A Guide to Understanding Roulette Odds

Roulette is one of the most famous casino games in the world. The game, in its current form, dates back to the 17th century, although they might have been around much earlier. 

Some believe it originated from Roman soldiers who played something similar using chariot wheels.

A Guide to Understanding Roulette Odds

The modern roulette started with a French mathematician and physicist Blaise Pascal who may have accidentally encountered the invention. It has gone through several refinements over the years, with changing rules and playing tactics.

And now we have two main versions of the game played both online and offline. These are American Roulette and European Roulette.

Whatever variant you choose, understanding roulette odds is crucial. This is how you know how much earning you are making with every win.

One of the best places to find this information is Online Casino Malaysia. The platform offers the best casinos to play Roulette and the best winning chances.

In this guide, we shall be looking at roulette odds. Read on for more.

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A Guide to Understanding Roulette Odds

Roulette wheel odds depend on the game you are playing and how much water you have placed. At Online Casino Malaysia, you will find every variant with full payouts and playing rules to make your playing much easier.

There is a wide range of odds to choose from. And this is one of the reasons roulette has become the most popular table gambling game.

Before you start playing for real money, you must first start with the free version to understand the game. The last thing you want is to lose your investment because you don’t know what you are doing.

Odds are part of the initial lessons you will get for this game. Luckily, every casino offers table outlines of all types of bets related to your specific game. We will be explaining more about these odds and how to take advantage of them.

It may seem hard at first, but it’s not rocket science. You can improve your roulette odds with ease and use the information to increase your winning chances.

What are odds, and how to calculate roulette payouts? First things first, it is crucial that one understands what the odds are before making an investment. 

The answer to this question may seem obvious, but you will be surprised that there is more to it than meets the eye.

The probability of hitting a single number in a roulette game is 1 in 37 in American Roulette. There are 38 numbers in the game, 1 to 36 and 2 greens for 0 and 00. However, the house will only pay 3 to 1 on the winning bet.

In this case, the bet must have the same odds for payouts on the combination. Therefore, we say the house edge is substantial. Also, hitting on the roulette can translate into massive winning for the player.

The roulette best odds are determined by how much the player understands the game and how much they are willing to wager. These odds fall into two major categories, inside bets and outside bets, which we will explain in detail later.

How To Calculate Odds Roulette Payout

How To Calculate Odds Roulette Payout

A roulette odds chart is a crucial tool when it comes to calculating payouts. The chart shows the type of betting odds and how much payout is given.

Calculating payouts in a roulette game is all about multiplication. And it does not even have to be advanced.

As we have already established, each bet comes with certain odds. This determines what you multiply the bet with to get the payout.

In most table games, we calculate the payout on an X to Y basis. Sometimes you don’t even have to know how the payout calculator works since you will automatically receive your winnings accordingly.

In any gambling game, you are paid using odds. Some odds are even, which gives you the same amount of winning as your stake.

Most games have different payouts for a wide range of bets. For instance, you can find a jackpot video poker offering 800 for 1.

In roulette and other table games, the payout comes in the form of 2 to 1, 3 to 1, 35 to 1, and many others. So, if you win a bet, you keep your betting amount and get more.

For instance, if you bet $100 on a single number and win, you can get $3500 as winnings. You can keep your $100 too.

Now, roulette has a variety of bets one can place. You can bet on a single number or on multiple numbers.

The more likely it is to win, the lower the payout.

For instance, a win on black is almost half the time. Hence, the payout is only 1 to 1. You can also get even money on the same.

Betting on a single number gives you 34 to 1. Such is a big payout.

In a nutshell, one needs to figure out the probability of winning a bet with a given odd. Mostly, you can use the formula:

Winning = Probability of winning/ (1 – the probability of winning)

1) Odds and Payouts for Outside Bets

Roulette rules and odds depend on the type of game and bet. Although they seem the same, you will discover a few differences and points of concern in every game.

The bets on the outside of the betting surface pay off the most. Hence, they come with fewer winning chances. They are:

  • Color – You can bet on red or black, and the payout is even, 1 to 1.
  • Even/Oddbet that the number is even or odd and get even money, 1 to 1
  • Low/high – predict if the number will be low (1-18), or high (19 to 36), and get 1 to 1 payout.
  • Columns - That the ball will land on one of the numbers in a given column get a payout of 2 to 1
  • Dozens – The numbers can be grouped in 1st third, 2nd thirds, and 3rd third. Predict the right combination, and you win 2 to 1.

If the ball lands on 0 or 00, you lose. These are green numbers, not considered as odds.

2) Odds & Payouts for Inside Bets

Roulette odds payout on the inside bets are better but have the highest losing chances. They are:

  • Straight-up – bet on a single number and get paid 35 to 1
  • Split – bet on two numbers next to each other pays 17 to 1
  • Street – a bet on three numbers that pays 11 to 1
  • Corners – a bet on four numbers paying 8 to 1
  • The 5-number bet – bet only on 0, 00, 1, 2, and 3. It pays 6 to 1.
  • Line – Bet on six numbers to win 5 to 1.

If the wheel did not have a green 0 or 00, then all these bets would break even. However, it does not happen so and a ball falling on the green is a loss.

How to Win Playing with the Best Roulette Odds?

How to Win Playing with the Best Roulette Odds?

Online casino Malaysia offers the best winning chances for players. However, one must understand the game to stand out from the rest.

Roulette may be a game of chance, but there are several strategies that can increase your winning chances. They include:

· Martingale – you double your bet every time you lose a game. The idea is to recover all your money when you finally win.
· Labouchere system – A player’s stake increases after losing a bet. It starts by setting a goal of how much they want to win and dividing it into a series of small numbers.
· Constant bet – This is for those who just want to have fun and are not interested in the money per se. The bet remains the same whether they win or lose.
· All-in betting – players looking for some quick cash and adrenaline rush can try out the all-in bet.

Winning with the best odds starts with knowing the game rules inside out. These tips can help you get there.

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