Roulette is a simple online casino game in which players bet that a ball will land on a specific number. But learning to count roulette payouts is not an option. This is because roulette can take many forms and can be a bit tricky for beginners. So this article discusses everything you need to know about roulette payouts and how to get started with this cgebet.com login table game. You will also learn how to distinguish the different roulette wheels at cgebet.
What are Roulette and Gaming Tables?
Roulette is a casino game that involves spinning a wheel with 37 or 38 numbered and colored pockets. Standard roulette has 0 to 36 red, black or green segments. Remember that a zero (0) or double zero (00) is the only number in the green pocket(s). Also, the colors on the roulette wheel alternate.
In most online casinos, the game starts with players betting on the number, color or combination the ball will land on. The dealer will then throw the ball and spin the wheel. If you predict the outcome correctly, you will be paid out according to the paytable. Read on to learn more.
American Roulette vs. European Roulette
Before diving into payouts and odds, what is the difference between American and European Roulette? The two roulettes are very similar but contrasting games. So, as long as you have some roulette knowledge, you shouldn’t have any problems playing with two wheels.
Having said that, the main difference between these roulettes is the layout. First off from Eurohub, this game has 37 pockets consisting of 1 to 36 red or black numbers and a zero green pocket.
American Wheels, on the other hand, has a total of 38 pockets. This includes 1 to 36 red and black numbers and two green pockets. The green pocket has single zero (0) and double zero (00) numbers.
Know the advantages of roulette
The casino edge, also known as the casino edge or casino earnings, is the main source of income for casinos. This is the mathematical advantage a casino has over a player in a particular game, including roulette. Therefore, the lower the casino edge, the better your chances of winning.
Here is the simplest formula for computing the edge of a house:
House Edge = (Winning Rate – Booker’s Odds) x Winning Probability x 100
In this formula, the odds against success are the ways to lose divided by the ways to win. Probability of winning is a way to win divided by ways to win and ways to lose. Don’t you understand?
Example using the European version
Even though European Roulette offers players 37 possible winning numbers, the payout for a single number is still 35:1. This means that a single unit bet in the online casino has 35 units plus the initial unit payout.
Therefore, if you bet directly, your chance of winning is 1 in 36 possible numbers to lose. This is how the casino achieves 35:1 odds.
This means that the odds of success are 36/1, while Casino odds are 35/1. Furthermore, the overall probability of success is 1/37.
Using the formula discussed above, the house edge in European Roulette is:
House Edge = (36/1 – 35/1) x 1/37 x 100 = 2.70%
Interestingly, most casinos offer a 35:1 payout on both wheels. So if you use this formula to calculate the house edge for American wheels, you’ll get:
House Edge = (37/1 – 35/1) x 1/38 x 100 = 5.26%
Roulette Bet Types and Payouts
There are two types of roulette – inside bets and outside bets. Here’s the full breakdown:
In outside betting, players do not bet on specific roulette numbers. Instead, you choose color and number combinations. For this reason, these are the easiest roulette bets, most offering players a 1:1 payout and almost a 50% chance of winning.
Major outside bets include:
Red Black: In this bet, the player predicts that the ball will go into a red or black pocket. If so, the payout is 1:1.
Odd-Even: Will the ball land on an odd or even number? Get it right and enjoy a 1:1 return.
High and Low: You can bet on any number between 19-36 (high) or 1:18 (low). The payout ratio is 1:1.
Many: You get 2:1 odds if the ball lands 1-12 (first at bat), 13-24 (second at bat) or 24-36 (third at bat).
Columns: There are 12 numbers on specific columns on most roulette tables. If the ball lands at the number in the selected column, the odds are 2:1.
With inside betting, you predict that the ball will land on a specific number or set of numbers. However, your chances of winning these bets are lower than outside bets. But the payoff can be good.
The following are the main types of inside bets:
Straight Up: Bet on the ball landing on a specific number on the roulette wheel at 35:1 odds. This type of betting is also known as an odd number bet.
Street: You can bet on three numbers such as 11, 12 and 13 and get 11:1 odds.
Split: A split bet involves two adjacent numbers on the table. If you’re lucky, the odds are 17:1.
Double Street: This bet is sometimes called a line bet. Here, you predict a six-digit number in two adjacent rows. This bet pays 5:1.
Corner: This bet is slightly similar to street betting. However, the player bets four figures instead of three. Players place their bets on the corners of the combined four numbers. The odds are 8:1.
See, calculating roulette payouts can be very complicated, but at the same time it’s easy. It all comes down to your experience behind the wheel. Always remember that the European version is the most player-friendly version as it offers a lower number of pockets. In addition, you can try cgebet, which will provide players with the most complete roulette game, I wish you a good time!