Roulette Chips
| Roulette Chips. You don't compete with other players. In Roulette you play only against the dealer. 8 players can take part in the game. Each player buys in and each player gets colored chips. All players have chips of different color. In the case of winning a spin the player cashes his color chips in for cash chips of a certain value. The "En Prison" rule. If you place an even money bet and the ball lands on zero, you can either take back your bet or leave it for another spin. You put your bet "in prison" if you decide to leave it for the next spin. The 'La Partage' rule can be applied when you make an outside even money bet and the spinning ball stops on the zero. In this case you lose half of your bet and you are not allowed to use it in the next spin. |
Today most casino odds are set by law, and they have to be either 34 to 1 or 35 to 1. This means that the house pays you or and you get to keep your original bet.
The house average or house edge is the amount the player loses relative to any bet made, on average. If a player bets on a single number in the American game there is a probability of 1/38 that the player wins 35 times the bet, and a 37/38 chance that the player loses his bet.
The presence of the green squares on the roulette wheel and on the table are technically the only house edge. Outside bets will always lose when a single or double zero come up. However, the house also has an edge on inside bets because the pay outs are always set at 35 to 1 when you mathematically have a 37 to 1 chance at winning a straight bet on a single number.
The house edge should not be confused with the hold. The hold is the amount of cash the table changes for chips, minus the chips taken away from the table. The Casino Control Commission in Atlantic City releases a monthly report showing the win/hold amounts for each casino. The average win/hold for double zero wheels is between 21-30%, more than 5. 26%/2. 70% of all players money because players are making repeated bets after winning and losing portions of their total money. This is known in the casino gaming industry as "churning" and is especially true of slot machine players who statistically end up losing all their wagers.
A player with a certain total amount of money may not win or lose all his money instantly, as the total of all bets they make will often be greater than the total of the money they actually started with. The house edge applies to each bet made. That means the player can end up losing significantly more than 5. 26% of his starting money.
When you play the game of Roulette you don't compete with other players. You play against the dealer. 1 to 8 players can play the game at the same time. Players buy in and receive colored chips. All players have chips of different color. In the case of winning a spin the player cashes his color chips in for cash chips of a certain value. The "En Prison" rule. If you place an even money bet and the ball lands on zero, you can either take back your bet or leave it for another spin. You put your bet "in prison" if you decide to leave it for the next spin. The 'La Partage' rule. When you place an outside even money bet and the ball lands on zero, you lose half your bet and you are not able to leave the remainder in prison, or out for another spin.