Roulette is straightforward and unintimidating. A greenhorn could watch for a few minutes then jump in and play with the best of 'em. And, depending on a person's preference, bets can be made individually or in combination over a range from those with lots of small payoffs to others having relatively few large returns. How do I get the best online roulette odds and payouts? First, you should know what are the odds on roulette depending on the specific bet type. The highest roulette odds (36 to 1) are for a single number bet and the lowest (1 to 1) are for outside bets like Odd/Even or Red/Black.
Payout is an expected amount of money that the player can get based upon the bet placed. Payouts in online roulette are as in any other gambling game dependent upon the probability of a number coming up. Single numbers (like Straight-up bet) provide very attractive payout of 35 to 1, but a straight-up number bet wins very rarely and the roulette odds are very small. Other bets only provide even money but are very likely to win and therefore are the ones you should go for.
Roulette payouts are the same for internet roulette and land version of the game. Let's start with the payouts for inside bets. These are the highest because of the low winning probabilities. For example, if your Straight-up bet worth $100 wins, you will be paid out: 35 x $100 = $3,500; but if you make a Split or Street bet and win, the payout will be $1,700 and $1,100 correspondingly.
| Bet | Quantity of numbers | Payout |
| Straight-up | 1 number | 35-to-1 |
| Split | 2 number | 17-to-1 |
| Street | 3 number | 11-to-1 |
| Corner (Square) | 4 number | 8-to-1 |
| Five-number | 5 number | 6-to-1 |
| Six Line | 6 number | 5-to-1 |
Outside bets have much lower payouts than inside bets, but they are considered to be the most secure. Here the roulette payouts vary from 2-to-1 to 1-to-1 (which are also known as 'even money'). So, if you place $100 and win on any of the outside bets you can be paid $200 or $100 in addition to the wagered amount that is also returned to you.
| Bet | Quantity of numbers | Payout |
| Column | 12 number | 2-to-1 |
| Dozen | 12 number | 2-to-1 |
| Low | 18 number | 1-to-1 |
| High | 18 number | 1-to-1 |
| Red | 18 number | 1-to-1 |
| Even | 18 number | 1-to-1 |
| Odd | 18 number | 1-to-1 |
The size of the payout that players receive depends upon the size of the bet they place at the roulette table. As you see, the less numbers the bet covers, the higher payouts are. To remember all the bets and payouts use the special roulette cheat sheet which contains all you need for roulette play.
At any roulette table a player is allowed to place as many bets as he wishes within the bankroll limits. Thus several bets from the player could win. In such a situation the payouts are added together. For example, if you place $5 straight-up on 7, $5 on red, and $5 on the first dozen and the ball lands on 7, you will be paid out:
35-to-1 on straight-upeven money on red 2-to-1 on dozen
Probably, the best option is to combine bets which means to place both inside and outside bets, because then you have more chances to win than when you place just straight-up bets or the ones with high payouts. To play roulette wisely, no matter how lucky you are, it is better to follow roulette strategy and manage your bankroll.
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.
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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 Travelzoo las vegas buffet. – 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
Roulette 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:
Best Bet On Roulette Table
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.
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Chumba is the best online casino site to play roulette for cash prizes. It's also a great option to practice your roulette strategy online. It's available to players across the US (except Washington state).
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 Travelzoo las vegas buffet. – 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
Roulette 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:
Best Bet On Roulette Table
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.
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.
How Much Does Roulette Pay If You Hit A Number
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.
