you can enjoy a payout of 2:1.

Outside bet roulette payouts are similar across the different versions of the game. Therefore, you can freely enjoy the European and American versions of the game without the fear of missing out on better odds.

Furthermore, considering all bets face similar roulette house advantages, the best bets depend on your aim and playstyle. 

Straight bets will be your best option if you aim to chase long odds that lead to big prizes. On the contrary, you can cover nearly half the table’s numbers if you are looking for frequent, even-money payouts.

How To Calculate Roulette Payouts?

Since roulette odds and payouts can vary based on several factors, knowing the formula to calculate the potential payout can be helpful. Lucky for you, calculating roulette payouts is much easier than people anticipate, whether you play roulette at an online casino or offline.

The potential roulette odds are displayed for each bet type in the amount of “x:1”. It means you will receive “x” dollars for every dollar you bet. For instance, as previously mentioned, single-number bets offer a 35:1 payout. This means that if you win, you will receive a dollar back and $35.

To calculate the “x”, divide the number 36 by the number of squares your bet covers on the table. Then, subtract one from that figure and get the value of “x” or the payout odds. 

For example, if you place a three-number bet, divide 36 by 3 to get 12. Then, subtract 1, which will give you 11. Therefore, the payout rate for a three-number bet is 11:1.

The Odds Difference Between American And European Roulette

Have you paid close attention to the roulette payout and odds mentioned above, you have probably noticed a slight disparity between American and European roulette odds. Overall, the RTP in European roulette is around 97.30%, while American roulette has an RTP of 94.74%.

Although the difference is slight, it can still significantly impact your game. Therefore, taking notes of these differences is essential. 

But have you asked why does this disparity exist?

The answer lies in the table of these two different versions of roulette. European roulette only contains one green 0 on its wheel. American roulette, on the other hand, has two green pockets (0 and 00).

As a result, European roulette has 37 pockets, while American roulette has 38 pockets. Hence, if you bet on a single number in European roulette, you will have one in 37 chance of landing the ball on that number. However, the odds will go up to one in 38 chance with American roulette. 

The 00 pocket addition in American roulette decreases the game’s odds. For instance, if you bet on the colour, the green pocket in European roulette will drop the odds of landing on the black/red square to 48.65%. The two green pockets in American roulette take the odds further down to 47.40%.

Therefore, if you want to play safe and reduce the edge of your roulette odds, always select European roulette.

Can You Improve The Odds In Roulette?

Influencing roulette odds is nearly impossible. However, with a good knowledge of the odds and payouts, you can choose your best more carefully and reduce the risk of coming back empty-handed. 

In addition to learning about the odds calculation, you can try a few methods to maximise your chances of winning. 
Here are a few of those methods to help you get started:

1. Come to the game fully prepared:

The odds of different bets in roulette vary significantly. If you wish to make the most of your bankroll, read up on the odds of individual bets before you begin playing. If you are playing roulette in an online casino with good payouts, remember some casinos display the odds of each bet within the game.

2. Choose your roulette bet wisely:

Determining between American, French and European roulette can be confusing. The only way to make informed decisions is to familiarise yourself with the different odds and payout potentials. Knowing whether your game of bet has a high house edge can help avoid significant losses. Lastly, as previously mentioned, European roulette will be your best option if you want to play on the safe side.

3. Place outside bets to improve your chances:

Outside bets can be your best choice if you are focused on the best chance of winning online roulette. These bets pay out more frequently. Plus, you can stick to the table’s minimum bet to stay safe.

While betting like this will not dramatically increase your roulette winnings, it’s a great way to win without the stress of losing huge sums.

Conclusion

Whether you are a roulette master looking to brush up your skills or a novice, all players must understand roulette odds well. It will help you make smarter betting choices and protect your bankroll from unnecessary spending. 

So, start placing your bets today and explore the different roulette variants to pick one that suits your style. Also, if you want to take your betting knowledge to the next level, keep following Live Casino Review. 

We share informative tips and reviews of various games and online casinos in the UK to help our fellow bettors make informed betting decisions regarding their money. We help you make safe bets for a memorable time!

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