If you have been gambling, then you must be aware of the casino games and how the odds work. Roulette is one of the casino games that’s all about odds. This means that before you start playing this game, it is important to know how often you may win the game and how much of an advantage you need to deal with.
The odds of roulette are always discussed in terms of the house edge-the advantage the casino has over the player. If you are playing the European roulette, the house edge is normally 2.70% (1/37), while in American roulette it is 5.26% (or 2/38).
It is important to know the edge before you start playing any casino game. In the case of roulette, you can determine the edge by dividing the number of zeroes on the wheel by the total number of pockets. However, this can only apply to standard roulette games that pay out at odds. To have a better understanding. Let’s take a deep look into the odds of this game.
Payouts and Odds
Let’s use the American roulette as an example to explain how likely a player will win and why the odds result is the same house edge every time a bet is placed on the table.
If the ball stops on any of the 18 pockets that have the same color, gamers who have placed an even money bet like red/black win. This means that the chances of winning in this instance are approximately 47.37% or 18/38. So to calculate the house edge in such scenarios, you only consider 47.37% of the time you gain a bet and 52.63% when you miss it.
Winning Roulette Odds
Biased wheels have been taken advantage of by roulette gamblers many years. These are the roulette wheels that have not been properly constructed to make sure every pocket hit is with equal probability. In case the biased wheel focuses on a certain number, gamblers might take advantage of it by hitting the numbers frequently to overcome the house edge.
New roulette enthusiasts may be wondering how often a number has to be hit for gamblers to bet on if profitable. Roulette pays of “fairly” for a 36 number wheel. So in order to break even, Players have to hit their numbers once every 36 spins.
This is the reason why casinos always make sure their wheels are free of any bias. Any tiny change is big enough to put things in favor of the player once the edges on individual numbers are based on a small difference between the odds of numbers being hit and the payouts.
Odds of Unusual Roulette Events
It is the wish of any player to know the chances of odd occurrences being in play . For example, a number of them wonder how often the Martingale system will cost the stakes. This is the case where gamblers double their bets when they lose. Before the player hits the table limit, he may have to go through 7 consecutive losses on an even money. It is important to understand that the player will not be able to double his bet.
But this doesn’t mean that things cannot work in your favor. There are also possibilities that the same number might hit two or three times in a row. You should also understand that chances of doing so are very slim. This is what we mean, the odds that a number you have picked repeating on the next spin before any spin is 54,871-1 in the American plays and 50,652-1 in European roulette.
So as much as you would love to gamble or admire those people who live large from gambling, it is important to remember that betting systems may drain you a lot of money as much as they sound good.
American Roulette Odds
You will have 38 possible spaces on which the roulette ball may land since you will be having a zero, a double zero and 36 regular numbers. This means that you will have a 1/38 chance of winning when you bet a single number.
That said, you may not be able to stop gambling when you start. So, before you set out to gamble with the experts, consider the above mentioned tips. This will help you raise your chances of making a fortune outdo roulette.