Online Roulette Odds – How to Calculate Roulette Odds
Recently updated on September 19th, 2023
Want to know more about roulette odds? Well, you’ve come to the right place. You get two kinds of players – the ones who simply want to have fun and the ones who actually want to make money. Those who are in it only for the fun of it aren’t too concerned with what the odds are. But, players who want to make money certainly are.
We’ve put together this guide for those interested in learning what roulette odds are, but most importantly, how to calculate them. In this guide, we cover what roulette odds are, how it works, and how to calculate the odds. We also share some of our tips on ways to better your chances of winning.
There are three main versions of the game, roulette. And each version projects different odds of winning. American roulette has the worst odds, while European and French roulette has better odds. The odds in the game refer to your likelihood of winning on a single bet during any given game.
Players gunning to win real cash will most likely play European roulette because it has far better odds than the American odds. If your goal is to make money then that’s the first step – choosing a version of the game that favours the player most.
Roulette Bets and Their Odds
Another way to make the odds more in your favor is to be selective about the kinds of bets you make in the game. There are many different betting options in the game. The roulette table displays the different bets quite well. But, not every bet is best, as some have better odds than others. In the table below we list some of the most common bets made in the game and give the odds attached to each. For even greater clarity we compare it to the odds you would have faced if you were playing the American version of the game.
The first column is self-explanatory. It’s the name of the bet you will make. In the next column, you will see the potential payout odds for that particular bet in roulette. The payout is presented in ratio form of X:1. It basically means that for every $1 you bet, you stand to win x amount of dollars. If you look at the first bet in the table you’ll see that it offers a payout of 35:1. This means that if you win you will get your $1 bet back, plus an extra $35 in winnings. The last column shows the percentage of competitive advantage that the house has over you.
How to Calculate Roulette Odds
Roulette payout charts usually tell you all that you need to know. But if you don’t have one at your disposal and would like to calculate the odds yourself you can do so.
You begin by dividing the number 36 (total number of pockets on a European wheel) by the number of squares that your bet covers on the roulette table. You can easily count the squares if you have the table in sight. Then, you subtract from your previous total (number of squares your bet covers) and this new total will give you the payout odds for that particular bet. You must also present it as a ratio of x:1.
So, if you make a three-number bet, for example, you’ll say 36 divided by 3 = 12. Then, subtract 1 from 12 which = 11. The payout rate for a three-number bet will then be 11:1. This means that if you bet $1 and win, you will get your $1 back plus another $11 in winnings.
Roulette Odds Calculator
Some casinos make this even easier for you by providing roulette odds calculators. Roulette odds calculators relieve you of manually having to calculate the expected odds. Instead, you just insert the requested values in the spaces provided and have the calculator do the work for you.
You can also readily access a roulette calculator online by searching for one via Google. There are plenty of options out there. Based on our experiences, these calculators are more or less on point as far as accuracy in calculations goes. But, remember, everything essentially relies on luck. So, even if the calculations are right and you do all that you must to optimize your chances, this still doesn’t guarantee a win.
Tips to Better Your Odds of Winning
Roulette is essentially a game of chance and there is no sure way of guaranteeing a win every time you spin the wheel. But, you can help yourself by bettering your odds of winning. Here are our top tips for doing this.
Know about the different bets and the odds for each. We have this information above. To be safe, only make bets that make financial sense, and give you the best shot at winning.
Choose the right game. If you are torn between what game to choose, the answer is simple, European roulette. The single 0 feature in the roulette wheel gives you much better odds than the double zero feature in American roulette.
As far as bets go, outside bets are safest. They pay more frequently. Odd/even bets and red/black bets are examples of outside bets that you should go for.
In conclusion, it’s great to know what the odds are for the game you’re about to play. It shows that you are invested and know what you are doing. But at the same time, we believe that you shouldn’t depend too much on winning. This takes away from the overall enjoyment of the game. Yes, you can make money from playing roulette for real money, but this shouldn’t be your only motivation for playing the game.
When you are ready, head over to any of the online casinos that we list in our table above. Our casinos are trusted and regulated by the best in the industry, so you can look forward to having the best time there. Furthermore, you also stand to win amazing bonuses when you sign up to play for real money today.