Roulette Even Odds Payout
- Roulette Even Odds Payout Calculator
- Roulette Even Odds Payout In Horse Racing
- Horse Racing Odds Payout
You must know that the true odds represent the probability of roulette outcome, rather than the possibility. However, the casino is not going to pay out winnings based on true odds. The winning bets are paid using the 1:35 odds, and the even money wagers have a 1:1 payout. This is because of that one zero pocket.
Aug 16, 2019 Overall, the odds are around 48.60% for even money bets if you’re playing the European variant, and 47.37% if the wheel is American. And the odds of winning on inside bets vary from 2.70% to 32.40%. Roulette Odds Explained Even though there are 37/38 pockets on a roulette wheel (depending on whether you play European or American roulette), odds are calculated based on 35 pockets. That is the maximum payout, secured by winning a straight up bet. Naturally, this means that the house always has an edge.
Online Roulette Guide
- The odds of winning can also be expressed in the same way. On a standard American roulette wheel, you have 37 ways to lose a single number bet and only one way to win. This means the odds of winning are 37 to 1. Since the odds of winning are lower than the payoff for the bet, the casino makes a profit in the long run.
- Overall, the odds are around 48.60% for even money bets if you’re playing the European variant, and 47.37% if the wheel is American. And the odds of winning on inside bets vary from 2.70% to 32.40%.
OK, if you are going to pay attention at any point while browsing through Roulette17.com, make sure you are concentrating as you read this page!
We are going to run you through the 5 Number Bet, also known as the Basket Bet, which is a bet you should avoid playing. You can only play this bet on American tables (on a Double Zero Roulette wheel), as it involves making a bet on both the zero pockets, and the number 1, the number 2 & 3, all with one chip (see below on how to place your chip). This is not a bet on roulette number 5, rather a bet on 5 roulette numbers. Confused? Read on.
So, why should you avoid this bet? Well, quite simply, it’s the worst bet in roulette. You can only play it on American Roulette- where all the other bets carry a house edge of 5.3%. The house edge for the five number bet is 7.9%. Avoid it! Just for comparison, if you play even money bets on Paddy Power´s Money Back roulette wheel, or on any French roulette table that plays La Partage, you will enjoy a house edge of 1.35%. So the house edge on the Number 5 bet is almost 6 times as much! Don´t confuse this bet with a Four Number bet (which you can only play in European Roulette) by the way. They are very similar: they are both bets on 1,2,3 and zero(s) at the top of the table, but the odds on the 4 Number Bet are fine.
If you are just making a bet on 5 numbers with straight up bets (5 chips on 5 numbers), then that is fine. You´ll receive the standard odds.
We’d recommend you play European Roulette rather than American (generally you’ll have the choice of both- for example most Playtech casinos offer Premium American roulette and Premium European- the house edge on the latter is lower at 2.6%).
And if you can find a French Roulette that plays “La Partage” where you get half of your bet back if the ball lands in the zero pocket when you make an even money bet, then you can get the house advantage down even further to 1.3% (only on the even money bets of course).
Win Probability
If you make a 5 Number Bet in roulette, the payout is only 6:1 and the probability of it coming in is 5:38, or 1:7.6 (13.2%)
House Edge
The House Edge on this bet is an eye watering 7.9%. You can only play this on American Roulette.
Roulette Strategies that Use the Five Number Bet
There is only one decent strategy that we can think of for this bet, and it works every time. Don’t play it!
The Best Casino and Variant for The Five Number Bet?
Like we said (looks like you weren’t paying attention!), there is no such thing as a good casino or good variant for the 5 number bet, as it has the worst odds on the roulette table. But maybe you want to play it anyway. Who are we to complain? Hello! Wake up and Smell the Coffee! It’s a free world, I suppose. But call the men in white coats first! In any case you’ll need an Online American Roulette variant like the ones in the 32Red roulette range.
Undoubtedly, learning roulette is pretty simple compared to other types of casino games. Casino games require mastery of skills and strategies so as to be able to play and actually walk away with real money at the end of a session. Regular practice using the free versions is important to help players master the intricate details that will make you an expert at the game.
Roulette-on the other hand- does not require much skill and expertise. European roulette wheels have 37 pockets only while the American roulette wheels have 38 pockets. The numbers have distinct colors including red, green and red distributed uniformly throughout the wheels.
Roulette Even Odds Payout Calculator
Roulette Even Odds Payout In Horse Racing
A player will be required to place a bet predicting where the ball lands. If the predicted number, say 37, is the same as where the ball lands, then he has won the bet. If it happens that the ball lands on a different number, then he loses.
There are other betting options as well including on which color the ball land on, and whether the ball will land on even numbers. Roulette payouts increase as the levels become tougher.
Horse Racing Odds Payout
Lastly, we recommend playing free roulette games to learn the rules and make roulette payout practice. They don’t cost you a thing and offer the same rules & odds as the real money roulette.