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Understanding Roulette Bets & Odds



It is important that you understand roulette bets if you want to become a master of the game. Moreover, it is essential that you know the different types of bets. This applies most to players who want to play the live version.Roulette Bets and Odds

When you opt for the live roulette, the bets are made as the wheel is spinning. In addition to this, you need to have a clear understanding of the house edge, payouts and odds of the roulette bet. Outside bets are the most popular bets in roulette. We share more about the bets here.

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Best Roulette Bets

Outside bets are one of the best bets in roulette. These include black or red, which are the 18 numbers that have red backgrounds and the 18 numbers that have black ones. From these kinds of bets, you will get paid even money. Even and odd bets also pay even money. Players bet that the number that hits will be either even or odd with this bet.

Alternatively, you can bet on 19-36 or 1-18 with the hopes that the wheel will stop in the area that they bet on. The truth is, you cannot be entirely sure about the number that will win on every spin. It is vital that you understand that in roulette, the house edge is quite small. If you want to put the edge in your favour, you need to have slight accuracy of predictions.

Roulette Bets

Bets with the Best Odds?

The “best odds” of winning differs from the edge as well as the payout. It is possible that you win every time when you bet on every number. Therefore, your odds of choosing the winning number will potentially be the highest. However, you will be paid an unfair amount meaning you would still potentially lose money. This unfair amount is known as the “house edge”. From this, we can conclude that you need to consider the “house edge” more than the “best odds in roulette.”

Roulette Bet House Edge

As you may know, the house edge differs from one variation of roulette to the next. So, in American wheel the house edge is 5.26% while European roulette has a house edge of -2.7%. Therefore, the player has a much greater advantage compared to the casino. However, the casino still has a minor advantage.

The small edge is enough for the casino to profit reliably over the longer periods unless the accuracy of the player’s predictions is better compared to random guess. In the short term, it is inevitable that some players will win.

Why Are Roulette Odds Important?

Roulette odds pretty much inform you about how the amount of times you can expect to win should the accuracy of your bet selection not be better than random. The odds change if you apply advantage play methods that use physics to forecast the winning number. For instance, on a European roulette wheel the odds of winning are 1 in 37. This applies if you wager on a single number. However, you win as often as 1 in 10 spins with a roulette computer device. The odds of winning might be triple which will make them irrelevant.

Types of Roulette Bets

In roulette, there are two main bets. These include “outside” and “inside” bets. For each bet, you will find that there are different betting limits. On every roulette wheel, you will have to make these two bets. Other bets found in French and European wheels are known as call bets. Here is a list of the different types of roulette bets that you can find:

Outside Bets

You make this bet on the perimeter of the roulette table. You make outside bets on groups of colours and numbers. As opposed to a specific number. These bets are risky and they come with lower payouts. There are various types of outside bets and we list and discuss these below:

Column Bets: the bet pays 2-1 if any number in that column wins. This bet covers only one out of the three columns of 12 numbers.

Dozens Bets: these cover one of the three groups of 12 numbers. The bet pays 2-1 when a number that ranges wins.

Odd/Even Bets: These take into account all even and odd numbers. The bet pays even money should any number of that type win.

Red/Black Bets: Similar to the bet above, this bet pays even money, should any number of that colour win. It basically covers all numbers that have pockets of a particular colour on the roulette wheel.

1-18/19-36: Should any number that is in the range win, the bet will pay even money. These bets include all numbers in the ranges that are recommended by their names.

Inside Bets

This bet has a house edge of 5.26%. These bets include picks that are concluded from inside the rectangle where all the numbers are situated. Inside bets consist of a number of different bets here are a few below:

Straight Up: With this bet, you can choose any number whether 1, 7, 13, 0, etc. You win should the ball land on your number.

Split: This bet is the opposite of a straight bet. Here you basically bet on the line that separates two numbers. This is different from betting on one number. You win If either number comes up.

Call Bets

These types of bets are only available French and European roulette. You will not find any of these at most online casinos. The call bet is different in that the bets are “announced” or “called out”. In most instances, calling out your bets can sometimes mean that you are gambling on credit.