How do Roulette odds work?

You need to understand at least the basics of what probability means before you put your money at risk and place your first real money bets on roulette. Therefore, know that each roulette wheel has certain odds, which can vary. To ensure that your money is not compromised, you should learn all about roulette odds and payouts.

In roulette, there are 2 types of bets, they are external and internal. The names are derived from the betting positions in the layout from the table. Thus, outside bets have higher chances of winning, but the payouts are much lower. With inside bets, on the other hand, the player is less likely to win. However, there the payments are considerably higher.

In the game of roulette, you can place 5 different types of outside bets, they are: red or black, odd or even, high or low (from 1 to 18 or 19 to 36), tens and columns.

Red or black - on the first type of BET, red or black, the player will bet on the corresponding space. The odds are not exactly 50/50 due to the 0 and 00 slots. Since it has 38 total numbers (1 to 36, 0 and 00) and 18 total numbers, which are either red or black, the odds amount to approximately 47.37%.

Your payout for such a bet will be 1 to 1, which means that a $1 bet on red, in case the red number is the winner, will get your $1 back plus an additional $1. That is, it will double the amount of your bet.

Odd or even - like the previous one, this bet pays out on equal chances (1: 1) if the player correctly hits an odd or even number.

Low or high - the payment will be equal (1:1) in this case. A low bet will be when the ball lands between a number from 1 to 18. Whereas a high bet happens when the ball is between 19 and 36.

Column - roulette winnings will be 2: 1 if the ball lands on one of the numbers in the column that the player has selected. Roulette numbers are arranged in 3 columns, each with 12 numbers.

Dozen - in this bet, the payout will be 2: 1 if the player successfully bets on roulette. For this, you can choose the first tens (1-12), second (13-24) or third (25-36).

Regarding inside bets, there are 7 different types of bets. These bets have a lower chance of paying out. However, the payment will be consecutively higher. The types of inside bets we are going to look at here are listed in descending order and are: Straight-up, Slip, Street, Corner, Double Street and Basket.

• Straight-up - here the player bets on a certain number. This bet is also known as being a bet where the player chooses only one number. Naturally, it will be less likely to hit. However, the prize will be higher – 35: 1. The probability of the ball landing on your bet is 2.70% in dollarpeia roulette and 2.63% in American roulette.
• Split - here the player will bet on 2 of the 37 numbers, but following a strategy, the chosen numbers must be close on the table. Compared to the previous bet, the payout drops to 17:1. However, the probability of hitting goes up to 5.41% for dollarpeia roulette and 5.26% for American roulette.
• Street - in this bet 3 numbers are chosen, where players bet on a row of consecutive numbers. That is, the player could choose, for example, 7, 8, and 9 or 16, 17, and 18. The probability that the player has to win with this bet is 8.11% in dollarpeia roulette, being lower in American roulette, with 7.89%.
• Corner in this type of bet, the player will bet on 4 numbers, which will form a square on the game table. As an example, the player will be able to bet on 1, 2, 4 and 5. This bet has a probability of 10.81% in dollarpeia roulette, and with a lower percentage in American roulette, of 10.53%.
• Double Street - this type of bet is exactly what it sounds like. The player bets on 2 lines of numbers, totaling 6 numbers. For this bet, the odds are 16.22% for dollarpeia roulette and 15.79% for American roulette.
• Basket - this is a 5-Number bet. However, it is only available on American roulette. This bet allows players to also bet on zero, Double zero, 1, 2 and 3. The probability of being able to win this bet is 13.16%. However, know that the payout on this type of bet is the lowest among all.

There are several strategies for playing roulette, and as you gain more playing experience, you can develop your own strategy. However, it is also likely that any strategy you try to put into practice has already been used by other players.

Still, a very simple and frequent strategy is when a player doubles his bet every time he loses, with the expectation of making up for the loss. That is, if the player places a bet of $5 and loses, bets $10 on the next move and wins, he will recover his loss.

The downside of this strategy is that the player can accumulate a large amount of losses and several casinos and tables have a maximum bet. That is, if we imagine a rather negative scenario, where the player reaches the maximum bet, he may not be able to recover the losses until then, losing everything until then.

Another well-known strategy is called the Paroli strategy. This is based on a positive betting system. That is, in short, your goal is to increase the bet amount after each win and increase the amount consecutively as the wins increase.

Roulette is a great game for those who want to start with table games and have the opportunity to win prizes due to its low complexity. Players may be able to double the bet amount, but for this it is necessary to know which strategy is best to adopt, the type of BET, and how the different roulette variations can affect the odds.

However, it is extremely important to keep in mind that no matter what game you decide to play, the House will always have the upper hand. In this case roulette with the squares of 0.