Roulette Odds Studying

Roulette is one of the easiest games in casino. It is available not only in land-based casinos, but also in online ones. The rules of roulette are very simple even for those who do not know anything about casino games.

In any way, roulette is a game of chance, therefore before starting this game, gambler should decide why he/she would like to play it.

If his goal is to win real money, then he should not be afraid of serious loses, in opposite case if roulette is played just for fun, it is better to play it for free in online casino.

Roulette odds

There is only one factor which influences odds in roulette. American and European Roulette's payouts are the same. But the advantage is much higher with a European wheel which sometimes offers some special bets. And American wheel only offers "five-number" bet - high house edge (0, 00, 1, 2, and 3).

In reference to the types of bets, there are two of them: outside and inside.

Studying of the odds

To make it clear, let us assume that you stake $1 on some number and it appears that you have a right guess and win. Thus, your potential payoff is $35 but the probability that you will actually win it is just 1/37 in European game and even smaller - 1/38 - in American version.

Keeping in mind that you also have your initial investment of $1, let calculate the true value of odds: $37 - $35 - $1 = $1 stands for European Roulette and $38 - $35 - $1 = $2 - for American Roulette Odds.

So, there is a gap between your real winnings and the amount that you will be paid by casino, which is actually called odds of roulette. If one converts these numbers into percentage form they will get 2.703% house edge for European roulette and 5.263% for American one.

This means that if a gambler plays roulette for significant time and spends, for instance, about $10 000, then he or she loses approximately $270 or $526 due to odds of roulette.