Roulette offers a bewildering number of betting options, but the bets are actually straightforward enough. In order to make sure you get the correct payout, you’ll want to make sure that you put your chips in exactly the right place on the table. Missing a payout because your chip isn’t in the right spot is a drag.
Roulette payouts work like this. The odds are stated in the form of x to 1, which means you’ll win x dollars for every dollar you’ve bet. For example, the single number bet offers a payout of 35 to 1. If you win, you’ll get your dollar back plus the $35 for the win.
House edge on red and black roulette bets. The house edge represents the percentage of total money wagered a player can expect to lose over time in any given casino game. For example: if the house edge is 10 per cent, a punter will lose around $10 out of every $100 staked in the long run. The numbers on a roulette wheel are divided into one of three colours, with 18 numbers on red, 18 numbers on black, and zeros on green. One popular roulette side bet is to place a wager on the ball landing on either red or black. It does this by combining red/black bets with column bets. If you look at the 3 available columns on a standard roulette table, you'll notice that the first has 6 pockets of each color, but the second and third have a skewed distribution. The second column, illustrated below, has 8 black spaces and 4 red spaces. The most popular bets on the roulette table are Red and Black, this is especially the case in online casinos. Our list of roulette strategies is quite long so what we’re going to do here is list all of the different systems that are aimed towards Red and Black betting. At a Glance: In the game of roulette, both in land-based and online casinos, the most common bet among new players is betting on red or black. There are a few reasons why that's the case, which we'll get to below, all of which make it a sensible choice for both roulette lovers and Canadians looking to try the game for the first time.
Payouts on the Outside Bets
On the edge of the table are a series of bets which are “outside” the 38 numbers on the table. Each of these bets refers to a specific set of numbers or colors. If the ball lands on 0 or 00, you’ll lose on any of the outside bets.
The outside bets include:
Red or Black – This bet pays out even odds (1 to 1) if the ball lands on the color you chose.
Odd or Even – This bet pays out even odds (1 to 1) if the ball lands on odd or even, depending on which you chose.
Low or High – This bet pays out even money (1 to 1) if the ball lands on 1-18 if you bet low, or if the ball lands on 19-36 if you bet high.
Columns – The numbers on the layout are organized into three columns of twelve numbers each. A “columns” bet wins if the ball lands on one of the numbers in the column you chose. This bet pays out 2 to 1 when you win.
Dozens – There are 36 numbers on the table, so you can bet on the first dozen (1-12), the second dozen (13-24), or the third dozen (25-36). This bet also pays out 2 to 1.
Payouts on the Inside Bets
You can also bet on specific numbers and sets of numbers on the inside of the layout. These bets win less often, but they pay out more when you do win. The house edge on the inside bets is the same as the house edge on the outside bets.
The inside bets include:
Straight-up – This is a bet on a single number. It pays off at 35 to 1.
Split bet – This is a bet on any two adjacent numbers. You place the chip on the line between the two numbers in order to make this wager. This bet pays out at 17 to 1.
Street bet – This bet covers three numbers. You place your bet on the line outside of the three numbers in the row where you want to win. This bet pays out at 11 to 1.
Corner bet – Some people call this a square bet or a quarter bet. It’s a bet on a corner that makes a square, and it’s a bet on four numbers. A win on this type of bet pays out at 8 to 1.
Five-number bet – You can only make one five-number bet, and it’s the only inside bet that offers different odds from all the others. The problem is that it has a higher house edge, making it the worst bet on the table. This bet is on the numbers 0, 00, 1, 2, and 3, and you place the chip on the outside corner line between the 1 and the 0. This bet pays out 6 to 1, but only masochists place this bet.
Six-number bet – Some people call this a line bet. It covers two adjoining rows of numbers. It pays out at 5 to 1.
How Roulette Payouts Give the Casino an Edge
These payouts all have one thing in common—they pay out less than the true odds of hitting a win. That’s why the casino enjoys a house edge of 5.26% on roulette. Your odds of winning are always less than the payout amounts.
For example, the odds of winning a straight-up bet are 37 to 1. There are 37 numbers on the wheel that lose, and 1 bet on the wheel that will win. But the bet only pays out 35 to 1, not 37 to 1, so the house wins more often than it loses.
A split bet offers you odds of winning of 18 to 1, but it pays off at 17 to 1.
I could list all of them, but you get the idea by now. The casino has an unassailable mathematical advantage on every bet. No betting system or strategy can overcome this advantage.
Roulette Red Black System
Of course, in the short run, anything can (and often will) happen. This is called “standard deviation”, and it explains why some people walk away from the roulette table as winners. The mathematically true results only come around the closer you get to an infinite number of spins.
So the best way to approach roulette is as a lark. It’s a fun game. You can relax and socialize while you play. But don’t expect to win, because the odds are against you. And if you do win, walk away and smile, because you beat the odds.
Casino Games Online › Roulette Games › Roulette › Gambler's Illusion in Roulette: Red or Black?
Let us bring about a frequent illusion of Roulette players. It consists in their expectation that if the same color has come up several past spins then it is more likely for the other color to appear. Unfortunately this is just a self-delusion that can lead to a tough landing.
This illusion is also promoted by casinos. Why do you think the casinos show the statistics of the past spins? Do you think that such statistics has a practical value, not to say can be used as a guide for prediction of the upcoming numbers and thus their colors. For novices to Roulette: each number has a fixed color that does not change and croupier announces the winning number and its color, for instance 'Seven, red'.
If for example a black number (any of the black numbers) came up ten times in a row, do you think it would raise your winning chances if you bet on the red color? Unfortunately not. This time is worthwhile to familiarize with two terms: a unique event and a series of events.
Unique Event
An event (a standalone / individual / unique / new event) is a designation for a random trial such as e.g. a spin in Roulette. If we forget about a zero (which is marked green) then the outcome of this event may be either red or black color. Each Roulette spin is a new or unique event. And this is the point of the whole illusion or one might say delusion. Every unique event starts over again regardless of the past. There is a saying that might be very handy for you to remember: 'Roulette has no memory.'
Online Roulette Strategy Red Black
As every spin always presents a brand new event, red or black color can come up with the same probability at any time during the course of play, regardless of the fact that one of these colors has come up e.g. 20 times in a row. More precisely, if we play French Roulette with 18 red + 18 black + a single zero (there is an extra (double) zero in American Roulette, which only worsens winning chances), then the probability to win a bet on a color is always
18/37 = 0.4865 = 48.65%
.Both colors can come up with still-the-same probability. As it may seem like a paradox and as it can be expected 'in reality' that the color will change at last, from a probability point of view it is completely groundless to assume that the color, which has not come up for a long time, is now more likely to appear!
Roulette feels no incentive to change the color. Although it holds true that if we spun the wheel numerous times (or close to the infinity), then the red should come up at approx. 48.65% cases, as well as the black color, and the rest of the cases would belong to the zero.
Additionally the assumption that the color must change may be very tricky. We tested the famous Roulette system called Martingale on our website. Its principle is simple: we bet on a color and double our previous bet in case of a loss until our color comes up. We always bet on the red color (by now we should know it does not matter, which color we pick or whether we alternate them or not). Black color and a zero were losing. Take a look below at the longest losing series. If you do not feel like counting, it took 19 loses (lost spins) in a row. Furthermore you can have a look at the longest Roulette series that were reliably recorded in stone casinos worldwide.
Would you imagine how much would such negative series cost, if you insisted stubbornly that the red color had to come up already? If you made an initial $5 bet, which is a minimum even-money bet at some casinos, and '20, black' appeared on the Roulette wheel, in the second spin you would have to bet $10.
Can you make a guess of how far would it go? At the end of the series (a zero was the 19th number) you would have to bet (and lose) $1,310,720 and altogether it would cost you over $2.6 million! This illusion, that you can win easily using this strategy, would, for certain, lead to a tough disillusionment. However the situation would not go that far likely as casinos set limits for the maximum bets.
Series of Events
The unique event described in the previous chapter must be distinguished from a series of consecutive events. As for the series it indicates that we consider what happened before. The probability of the series of events is determined by a multiplication of individual (unique) probabilities.
For example: what is the probability that the red color comes up three times (or in general x-times) in a row? Let us first clarify the unique probabilities in the spirit of the previous chapter. The probability for the red color to come up in the first spin is
18/37
, and it is the same in the second and the third spin as well, because they always represent a unique event.However the question is what is the probability of the red color to appear in three consecutive spins (that is now before the first spin is done). And that indicates the series of consequent events. It starts before the spin no. 1 and ends after the spin no. 3. The probability of the series of events is determined by the multiplication of the unique (or individual) probabilities, so the probability for the red color to come up three times in a row is
18/37 ˟ 18/37 ˟ 18/37 = (18/37)3 = 0.1151 = 11.51%
. And that is the difference between a unique event and series of (consequent) events.In the above-mentioned test of the Martingale system there was recorded the longest winning series too. Red color came up in 15 consecutive spins – see the figure below.
Once again, if we asked the question of what is the probability for the red color to appear 15 times in a row before the first number of this series (19) was spun, then we would calculate it as follows:
(18/37)15 = 0.000020233
. This low probability could be put in this way as well: 1 in 49,424
. The figure 49,424
(to one) presents the fair odds that should be given by a betting company in case this hypothetical bet existed.There is no such direct bet on the series in Roulette. However you can bet indirectly using the Anti-Martingale system. It consists in the fact that you pick up a length of series in advance, e.g. five black numbers, and you leave the initial bet including wins on the black color until the series is completed or broken (lost). If you succeed to finish the series, the win will grow exponentially. If the series is not competed at any time, you lose the initial bet only.
Conclusion
The idea that a change of colors must arrive is merely illusive and might end up with tough landing. The article aims at sending this important message: to realize and to remember that each Roulette spin presents a brand new event and that chances for both red and black colors to come up are entirely equal at any time, regardless of the fact that one of the colors have come up in the several past spins.