What are roulette odds?

Roulette odds, an integral aspect of the casino game Roulette, refers to the statistical probability of any specific outcome occurring. Understanding these odds is crucial for players who wish to strategize and make informed decisions while playing. Essentially, they are the mathematical likelihood of winning or losing based on the bet type one places in the game. Odds on roulette can vary, primarily influenced by the two main types of roulette wheels: the European version, with 37 pockets, and the American version, with 38. If you want to know more about how many numbers are on a roulette wheel read here.

It’s also vital to differentiate between roulette odds and the house edge. While the former pertains to the probability of winning, the latter refers to the advantage the casino holds over players, ensuring its profitability. The house edge is an inherent part of Roulette and differs based on the type of wheel and bet placed. You can read more about how to play roulette here. In this article you can read more about the different roulette odds based on the different betting opportunities in roulette.

Different types of bets

Roulette offers a range of different bets, allowing for different strategic approaches to the game. Each bet type is distinct, carrying its own specific odds of winning. This variability in roulette odds influence a player’s potential return on investment, making the choice of bet type important. Understanding the different types of bets is also important for players, as it significantly impacts the game’s dynamics and outcomes.

Inside bets
Inside bets in roulette refer to a category of bets that players can make on specific numbers or clusters of numbers within the number layout on the roulette table. These bets are termed ‘inside’ because they involve selections from within the rectangle where all the numbers are arranged. Inside bets offer significantly higher payouts due to the lower probabilities of hitting a win.

The advantage of inside bets comes from the potential for large returns on a small stake, making them ideal for players seeking a high-thrill experience. However, these bets demand a deep understanding of roulette’s nuances, as the precise nature of these wagers requires a strategic approach. Each type of inside bet has its own payout structure and odds, and a balanced perspective when it comes to the risk vs. reward ratio.

What are the odds on roulette: Inside bets

Inside bets in roulette are placed directly on one or more numbers. These bets have lower odds of winning but offer significantly higher payouts due to the precise nature of the wager. The inside bets include:

1. Straight: Betting on a single number
2. Split: Betting on two adjacent numbers on the table
3. Street: A bet on three consecutive numbers on a single line
4. Corner: Betting on four numbers that form a square
5. Six Line: A bet on two adjacent lines, covering six numbers in total
6. Trio: Betting on three numbers, including at least one zero
7. Basket: A bet on the first four numbers, including the zero(s)

Bet	Total numbers	European odds	American odds	Payout
Straight	1 number	2.7%	2.6%	35:1
Split	2 numbers	5.4%	5.3%	17:1
Street	3 numbers	8.1%	7.9%	11:1
Corner	4 numbers	10.8%	10.5%	8:1
Six line	6 numbers	16.2%	15.8%	5:1
Trio	3 numbers	8.1%	7.8%	11:1
Basket	4 numbers	10.8%	13.2%	6:1

Looking to play roulette on an online casino that accept Bitcoin? See a list of Bitcoin roulette sites here

Outside bets

In roulette, outside bets are wagers placed on broader categories of numbers or on other aspects of the game that don’t involve specific numbers themselves. These bets are found “outside” the main number grid of the roulette table layout, hence the term “outside bets.” They offer a lower payout compared to inside bets due to a higher probability of winning.

These bets appeal to players due to their lower volatility and increased chances of securing a win, though the winnings are comparatively lower than those obtained from winning inside bets. They are particularly popular among new players or those who prefer a more conservative approach to the game, focusing on steady, incremental wins.

What are the odds on roulette: Outside bets

Outside bets in roulette are placed on larger groups of numbers or colors, offering a higher probability of winning but with smaller payouts. The outside bets include:

1. Red or black: Betting on the color outcome of the spin.
2. Odd or Even: Predicting whether the ball lands on an odd or even number.
3. High or Low: Betting on whether the outcome will be in the low (1-18) or high (19-36) range.
4. Dozens: Placing bets on groups of 12 numbers, namely 1-12, 13-24, or 25-36.
5. Columns: Betting on an entire column of 12 numbers on the roulette layout.

Bet type	Total numbers	European odds	American odds	Payout
Red or black	18 numbers	48.6%	47.4%	1:1
Odd or even	18 numbers	48.6%	47.4%	1:1
High or low	18 numbers	48.6%	47.4%	1:1
Dozens	12 numbers	32.4%	31.6%	2:1
Columns	12 numbers	32.4%	31.6%	2:1

Do you prefer using Ethereum when playing the roulette? See a list of Ethereum roulette sites here