Roulette Odds Payout Calculator If you are a gaming and gambling enthusiast, then it makes sense to spend some time reading this article. All gambling games are built on the foundations of probability and if you understand and master this basic concept, the chances of winning big money in various online casino games cannot be considered a rare. How to Quickly Calculate Roulette Odds and Payouts for Any Bet. The three most popular types of online roulette are American, European and French. While all three of these types of the game have their own differences, the core payout structure of all three of them happens to be the same.

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Most of us might not realize, but we actually start learning how to gamble while we were still kids. Do you remember playing millionaires game or a game of monopoly? These are just some games of chance that we used to play when we were still kids. However, we only used fake money when playing these games. When playing roulette, real money is involved, so players need to a roulette odds calculator to determine their chances of winning in a game.

You Can Definitely Win

Can one really win in a casino game like roulette? The answer to that question is quite easy. Think about this, casinos cannot continue operating if they don’t have regular patronage. Gamblers on the other hand, will only patronize casinos if they see or they themselves have actually won. So the answer to the question is definitely a YES.

The only problem a gambler faces are the odds. The odds of winning a game and taking home the jackpot. Roulette can most likely be considered as the easiest game available in a casino when you look at the rules of the game. Players of the game simply need to select a number and place their bet on that particular number, while hoping the ball would fall stop on the number they have chosen once the wheel stops.

Familiarize Yourself with the Odds

A roulette player who sees what the roulette odds calculator are showing will definitely have a greater advantage when playing a roulette game. Aside from knowing a strategy that one can use for playing, it is necessary to have at least the basic knowledge of playing the game. In fact, this bit of information can guide you in selecting the right strategy when playing the game.

There are components of the game which can actually affect a player’s chance of winning in a game of roulette. A good example is the type of roulette wheel being used. An American roulette wheel and European roulette wheels do not have the same number of slots. There is an additional slot on the American roulette wheel and this obviously gives a higher house edge. A higher house edge means lower odds for winning on the part of the player.

The same thing goes for betting. You can employ inside and outside betting, but remember that your chances of winning for inside bets are lower and you get a higher payout should you win. On the other hand, outside bets have the highest odds for winning but the payouts are smaller. What a player must look for is to consistently win to make sure the earnings are increased.

Even if you know how to look into the roulette odds calculator, try not to be overconfident. Roulette is still a form of gambling and thus, very unpredictable. It can also become addicting. Several people have actually requested to ban themselves from casinos to get rid of their addiction. Roulette can be a fun game to play once in a while, as long as you have enough money to spend.

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.

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.

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.

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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 1^st third (1-12), 2^nd third (13-24), and 3^rd third (25-36). If y