With the red/black, evens/odds, or 1-18/19-36 bets, you're giving yourself the chance of hitting almost half the options on the Roulette wheel – the 0 and 00 aren't counted – which gives you a pretty nice chance of winning. Four-Number Bet. There is an additional, 23rd Roulette Corner Bet but it has its own name – the Four-Number Bet. It is made by placing a chip at the common corner of numbers 0 and 1, and it covers numbers 0, 1, 2 and 3. This bet has exactly the same chance and payout as the other Roulette Corner Bets. What you most certainly shouldn't do, if playing the American Roulette version, is the five-number bet, which covers the zero and double zero segments, plus the three numbers below. To reiterate: Roulette Number software is calibrated to bet on a single number only, but will utilize up to 185 spins to achieve that particular number, i.e. It maintains the same number across 185 spins. It also adjusts the betting amount according to the spin number within that sequence of up to 185 spins.
Basket bet is a five number bet on zero – double zero and numbers-1-2-3 which pays 6 to 1. On the double zero wheel, it has a house edge of 7.89 percent making it the worst bet in Roulette. Double Street bet is a wager on six numbers and pays 5 to 1.
For the most part, calculating roulette payouts is just a matter of multiplication. Each bet pays out at certain odds, and that determines what you multiply the bet by to get the payout. Also, as with most table games, the payouts are done on an X to Y basis, as opposed to an X for Y basis.
This post wants to cover roulette payouts in some degree of detail, though, including how much each bet pays off.
More importantly, I want to explain how the croupier is able to calculate payouts for roulette so quickly. Guess what? They have a system for that.
Payout Odds in Gambling
When you're gambling on something, you get paid off using odds. Some games offer even odds, which means that if you bet $100, you win $100 when you win.
Most games, though, have various payouts for various kinds of bets.
The top jackpot on a video poker machine pays off at 800 for 1.
Foxwoods casino limo service. And that's an important distinction. There's a big difference between a payoff of 800 for 1 and a payoff of 800 to 1.
With table games like roulette, the payoffs are in the form of 2 to 1, 3 to 1, 35 to 1, etc.
This means that if you win the bet, you get to keep the amount you bet, and you get the winnings along with it.
If you bet $100 on a single number at the roulette table and win, you get a payoff of $3,500. But you also get to keep your $100.
With gambling machines, payouts are made on a 'for' basis instead of a 'to' basis. This means your winnings are traded for what you risked.
If you bet $5 on a slot machine and win a $10 payout, you don't get your $5 back on top of that.
This is an important distinction you should make. Most gamblers don't stick just with roulette, so if you're going to play other games — and you probably will — you should understand how that works.
Specific Payouts in the Game of Roulette
In roulette, you have a huge variety of bets you can place. You bet on a single number. Or you can bet on two numbers — if either of those numbers come up, you win. Or you can bet on three numbers, and if any of those three numbers come up, you win.
The more likely it is for you to win, the lower the payout is.
A bet on black wins almost half the time. The payoff for that bet is only 1 to 1, or even money.
A bet on a single number pays off at 35 to 1, which is a big payoff, but it also only wins 1 out of every 38 spins on average. Best gambling apps uk.
The Difference Between the Odds of Winning and the Payout Odds
The casino makes its money from the difference between the odds of winning and the payout odds.
You know how you can express the payout on a bet as odds?
35 to 1 is an example of how you'd express a payoff on the single number bet.
The odds of winning can also be expressed in the same way.
On a standard American roulette wheel, you have 37 ways to lose a single number bet and only one way to win.
This means the odds of winning are 37 to 1.
Since the odds of winning are lower than the payoff for the bet, the casino makes a profit in the long run.
Once out of every 38 spins, they'll pay off a single number bet, but they'll only pay off 35 to 1 on that bet. The rest of the money goes into the casino's pocket.
The casino deals in long-term averages, especially when it comes to roulette.
Roulette Bets and Their Payoffs
Here's a list of bets you can make at the roulette table and how much each of them pays off.
The Outside Bets
These are the bets on the outside of the betting surface, and they're the bets that pay off the most often. As a result, you win less with these bets.
Here are the outside bets you can make:
- Red(or Black) – You can bet on the color of the number, and the payout is even money — 1 to 1
- Even (or Odd) – You can bet that the number will be even or odd, and the payout is again even money — 1 to 1
- Low (or High) – You can bet that the number will be 1-18 (low) or 19-36 (high). The payout is even money on this one, too
- Columns – The numbers on the betting surface are organized into three columns. You can bet that the ball will land on one of the numbers in that column. The payoff, if you guess right, is 2 to 1
- Dozens – The numbers can be divided into 1st third (1-12), 2nd third (13-24), and 3rd third (25-36). If you guess right, you get a 2 to 1 payout
On all these outside bets, 0 and 00 count as losses. Those numbers are green, and they're not considered even or odd, high or low.
The Inside Bets
These are the bets on the inside of the betting surface. They pay out better but have a bigger chance of losing.
Here are the inside bets you can make:
- Straight Up – This is a bet on a single number and pays off at 35 to 1
- Split – This is a bet on two numbers that are next to each other. It pays off at 17 to 1
- Street – This is a bet on three numbers, and it pays off at 11 to 1
- Corners – This is a bet on four numbers, and it pays off at 8 to 1
- The 5-Number Bet – You can only bet on 0, 00, 1, 2, and 3 if you want to bet on five numbers, and it pays off at 6 to 1. This is the only bet on the roulette table with a different house edge from the other bets — 7.89% (the other bets have a house edge of 5.26%)
- Line – This is a bet on six numbers and pays off at 5 to 1
All these bets would be a break-even proposition in the long run IF the wheel didn't have a green 0 and a green 00.
How the Croupier Makes the Payouts So Quickly
The first thing the croupier does after the decision is to clear all the losing bets off the roulette table. Since he's intimately familiar with the layout of the betting surface, this doesn't take long at all.
Also, all the players at the roulette table have chips that are specifically colored so that they have the same color. You can't use the roulette chips at the other table. This enables the croupier to tell your bet from someone else's. It's the color of the chips.
To calculate the payouts, you just multiply the bet by the payout odds.
If someone bet two chips on a single number and it won, you'd multiply 2 by 35 and get 70. That's how many chips you'd give the player in winnings.
He doesn't really have a magical system, either. He knows the payouts for the various bets, and he's able to do the multiplication in his head. It's easy multiplication, but even if it weren't, he'd eventually just be able to memorize the correct payout relative to the number of chips bet.
Also, he doesn't really think of the chips as money. They're just betting units.
Can Any of This Information Help Me Win at Roulette?
Naw.
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All these bets would be a break-even proposition in the long run IF the wheel didn't have a green 0 and a green 00.
How the Croupier Makes the Payouts So Quickly
The first thing the croupier does after the decision is to clear all the losing bets off the roulette table. Since he's intimately familiar with the layout of the betting surface, this doesn't take long at all.
Also, all the players at the roulette table have chips that are specifically colored so that they have the same color. You can't use the roulette chips at the other table. This enables the croupier to tell your bet from someone else's. It's the color of the chips.
To calculate the payouts, you just multiply the bet by the payout odds.
If someone bet two chips on a single number and it won, you'd multiply 2 by 35 and get 70. That's how many chips you'd give the player in winnings.
He doesn't really have a magical system, either. He knows the payouts for the various bets, and he's able to do the multiplication in his head. It's easy multiplication, but even if it weren't, he'd eventually just be able to memorize the correct payout relative to the number of chips bet.
Also, he doesn't really think of the chips as money. They're just betting units.
Can Any of This Information Help Me Win at Roulette?
Naw.
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Roulette's a negative expectation game.
You might get lucky in the short run, but if you play long enough, the math behind the payouts will eventually reduce your bankroll to 0.
Conclusion
Numbers On Roulette Wheel
And that's how to calculate roulette payouts. You just memorize which bets are possible and how much they pay off. Once you know that, calculating the payouts is just a matter of multiplication.
Croupiers are able to do it quickly because they do it all day every day.
I'm able to make change in my head because I worked for years on cash registers that didn't calculate change. I know how to subtract from 100 without any effort at all.
Calculating roulette payouts is a similar skill.
Please enable JavaScript to view the comments powered by Disqus.Online Roulette Guide
OK, if you are going to pay attention at any point while browsing through Roulette17.com, make sure you are concentrating as you read this page!
We are going to run you through the 5 Number Bet, also known as the Basket Bet, which is a bet you should avoid playing. You can only play this bet on American tables (on a Double Zero Roulette wheel), as it involves making a bet on both the zero pockets, and the number 1, the number 2 & 3, all with one chip (see below on how to place your chip). This is not a bet on roulette number 5, rather a bet on 5 roulette numbers. Confused? Read on.
So, why should you avoid this bet? Well, quite simply, it's the worst bet in roulette. You can only play it on American Roulette- where all the other bets carry a house edge of 5.3%. The house edge for the five number bet is 7.9%. Avoid it! Just for comparison, if you play even money bets on Paddy Power´s Money Back roulette wheel, or on any French roulette table that plays La Partage, you will enjoy a house edge of 1.35%. So the house edge on the Number 5 bet is almost 6 times as much! Don´t confuse this bet with a Four Number bet (which you can only play in European Roulette) by the way. They are very similar: they are both bets on 1,2,3 and zero(s) at the top of the table, but the odds on the 4 Number Bet are fine.
If you are just making a bet on 5 numbers with straight up bets (5 chips on 5 numbers), then that is fine. You´ll receive the standard odds.
We'd recommend you play European Roulette rather than American (generally you'll have the choice of both- for example most Playtech casinos offer Premium American roulette and Premium European- the house edge on the latter is lower at 2.6%).
Best Bet On Roulette Wheel
And if you can find a French Roulette that plays 'La Partage' where you get half of your bet back if the ball lands in the zero pocket when you make an even money bet, then you can get the house advantage down even further to 1.3% (only on the even money bets of course).
Win Probability
Best Bet On Roulette Table
If you make a 5 Number Bet in roulette, the payout is only 6:1 and the probability of it coming in is 5:38, or 1:7.6 (13.2%)
House Edge
The House Edge on this bet is an eye watering 7.9%. You can only play this on American Roulette.
Roulette Strategies that Use the Five Number Bet
There is only one decent strategy that we can think of for this bet, and it works every time. Don't play it!
The Best Casino and Variant for The Five Number Bet?
Best Roulette Numbers To Bet On
Like we said (looks like you weren't paying attention!), there is no such thing as a good casino or good variant for the 5 number bet, as it has the worst odds on the roulette table. But maybe you want to play it anyway. Who are we to complain? Hello! Wake up and Smell the Coffee! It's a free world, I suppose. But call the men in white coats first! In any case you'll need an Online American Roulette variant like the ones in the 32Red roulette range.
