Roulette Inside Odds
Roulette offers a bewildering number of betting options, but the bets are actually straightforward enough. In order to make sure you get the correct payout, you’ll want to make sure that you put your chips in exactly the right place on the table. Missing a payout because your chip isn’t in the right spot is a drag.
Roulette payouts are an important part of roulette strategy. They work like this. The odds are stated in the form of x to 1, which means you’ll win x dollars for every dollar you’ve bet. For example, the single number bet offers a payout of 35 to 1. If you win, you’ll get your dollar back plus the $35 for the win.
Roulette table odds refer to the chance of each outcome occurring while payout odds refer to the amount paid back for a win after the house edge has been factored in (more on this at the end). As you’ll see shortly, there are a variety of bets you can place, each with their own unique odds that pay at differing amounts. For example: the probability of winning a straight-up bet in single-zero roulette is 1 in 37, or 2.70 per cent; but the extra pocket in double-zero roulette changes that figure to 1 in 38, or 2.63 per cent. The more numbers there are on the wheel, the worse the odds become for the player. Where to play and practice inside bets in online roulette.
Roulette Inside Odds Against
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Payouts on the Outside Bets
On the edge of the table are a series of bets which are “outside” the 38 numbers on the table. Each of these bets refers to a specific set of numbers or colors. If the ball lands on 0 or 00, you’ll lose on any of the outside bets.
The outside bets include:
Red or Black – This bet pays out even odds (1 to 1) if the ball lands on the color you chose.
Odd or Even – This bet pays out even odds (1 to 1) if the ball lands on odd or even, depending on which you chose.
Low or High – This bet pays out even money (1 to 1) if the ball lands on 1-18 if you bet low, or if the ball lands on 19-36 if you bet high.
Columns – The numbers on the layout are organized into three columns of twelve numbers each. A “columns” bet wins if the ball lands on one of the numbers in the column you chose. This bet pays out 2 to 1 when you win.
Dozens – There are 36 numbers on the table, so you can bet on the first dozen (1-12), the second dozen (13-24), or the third dozen (25-36). This bet also pays out 2 to 1.
Payouts on the Inside Bets
You can also bet on specific numbers and sets of numbers on the inside of the layout. These bets win less often, but they pay out more when you do win. The house edge on the inside bets is the same as the house edge on the outside bets.
The inside bets for roulette include:
Straight-up – This is a bet on a single number. It pays off at 35 to 1.
Split bet – This is a bet on any two adjacent numbers. You place the chip on the line between the two numbers in order to make this wager. This bet pays out at 17 to 1.
Street bet – This bet covers three numbers. You place your bet on the line outside of the three numbers in the row where you want to win. This bet pays out at 11 to 1.
Corner bet – Some people call this a square bet or a quarter bet. It’s a bet on a corner that makes a square, and it’s a bet on four numbers. A win on this type of bet pays out at 8 to 1.
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Five-number bet – You can only make one five-number bet, and it’s the only inside bet that offers different odds from all the others. The problem is that it has a higher house edge, making it the worst bet on the table. This bet is on the numbers 0, 00, 1, 2, and 3, and you place the chip on the outside corner line between the 1 and the 0. This bet pays out 6 to 1, but only masochists place this bet.
Six-number bet – Some people call this a line bet. It covers two adjoining rows of numbers. It pays out at 5 to 1.
How Roulette Payouts Give the Casino an Edge
These payouts all have one thing in common—they pay out less than the true odds of hitting a win. That’s why the casino enjoys a house edge of 5.26% on roulette. Your odds of winning are always less than the payout amounts.
For example, the odds of winning a straight-up bet are 37 to 1. There are 37 numbers on the wheel that lose, and 1 bet on the wheel that will win. But the bet only pays out 35 to 1, not 37 to 1, so the house wins more often than it loses.
A split bet offers you odds of winning of 18 to 1, but it pays off at 17 to 1.
I could list all of them, but you get the idea by now. The casino has an unassailable mathematical advantage on every bet. No betting system or strategy can overcome this advantage.
Of course, in the short run, anything can (and often will) happen. This is called “standard deviation”, and it explains why some people walk away from the roulette table as winners. The mathematically true results only come around the closer you get to an infinite number of spins.
So the best way to approach roulette is as a lark. It’s a fun game. You can relax and socialize while you play. But don’t expect to win, because the odds are against you. And if you do win, walk away and smile, because you beat the odds.
Casino Roulette 101: Interpretation of Inside Bets in Roulette.
Continuing with our new series on live and online roulette games, today’s discussion will be an introductory lesson in roulette betting. There are three types of wagers that can be placed; Inside bets, Outside bets, and (in a land-based casino) Announced bets.
This article will focus entirely on Inside Bets. You’ll learn all the different types of inside bets, how to place them, what to expect in return, the odds of winning and the true house edge. If you aren’t too familiar with the game of roulette, take a moment to read our previous Casino Roulette 101 tutorial:
Inside Bets in Roulette
The term Inside Bets refers to the inner-most area of a roulette table’s betting diagram. Take a look at the roulette graphic below. The inner-most area is the section that contains all of the numbers, from 0 to 36.
All inside bets are based on one specific number, or small group of up to 6 adjacent numbers. The following is a run-down of all inside bets. Refer to the Figure Diagram on the right for references to the placement of each bet.
Placing a chip directly in the center of a number, such as the number 8, is a Single-Number Bet (fig. 1) on that number. If the 8 wins, the player wins the bet. If any other number wins, the player loses the bet. Place a chip on the line between 21 and 24, and it becomes a Split Bet (fig. 2) on both of those numbers.
Roulette Inside Odds On Jeopardy
A Street Bet (fig. 3) is a group of three consecutive numbers in a column, such as 1-2-3, 13-14-15, or 25-26-27. You can make this wager by placing a chip on the outside line of the column. Similarly, a Double Street Bet (fig. 4) is a wager on all six numbers in two adjacent streets, such as 1-2-3-4-5-6, or 28-29-30-31-32-33. This bet is made by placing your chip on the outer line of both columns, where they intersect.
A Corner Bet (fig. 5) is a wager on 4 adjacent number in an intersecting square, such as 16-17-19-20. This bet is made by placing a chip directly on the intersection of those four numbers.
Trio Bets (fig. 6) and Basket Bets (fig. 7) are special wagers associated with single-zero roulette games, like European and French Roulette. A Trio Bet is a wager on the 0-1-2, or the 0-2-3, made by placing the chip on the intersecting line between those numbers. A Basket Bet is similar, betting on the 0-1-2-3 by placing a chip on the outer line where both columns intersect.
CAUTION: A word to the wise—be careful where you place your chip when playing in a land-based casino. If you’re betting on a single number, your chip needs to be in the very center of the number’s box. If your chip is touching any edge line, even slightly, it may be interpreted as a line bet. More than one player (claims to have) lost what would have been a 35-to-1 payout due to bad positioning of their chips. To be certain, you can always ask the croupier to place your bet for you. Hand him the chip and tell him where it goes—there can be no confusion! Note that this is not an issue when playing online roulette.
Roulette Inside Odds On Monday Night Football
Inside Bets Payout, Odds & House Edge
| Inside Bet | Payout | Odds of Win | House Edge |
| Single-Number Bet | 35 to 1 | 2.7% | 2.7% |
| Split Bet | 17 to 1 | 5.4% | 2.7% |
| Street Bet | 11 to 1 | 8.11% | 2.7% |
| Double Street Bet | 5 to 1 | 16.22% | 2.7% |
| Corner Bet | 8 to 1 | 10.81% | 2.7% |
| Trio Bet | 11 to 1 | 8.11% | 2.7% |
| Basket Bet | 8 to 1 | 10.81% | 2.7% |
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