Roulette Odds And Payouts Explained
Various betting options within roulette have made this classic table game one of the most exciting online casino games to play in Canada. Knowing each bet type and having an understanding of the associated odds and the house edge will ensure all decision you make within the game will benefit your bankroll and your overall gaming experience.
If you are ready to start your winning journey today, then familiarise yourself with the different elements within this guide and check our top list of Roulette casino gambling sites below.
Gamblers wager daily at top roulette sites in Canada with the hope the ball lands on their lucky numbers, and they receive a chunky payout. The ease and excitement of roulette are key factors to its ever-growing success at online casinos. Although roulette is a game of chance and the objective is almost self-explanatory new players to the industry often attempt to play this beloved casino game without having even a basic knowledge of the odds and payout associated with the game.
To save you wasted wagers on poorly informed bets, we have devised this guide to bring you up to speed with the odds of winning and the payout awarded if you are lucky enough to land a win. At Casino Martini, it’s our priority to provide you with our expert knowledge to give you an upper hand entering an online casino and ensure the casino you choose is best suited to you.
Now the pleasantries are out of the way, let’s uncover your chance of winning roulette and discuss how much you will earn.
The Basics of Roulette Probability
Understanding the odds of different bets within online roulette will ensure you make poor decisions and subsequently waste your bankroll. The roulette table is laid out simplistically with numbers on the inside and alternative bets on the outside. Inside bets offer a lower probability of winning. Yet, the reward far exceeds that of outside bets, so before you go ahead and put all your deposited cash on a number bet, consider the odds within the game.
The roulette wheel is numbered 1 to 36 with one or two green spaces containing a zero and/or a double zero, depending on the roulette variant you wish to play. These green spaces determine the house advantage ensuring all even money bets are slightly less than 50%. Opting for European roulette with a single zero wheel will give you the best chance at winning over the long run.
Since the best odds in roulette are within European and French games, we advise you to commence your gambling journey within one of these casino games. Within the game itself, the payouts are presented within each bet but calculating the odds will give you a real indication of your likelihood of winning. If you aren’t the greatest mathematician, pull up a roulette payout chart and a roulette odds chart to compare the difference in a new window.
Otherwise, let’s dissect the European roulette odds. Starting with a straight-up bet which is betting on a single number. Since there are 37 pockets on the table and you are betting on only one of these pockets, follow the standard rule of multiplying the total number of pockets within the bet by 100 and divide the answer by the total number of pockets on a roulette table (1×100)/37 = 2.7% chance of winning.
Betting on the other side of the spectrum with the even money bet of red. Calculates to (18 red pockets x 100)/37 = 48.6% chance of winning. Now that we have gotten that out of the way, knowing the different roulette payouts within bets is crucial.
Online Roulette Bet Types Explained
The variety of betting options in the game of roulette is one of the driving factors as to why so many gamblers play each year. The types of bets on offer range within their payout odds and probability of winning. To simplify things a little further, dividing betting options into two categories will give you a heads up on what to expect.
Inside Bets & Payouts
Inside bets carry significant risk to players willing to take the chance; however, the reward will considerably boost your bankroll. Be careful placing large sums of cash on bets inside of the roulette table, even though the payout is certainly inviting.
Here is a list of all the inside roulette bet options and the associated payout rate.
Straight up – Betting on a single number rewards a payout of 35:1 if you are lucky enough to land the winning number.
Split – Splitting your bet over two numbers side by side rewards a payout of 17:1.
Street – Any three numbers horizontal numbers provide a payout of 11:1.
Double Street Bet – Double, a regular street bet, will payout at 5:1 if the ball lands on any of the numbers.
Corner Bet – Betting on four numbers shaped as a square provides a 5:1 payout. Place your chips on the cross in the middle of the square.
Basket – This is one of the most popular combination bets as it covers the five numbers, including the zeros. Placing a stake on this five-number bet provides a payout of 6:1.
Outside Bets & Payouts
If you are a new roulette player, then outside bets are your best friend. These bets offer a higher probability of winning compared to a risky single number bet. Even if you only desire to wager at even money bets, you can implement roulette strategies and attempt to hit the big bucks.
Check out the outside roulette bets and their payouts below.
Line Bet – betting on two adjacent lines pays out at 5:1
Column – The roulette table consists of three columns with 12 numbers in each. The casino pays out at a rate of 2:1 if the ball lands on any of the numbers within the column.
Dozen – There are also three groups on the table with a dozen numbers in each. This also provides a payout of 2:1.
High or Low – Betting on higher numbers (19-36) or low numbers (1-18) offers a payout of 1:1.
Red or Black – Placing a bet on either red or black numbers is an even money bet.
Odd or Even – Within roulette games betting on odd or even numbers is also an even-money wager.
European Roulette vs. American Roulette
The only real difference between American roulette and European roulette is the addition of a double zero within American roulette. This game has established itself within all brick and mortar casinos due to its higher house edge.
The green zero space favours the casino over the long run, but in actual fact, for most regular punters, it won’t have a huge effect as the percentage difference between games is so small.
House Edge
As mentioned, whether you play with a single or double zero wheel, the green spaces dictate the house edge of the roulette game. The probabilities will vary slightly, but the payouts remain the same within most roulette games.
Comparing the European wheel to the wheel of American roulette games is down to the double and single zero. The house edge within American roulette sits at 5.26%, while the single zero within its European relative is 2.70%. If you desire to search for a game with an even lower house edge, European roulette with the en prison rule drops it further to 1.35%.
Frequently Asked Questions
What is the best bet in roulette?
The odds in roulette differ between bets; any even money bets will provide the highest chance at winning. However, if you are looking for the best bet for winning big, you can also try your luck with a straight-up bet
What is a split bet?
A split bet, as the name suggests, is a bet split over two adjacent numbers. If the ball land on the number, the bet pays out at 17:1.
Where can I find top-rated roulette sites in Canada?
You’ve found it! At Casino Martini, we have a devoted team to bring you the best roulette sites in 2022 to ensure your gambling experience safe and is like no other!