Roulette Odds
| Roulette Odds. Place your bet(s) on the numbers laid out on the table where you think the spinning ball will land. The player wins if the spinning ball stops on the number he has made a bet on. To begin playing you have to choose the Current Bet Unit. Click on the betting unit in the bottom-right corner of the screen to place a bet. Place your mouse cursor over the number that you want to wager on and click on it to place your bet. You can bet on as many numbers as you like, provided you have enough money in your player's bank to make the bet. The player can select one or several of the available Roulette bets. Inside Bets. If you choose an inside bet you make a bet on a single number or on the lines of the boxes to indicate a group of two to six numbers. Inside bets include Straight Bet, Split Bet, Street Bet, Corner Bet, Five-number Line Bet, Six-number Line Bet. Outside Bets. You have to place your chips on the table in the areas that are marked with groups of numbers, odd/even, red/black or the odds. There are several types of outside bets: Column Bet, Dozen Bet, Red/Black Bets, Odd/Even Bets, High/Low Bets. |
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 keep your original bet.
The house average or house edge (also called the expected value) is the amount the player loses relative to any bet made. 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 green squares are technically the only house edge. Outside bets 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 total amount of cash the table changes for chips, minus the chips taken away. The Casino Control Commission in Atlantic City releases a monthly report showing the win/hold amounts. The average win/hold for double zero wheels is between 21-30%, more than 5. 26%/2. 70% of all players money. This is known 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 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.