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Roulette is one of the most iconic games in the iGaming world, being a favorite of many casino enthusiasts. Behind the excitement and anticipation that roulette brings to players, there lay complex probabilities and odds that shape each spin of the roulette wheel. Understanding these intricacies is crucial for adopting a strategic approach to roulette. In this article, we will dive deep into the world of roulette odds so that both seasoned players and beginners can succeed in formulating smarter betting strategies.
Even Money Bets (Red/Black, Odd/Even, 1-18/19-36): These are bets with a 1:1 payout, which means if you win, you double your money. The odds of winning are close to 50%, but not exactly because of the presence of the green “0” or “00” (depending on whether it’s European or American roulette).
Column and Dozen Bets: Betting on one of the three columns or dozens on the roulette table pays 2:1. The odds of winning are slightly less than 1 in 3 due to the green numbers.
Straight Up Bet: Betting on a single number pays 35:1. The odds of winning are much lower, approximately 2.70% in European roulette and 2.63% in American roulette.
Split Bet: Betting on two adjacent numbers pays 17:1. The odds are slightly better than a straight-up bet.
Street Bet: Betting on a row of three numbers pays 11:1. The odds are better than a split bet.
Corner Bet: Betting on four numbers at the intersection pays 8:1. The odds are better than a street bet.
Five-Number Bet (American Roulette): This bet covers 0, 00, 1, 2, and 3 and pays 6:1. The odds are lower due to the additional numbers in American roulette.
Line Bet: Betting on two adjacent rows, covering six numbers, pays 5:1.
Basket Bet (American Roulette): Betting on 0, 00, 1, 2, and 3, similar to the five-number bet, pays 6:1.
Roulette odds refer to the probability of a certain outcome occurring during a game of roulette. Every betting option has a specific house edge determined by the number of extra pockets, depending on the game version and bet payout. European roulette has one zero pocket, while American roulette has two zero pockets.
There are several types of bets that players can wager on in a game of roulette. Each type has a different payout and unique odds; you must consider them before placing your bet. Find how the types of bets differ from one another below:
Straight Up. The straight-up bet is the riskiest and the highest-paying bet in roulette. It is called straight up because you are betting on a single number on the wheel.
Split. A split is when you bet on two numbers that are next to each other on the wheel. It is less risky than straight up but still quite risky compared to the other types.
Basket. A basket bet is placed on the first four numbers on the wheel in the European version and the first five numbers in the American version. Despite having better winning chances than straight up and split bets, it is one of the least popular bets in roulette.
Street. A street bet, or a trio bet, is placed on three consecutive numbers on the wheel.
Corner. A corner bet is similar to a split bet, but you are betting on four numbers with a common corner instead of two numbers next to each other on the wheel.
Six Line. A six-line bet is placed on two lines of three consecutive numbers on the table as long as they are adjacent to one another. This is a popular bet because it is not very risky but has the potential to pay out well.
Column. A column bet is when players bet on an entire column that consists of 12 numbers on the table. It is one of the most popular bets in roulette.
Dozen. In this bet, you bet on one of the three dozen numbers in roulette, including 1-12, 13-24, and 25-36.
Color. In a color bet, you are placing your wager on half of the roulette numbers in either red or black.. Odds and Evens In this bet, you choose either odd or even numbers to bet on.
Roulette Bets, Payouts, and Odds
The roulette bets, payouts, and odds are summarised in the table below:
Bet Name | Payout | American Odds | European Odds |
|---|---|---|---|
Straight Up | 35:1 | 2.6% | 2.7% |
Split | 17:1 | 5.3% | 5.4% |
Basket | 6:1 | 13.2% | 10.8% |
Street | 11:1 | 7.9% | 8.1% |
Corner | 8:1 | 10.5% | 10.8% |
Six Line | 5:! | 15.8% | 16.2% |
Column | 2:1 | 31.6% | 32.4% |
Dozen | 2:1 | 31.6% | 32.4% |
Color | 1:1 | 47.4% | 48.6% |
Odds and Evens | 1:1 | 47.4% | 48.6% |
Odds and Payouts for Inside Bets
Inside bets refer to options that are found in the center of the roulette table. This means that they can lead to significant payouts even though they are a bit difficult to land. The odds and payouts of inside bets are summarised below:
Bet Name | Payout | American Odds | European Odds |
|---|---|---|---|
Straight Up | 35:1 | 2.6% | 2.7% |
Split | 17:1 | 5.3% | 5.4% |
Street | 11:1 | 7.9% | 8.1% |
Corner | 8:1 | 10.5% | 10.8% |
Six Line | 5:1 | 15.8% | N/A |
Basket | 6:1 | 13.2% | 16.2% |
Odds and Payouts for Outside Bets
Outside bets refer to those that are found on the outer side of the roulette table. They provide better odds because they cover more numbers, but the payouts are not very significant. The odds and payouts are given below:
Bet Name | Payout | American Odds | European Odds |
|---|---|---|---|
Column | 2:1 | 31.6% | 32.4% |
Dozen | 2:1 | 31.6% | 32.4% |
Number Range | 1:1 | 47.37% | 48.65% |
Odds and Evens | 1:1 | 47.37% | 48.65% |
Color | 1:1 | 47.37% | 48.65% |
The Bets with the Best and Worst Roulette Odds
Outside bets probably have the best roulette odds because they are considered a safer option. Paying 1:1, they give you a higher chance of winning each bet, even if the payouts are low. Conversely, inside bets have the worst roulette odds because they provide a low probability of winning. Despite this, they can pay out significantly.
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