Welcome to CasinoToday’s roulette player guide on the best roulette odds and payouts. In this very first chapter, we cut straight to the chase and run you through the process of understanding the odds, and how they affect the game, the edge that casinos have over players.
You’ll also have a nifty set of roulette odds charts, so be sure to save this page for future reference.
So, let’s get started!
What are Roulette Odds
You should know by now that roulette games are entirely based on chance, which means they are strictly reliant upon the odds included within the game and cannot be affected by skill. As the game is heavily reliant upon those odds, it would make sense that we would need to know the ins and outs of them before learning how and which way to bet.
This is made even more critical because roulette isn’t shy about offering players a ton of options when it comes to placing bets! Those different bets all have their own variation of specific odds too.
Now, throughout this chapter, we are going to show you:
- How to calculate your odds in roulette
- How specific roulette bet types work
- How the payouts give casinos an edge
But first, let’s break down what exactly are roulette odds.
So, the betting odds in roulette are basically the chance players have of that number being the winner. These odds will vary depending on the bet because some bets are easier than others and cover a greater amount of potential numbers.
Working out the odds in a game of roulette is relatively easy. In a basic sense, it’s just finding the percentage through the payout with the potential numbers, which in roulette there are 38 in American variants and 37 for European variations (1 to 36 plus the 0 and 00).
The betting odds for getting it correct and picking the single number with a straight-up bet is 37 to 1 (the 38 numbers). Unfortunately, the casino will only pay 35 to 1 if you win this straight-up bet.
This difference between the odds and the payout is where we find the edge – an essential consideration for players, and one which we will continue discussing in our next section.
How Roulette Payouts Give the Casino an Edge
The payouts in roulette games all have something in common – and you might not know what that is. It’s that all games will pay less to players than the true odds of hitting a win. This is what gives the house its edge, being 5.26% in roulette games.
Yes, that is an advantage to the casino but don’t freak out. This is a common part of gambling games; your winning odds will always be lower than the payout you receive.
Like we pointed out before, there are 38 numbers on the wheel. One of those numbers will win; therefore, your odds of winning are 37 to 1. These are long odds on the straight-up bet, but remember the payout is 35 to 1 and not 37 to 1, meaning the casino will win more often than not.
The same can be seen with all roulette payouts; they are leveraged to the casino for that edge.
- Split bets have an 18 to 1 odds of winning, but a payout of only 17 to 1
It’s not exactly a rigged situation; instead, it is a mathematical advantage, and unfortunately, there really is no way to get past it.
Remember that roulette is an entertaining game, and it is possible to win real money, decently too. There is no need to drill in and beat yourself up, thinking about getting over the disadvantage. Instead, enjoy yourself and socialize with fellow gamers while you play.
Don’t focus on the losses; look towards potential wins with an upbeat mindset!
Calculate Your Odds with these Charts
Here we will look at the odds in roulette, making it very easy for you to learn how much your bets will payout and what the odds are of winning on particular bets in both European and American variants of the game.
The chart below will give you an overview of all the payouts and odds for typical roulette bets.
Don’t stress if you are unfamiliar with how these payouts and odds are set out – it’s really simple. The payouts are typically mentioned or referred to in the form of x to 1, meaning you could win x amount of money for every $1 that you bet. This can also be set out in the form of x:1, which means the same thing.
So, if you placed a $10 straight bet at 35:1, your payout would be $35 for every $1. On your $10 bet, this equates to $350!
Now, we’ve given you the information below, but on the off chance you don’t have access to it and forget – you can work out the payouts with a straightforward calculation. On your bet, divide 36 by the amount of numbers (or squares) that your bet will cover. Then take one from that amount, and you’ll have the payout odds.
An example of this using a square bet (four numbers) would be 36 divided by four, which equals nine – and then remember to remove one from this, which gives us the payout of 8:1.
Roulette Bet | Pays | Odds in European Roulette | Odds in American Roulette |
Inside Bets | |||
Straight Bet (1 number) | 35:1 | 2.70% | 2.60% |
Split Bet (2 numbers) | 17:1 | 5.40% | 5.30% |
Street Bet (3 numbers) | 11:1 | 8.10% | 7.90% |
Square Bet (4 numbers) | 8:1 | 10.80% | 10.50% |
Beast Bet (0, 00, 1, 2, 3) | 6:1 | N/A | 13.20% |
Line Bet (6 numbers) | 5:1 | 16.20% | 15.80% |
Outside Bets | |||
Red or Black | 1:1 | 48.60% | 47.40% |
Odd or Even | 1:1 | 48.60% | 47.40% |
Low Bet (1-18) | 1:1 | 48.60% | 47.40% |
High Bet (19-36) | 1:1 | 48.60% | 47.40% |
Dozen Bet | 2:1 | 32.40% | 31.60% |
Column Bet | 2:1 | 32.40% | 31.60% |
Odds by Bet Type
As you’ll likely begin to realize, the odds and payouts in roulette are heavily linked to the bet type. These bets are linked to two different types, there are:
- Inside bets
- Outside bets
What makes an inside or outside bet is that it essentially comes down to where the bet is located on the betting table layout.
Let’s break these two bet types down further to help you wrap your head around them.
What is an Inside Bet?
If you opt for the inside bets, then you will need to cross your fingers too. These bets are much harder to hit on, which is why the payouts are much more attractive. As you would expect, the inside bets are plays regarding the numbers within the betting layout.
Before we get into the various bets, remember this – the house edge is the same for both inside and outside bets.
That’s not the payouts and odds of winning, though; these are significantly different.
Examples of roulette inside bets include:
Straight Bet
This is the most lucrative of all roulette bets, offering a 35 to 1 payday. However, it comes at a cost with odds of 2.70% (European) and 2.60% (American). The straight bet is a straight pick, going all-in on one number only.
Split Bet
The split bet is a bet on two adjacent numbers, offering slightly better odds of 5.40% and 5.30%, paying 17 to 1 if either of the two numbers comes up a winner.
Street Bet
The street is a three number bet, which pays 11 to 1 with odds of 8.10% and 7.9%. These are three consecutive numbers on the board, for example, 16, 17, 18, going across the columns.
Corner Bet
A corner bet, also known as the square or quarter bet, is a pick on four adjacent numbers within a square. Each number will share a corner point – hence the name. The odds of winning across this bet is 10.80% and 10.50%, with a payout of 8 to 1.
Beast Bet
The beast bet is a five number bet that is only available in American roulette variants as this bet features the 0 and 00 numbers and the 1, 2, and 3. It comes with odds of 13.20% and a payout of 6 to 1.
Line Bet
The line bet covers two adjoining rows of numbers for six numbers and has a payout of 5 to 1. The odds of winning one a line bet is 16.20% and 15.80%, respectively.
What is an Outside Bet?
The outside bets will typically offer players the best odds of winning. These outside bets cover about half of the potential wagers in roulette, which is excellent news for players thanks to that more significant chance of scoring a win.
However, having better odds of winning ultimately means that the potential payout will not be something to write home about. Instead, these payouts are typically even money, but some of the ‘harder to win’ odds will offer slightly better payouts at 2:1.
The roulette outside bets include:
Red or Black
Simple as picking either-or, will the winning outcome be a red or black number? The odds are 48.60% (European) and 47.40% (American). Paying even money.
Odd or Even
Will the winning number be odd or even? Paying even money with a 48.60% and 47.40% odds of winning.
Low or High
The low or high bets cover a range on either side of the table and pay even money again. A low bet covers numbers 1 to 18, and the high bet covers 19 to 36. The odds of winning here are again 48.60% and 47.40%.
Column Bets
There are three column bets to make in roulette. These columns cover the long stretch of 12 numbers each and pay 2:1 with odds of 32.40% (European) and 31.60% (American).
Dozen Bets
There are also three dozen bets to make, the first dozen covering 1 to 12, the second covering 13 to 24, and the third dozen covering 25 to 36. All these bets pay 2 to 1 with odds of 32.40% and 31.60%.