A Detailed Guide to Roulette Payouts and Odds
The odds in Live Roulette represent the probability of winning a bet. Before entering into the game, the odds and payouts, we suggest familiarizing oneself with the various forms of roulette bets since this may potentially lead to confusion. Having the ability to identify the various wagers and their corresponding position on the table will prove very advantageous.
Learn about roulette payout chances and the best bets to make. To play smarter, use our unique roulette payout and odds guide.
House Edge in Roulette
European House Edge in Roulette: 2.70%
In European House Edge Roulette, the wheel contains 37 pockets, numbered from 0 to 36. The house edge of 2.70% indicates that, on average, the casino retains 2.70% of all bets made over time. This is due to the presence of a single zero on the wheel.
American House Edge in Roulette: 5.26%
American Roulette features an additional double zero (00) on the wheel, increasing the total number of pockets to 38. This extra pocket elevates the house edge to 5.26%. Consequently, players face slightly lower odds of winning compared to European Roulette.
Player Bets: 1:1
In the game of live Roulette, the player bet is a straightforward wager on the player’s hand. If the player’s hand wins, the payout is 1:1. This means that if you bet $100 on the player and it wins, you will receive $100 in winnings in addition to your original bet.
Banker Bets in Roulette Payout: 1:1 (with a 5% Commission)
The banker bet in Roulette offers an equal payout of 1:1. However, there’s a small catch. In most cases, a 5% commission is deducted from your winnings. This is because the banker bet is statistically more likely to win, and the commission offsets this advantage.
a. Payout Variations:
It’s worth noting that while these are the standard payouts, individual casinos may have variations in their rules. Always familiarize yourself with the specific payout structure at the casino where you’re playing.
b. Betting Strategies:
While payouts remain constant, various betting strategies can be employed to manage wagers and potentially enhance your chances of success. These strategies include the Martingale system, Labouchere system, and more.
c. Betting Limits:
Casinos typically have minimum and maximum bet limits. It’s crucial to be aware of these limits, as they can impact your betting strategy and potential winnings.
Roulette Odds of Bets
Roulette offers a plethora of betting options. From straightforward red or black bets to more complex corner bets, each has its own set of odds and payouts.
Inside Bets (H3)
These wagers are placed on specific numbers or groups of numbers within the grid. They offer higher payouts but come with lower odds.
|Betting on a single number. Payout: 35:1, Odds: 1 in 37.
|Betting on two adjacent numbers. Payout: 17:1, Odds: 1 in 18
|Wagering on a row of 3 numbers. Payout: 11:1, Odds: 1 in 12.
These bets cover larger groups of numbers, providing more favorable odds but lower payouts.
|Betting on the color of the winning number. Payout: 1:1, Odds: 18 in 37.
|Betting on whether the number is odd or even. Payout: 1:1, Odds: 18 in 37.
|Betting on a group of 12 numbers. Payout: 2:1, Odds: 1 in 3.
Bets on American and European Roulette Wheels
You already know that the house has a 5.26% edge in Roulette. But did you know that’s just the house edge for American Roulette, which is the most popular type of the game?
When you use a European wheel, the house edge is 2.7%, which is almost half of what it is when you use an American wheel. The European wheel only has one green zero on the table, so this is the case.
There are different kinds of Roulette, so make sure you know the rules of the one you want to play so you can always bet better and get the most out of your chances.
The Smallest and Biggest Bet in Real Money Roulette
When you’re playing live dealer roulette, there are always limits on how much or how little you can bet. This helps the casino handle their money and make sure players with similar amounts to bet are playing together.
But the best online casinos for Roulette will tell you the limits right when you start playing.
In online casinos where bets are low, you might only have to bet as little as 10¢. But in the big casinos in Las Vegas, you might have to bet between $3 and $100 for the lowest bets.
The Smallest Bet
Online casinos will set the smallest bet for their most popular roulette tables. This bet usually goes up when lots of people are playing. If you want to play with smaller bets, you might try a different kind of Roulette or play when fewer people are playing, like not on holidays or weekends.
The Biggest Bet
If people are betting really big amounts, there might be a limit on how much you can bet in a roulette game. Casinos need a steady stream of money to work well. If a bunch of players win big bets all at once, the casino could lose a lot of money.
Can I improve the odds of winning Roulette?
You can’t really change how Roulette works or make it more in your favor. But understanding the odds is really important when you’re deciding what bets to make.
While you can’t win at Roulette every time, there are things you can do to try and get more money. If you want to get into more advanced strategies, take a look at our roulette strategy page. But for now, here are some tips from our team:
Be ready for the game
The chances of different bets paying off in Roulette are really different. So, if you want to get the most out of your money, it’s good to learn about the chances of different bets before you start. Some online games will tell you the chances of each bet, but if not, you can keep this page open to double-check as you play.
Pick your roulette game carefully
If you’re not sure whether to play American, European, or French Roulette, make sure you know the different chances for each one before you start. Knowing if your chosen game has a higher house edge could help you avoid losing too much. We suggest playing European Roulette since it has the lowest house edge.
Make outside bets to up your odds
If you’re mainly interested in having the best chance of winning at live Roulette, outside bets are the way to go. They pay out more often, and you can stick to the lowest bet at the table if you want to be really safe. Placing two equal outside bets – like on black and odd – is a fairly safe way to give yourself a good shot at a payout. It won’t make your roulette winnings shoot up, but it’s a way to have fun without risking a lot of money.
Whether you’re new to Roulette payouts or just want to get better, you should now have a good idea of how the odds work. Now that you know this, you can bet in a way that is better for your budget. You can try out the different choices at Lotus365 by playing one of our free roulette games first or look into the best online casinos where you can play for real money. In order to improve your roulette skills even more, our guides to roulette payouts and odds, tactics are the next best thing.