Roulette is a game that attracts countless new players every day, but most of them enjoy the game and playing it, and need to learn how to increase their winning chances. That’s where this article comes in handy for you, through this article I will explain to you everything about the roulette odds and the payout calculator.
The roulette payout calculator is made by using an easy-to-use interface. Understanding your odds will always help you to manage your bankroll wisely and make better choices which will lead you to build a far better strategy while playing roulette.to find more, continue reading.
What is the Roulette odds & Payout calculator?
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Roulette Payout Calculator
Knowing the roulette odds will help you in making informed decisions while betting, you can decide if the bet is worth risking or not. You can calculate these odds manually, but why should you, when you can use the payout calculator tool which is free to use? A payout calculator is a tool that is made using an easy-to-use interface.
You just have to go search for roulette calculator and choose between playing the American version of roulette or the European version of roulette, after choosing it now you have to select the chip you want to know the payout of from the left-hand side in your real game then you can place the bet. Spin the wheel if you want random results or you could give the actual outcome that you got. You will see the amount you either won or lost in the pop-up that comes after.
Roulette odds
In terms of roulette, the odds are the likelihood of you winning a particular bet. Let us look at an example, when it comes to American roulette, the odds of winning on a straight-up bet on a single number are from 37 to 1 because there are 38 possible outcomes in the game (including zero and double zero).
However, the payout you will get for winning a straight-up bet is from 35 to 1, which can include the house edge. The House edge is a built-in advantage that the casino has over bets, which allows them to keep a percentage of all the bets.
The odds of roulette are mostly shown as a percentage, giving you a sense of how the chances are for you to win, while payouts are the ratio of the chances of you to win relative to the bet you placed.
How roulette is Played
Before giving you the instructions on how to play roulette, let me tell you about the two types of roulettes: American roulette and European roulette
American Roulette
American roulette is a variety of roulette that includes both 0 (single zero) and 00 (double zero) with a roulette wheel containing 38 pockets. The extra zero seen in this version will increase the house edge the casino has over the game.
European Roulette
European roulette is like a classic variety of roulette which includes only a single zero (o) with a roulette wheel containing 37 pockets. The European roulette has better odds than that of American roulette due to the absence of the double zero.
Steps on how to play roulette
So now I am going to tell you the step-by-step instructions on how to play roulette given below.
Start roulette by placing your chips on the table layout. Now you should choose between the inside bet and the outside bet. Inside bets are the bets that are placed on any numbers that are seen on the inside section of the table. Outside bets are bets that will cover a larger group like red or black, odd or even, or specific ranges of numbers.
You can bet on any numbers that are from 1-36, which alternate between red and black or go for a bet that is much safer, like the color or odd/even options. Note that the numbers 0 and 00 are always green.
You can only place your bets until the dealer (or croupier) announces, “No more bets,” so be the one to quickly place the bet or you won’t be able to.
Now you have to be patient enough to see the results, whether your bet is successful or not.
Roulette payout charts
The payout of different types of roulette might differ, as might its odds. So we have made a chart for you combining all the odds of different types of roulettes: European roulette odds and American roulette odds.
| Type of Roulette Bet | Example of a roulette bet | Payout in Roulette | Odds in American roulette | Odds in European roulette |
| One Number (Straight Bet) | 7 | 35:1 | 2.63% | 2.70% |
| Two Numbers | Either 19 or 20 | 17:1 | 5.26% | 5.40% |
| Three Numbers | Any number from 28, 29 or 30 | 11:1 | 7.89% | 8.10% |
| Four Numbers | Any number from 5,6, 8 or 9 | 8:1 | 10.52% | 10.81% |
| Five Numbers | Any number from 0, 00, 1,2 or 3 | 6:1 | 13.15% | 13.51% |
| Six Numbers | Any number from 4 to 9 | 5:1 | 15.79% | 16.21% |
| twelve Numbers (Column/Dozen) | Any from 13 to 24 and any number from the third column. | 2:1 | 31.58% | 31.58% |
| eighteen Numbers (Red/Black/Odd/Even/High/Low) | Black over red | 1:1 | 47.37% | 47.37% |
Types of roulette bets, odds & payouts
When it comes to the types of roulette bets, it can be split into two: inside bets and outside bets.
Roulette inside bet odds
In roulette, inside bets are placed on the numbers that are found in the center of the roulette table, and they can be grouped by position or chosen as random. The odds of winning inside bets are lower compared to those of an outside bet, but it does offer you a higher payout.
If you take American roulette, for instance, the chances of you hitting a single number are just 2.63% or 1 in 38. The more numbers that you cover in your bet, the better your odds will become, but the payout will grow smaller.
Betting on three numbers will give you a 7.89% chance of winning. players are attracted to betting on the inside bet as it has a much higher payout. However, since the odds are low, you need a bankroll that can withstand multiple rounds of betting without a single win.
Let us look at an example: if you place a straight bet on a single number for 25 spins, your odds of winning at least once would be about 49%. We calculate this by finding the probability of you now winning in 25 spins, which is (37/38)^25 = 51%. This means that there is a 49% chance of you winning at least once during these 25 rounds. There is also a smaller chance, around 12%, that you will win twice within these rounds.
| Roulette bet type | Its potential payout | Odds in American roulette | Odds in European roulette |
| Straight bet | 35:1 | 2.6% | 2.7% |
| Split bet | 17:1 | 5.3% | 5.4% |
| Corner bet | 8:1 | 10.5% | 10.8% |
| Street bet | 11:1 | 7.9% | 8.1% |
| Double street bet | 5:1 | 15.8% | 16.2% |
| Basket bet | 6:1 | 13.2% | N/A |
Roulette outside bet odds
In roulette, Outside bets are placed on the outer part of the betting table, and it does cover a large range of numbers, giving you far better odds at winning compared to inside bets. However, the payouts are lower, with most of the bets offering either even money (1:1) or 2:1.
Common outside bets include red or black, high or low, odds or even, and also column or dozen. For bets like red/black, high/low, or odd/even, your chances of winning are 47.37 in the American roulette and 48.65% in the European roulette.
These bets will pay you a ratio of 1:1, meaning if you win, you will get your original stake back along with an equal amount in winnings. When it comes to column and dozen bets, which cover 12 numbers, the odds of it are slightly lower: 31.58% in American roulette and 32.43% in European roulette. These bets will pay you a ratio of 2:1.
| Roulette bet type | Its Potential payout | Odds of American roulette | Odds of European roulette |
| Black or red | 1:1 | 47.37% | 48.65% |
| High or low | 1:1 | 47.37% | 48.65% |
| Odd or even | 1:1 | 47.37% | 48.65% |
| Dozen | 2:1 | 31.6% | 32.4% |
| column | 2:1 | 31.6% | 32.4% |
How do you calculate roulette payouts?
Calculating the winnings in roulette, otherwise called the payout of roulette, can be simple if you know how it works. The formula X:1 is used to calculate the payout of the bet, in which the x symbol represents the payout of the specific type of bet, and the 1 symbol represents the player’s bet.
We can put this as an example; the ratio 18:1 means that the player will get 18 units for each 1 unit they bet on. So then, if you bet $10 on it, then the payout will be $180. Do you know how? It is by multiplying the $10 you bet on with the 18, 10 x 18 is 180.
You also get back the stake; in total, you will get a sum of $190 in hand. Let us look at one more example so this will be crystal clear for you. 1:1 means that the player will receive 1 unit for 1 unit they bet on. So if you bet on this with a $10 and you end up winning, then you will be awarded with a $10 itself, as the payout was 1:1, 10 x 1 = 10. You will also receive the stake you betted on back, so if you sum it up, then it will be $20 that you will receive.
If 4:1 is the payout of your bet, then you have to multiply the amount you bet on by 4 to know what your payout will be if you end up winning. This means that the number on the left side determines how many times your bet is multiplied.
So, we can make this into an equation as:
Payout = bet amount x payout ratio + bet amount
How to calculate odds in roulette
Finding the odds in roulette can be done by following the step-by-step instructions mentioned below to learn how to calculate the odds in roulette.
Firstly, you must find out how many potential winning scenarios are there for the number you have placed the bet on.
Now you should find out the total number of possible outcomes that could happen. If you are playing American roulette, there are 38 different outcomes, and when it comes to European roulette, there are 37 different outcomes. So find you the total number of outcomes to your bet.
Now divide the first number by the second, that is, divide the number of potential winning scenarios by the number of possible outcomes.
Now you have to multiply the number you just got by dividing the probability by 100. Now you have the percentage of the odds.
Roulette and house edge or expected value
The house edge, also known as the expected value, is the average amount a player is likely to lose on each bet they place. It’s the built-in advantage that ensures the casino earns a percentage of every bet, which is how they make their profits.
These house edges can vary from game to game and casino. The slot machine has a house edge of up to 15%, while Keno will have a house edge of up to even 25% in games like blackjack and Spanish 21, which are played based on skill, and good blackjack and Spanish 21 games have a very low house edge, which is below 0.5%.
The house edge of these games will be determined by the optimal play, otherwise called the “basic strategy,” where there are no advanced techniques involved, such as card counting. The basic strategy can be played for all hands, and it depends on the number of decks used along with some specific rules.
To understand how it works when it comes to roulette, let’s take a look at this scenario: if you are about to bet $1 on all the numbers you see in European roulette, including the zero, that means you covered all the possible outcomes, which is $37 to be spent on a single spin.
Now you know that one of the bets you have made would be the win; as the prize, you will receive an amount of $36, which includes the stake. So wonder where the remaining $1 went to? Yes, it is the house edge. In this scenario, you will be winning $36 for a $37 bet. The house edge of this is 2.70%. The house edge in American roulette is higher than that of European roulette.
FAQ
The best bet to place in roulette is to bet on the red/black, odd/even, or small/big. By betting on these, you will have at least a fifty percent chance of doubling the amount that you have wagered on.
The odds of betting on both o and 00 pay from 35:1 as it is a straight bet. So if you place a 2 unit bet, then multiply this 2 with 35, in which the total is 70.
Even though both American roulette and European roulette share many similarities, it also has many differences. European roulette consists of 37 numbered pockets and has a single zero with a house edge of 2.70%, while American roulette has 38 numbered pockets and has double zero with a house edge of 5.26%. The additional 00 in American roulette is the reason why the house edge is increased.
The payout for hitting a single number or a straight-up in roulette is 35:1.
Predicting online roulette can be challenging as the casinos are designed to be unpredictable for the players, and it consists of RNGs (random number generators) and advanced algorithms.
To calculate the payout in roulette, you can use the equation mentioned above, which is,
Payout = bet amount x payout ratio + bet amount
The 3/2 rule, or triple-two, is a betting strategy in roulette. It contains dividing all 36 numbers into 3 dozens containing 12 numbers each. Two bets are placed on these three dozens, where each bet covers the 12 numbers (1-12 and 13-24), and the third dozen is left uncovered (25-36).
