Your Guide To Roulette Odds And Payouts

Source: Pixabay

When it comes to roulette, knowing the odds and payouts can make all a 180-degree difference in your experience of the game.

In this handy go-to guide, we’ll break down the basics of roulette odds and payouts, exploring different bet types and how they can impact your chances of winning. Whether you’re new to the wheel or a seasoned player spinning here at Spin Casino, this blog could just be the cheat sheet you’ve been looking for to help you play online roulette in New Zealand.

Rolling the Dice... Or Spinning The Wheel?

It’s important to understand that roulette isn’t just about luck, but also about strategy. From betting on a single lucky number to choosing broader combinations, each type of bet offers its own unique odds and payouts. Let’s take a look at the most common bets below...

Straight Bets: All-In On A Single Number

Feeling bold? Choose a straight online roulette bet as your ultimate high-risk, high-reward option. These bets are placed on a single number (0–36), offering a payout of 35 to 1. The odds? A slim 2.7% on a European Roulette wheel and even lower at 2.63% on an American Roulette wheel due to that pesky extra double zero. So, stick to European Roulette if you’re chasing better odds for a better bet. While the chances are small, the thrill of a big win keeps these bets popular.

Red Or Black: Playing It Safe

Not quite ready to go all-in? Placing a bet on red or black is a fantastic way to ease into roulette online. These “even-money” bets pay out at 1 to 1 and cover 18 of the 37 (or 38) numbers on the wheel. Your odds are around 48.6% on European or 47.4% on American online roulette games. Why are the odds slightly less than 50/50? Say hello to the green zeros. They’re the house edge that keeps the casino spinning in profit.

Odd Or Even: Simple Yet Strategic

Prefer online roulette strategies that offer a near-50/50 chance of winning? Then odd or even bets should be considered. They’re great for beginners who want to keep things simple while learning the ropes of roulette. The payout is the same as red or black – 1 to 1 – and the odds mirror those of its colour-based cousin.

Dozens And Columns: A Taste Of Variety

Looking for roulette odds and payouts that hover in between high-risk and low-risk bets? Dozens and columns might be your go-to. A dozen wager entails a bet on one of three groups of 12 numbers (1–12, 13–24, or 25–36). The odds are about 32.4% for European Roulette, and the payout is 2 to 1. Similar to dozens, a column bet covers 12 numbers in a vertical column on the betting grid, also with a payout of 2 to 1. With these bets, you’re spreading your chances while still enjoying decent payouts.

Splits, Streets, And Corners: Combo Bets

Keen to mix things up a bit? Combination bets let you bet on multiple numbers at once, each with its own odds and payouts. You can opt for split bets where you place a chip on the line between two adjacent numbers. The odds are about 5.4%, and the payout, 17 to 1. With street bets, you cover three numbers in a row with a single bet. The roulette odds are roughly 8.1%, and payouts, 11 to 1. And lastly you can place a corner bet on a block of four numbers. Odds sit at about 10.8%, with a payout of 8 to 1. These bets strike a balance between risk and reward, offering more coverage than straight bets but higher payouts than even-money options.

High Or Low: Betting Big Or Small

Prefer a broader range? You can take your chances with high or low bets that let you wager on numbers 1 to18 (low) or 19 to 36 (high). Like red or black and odd or even, the payout is 1 to 1. These online roulette bets are perfect for players who like a steady, straightforward approach.

Source: Pixabay

Apply Your Odds And Payouts Knowledge

Understanding the various roulette odds and payouts isn’t just for math whizzes. It can really help everyday players enjoy the game to its fullest. As they say, knowledge can go a long way, irrespective of which online roulette games you choose to play.

So next time you launch a game of virtual or live roulette at Spin Casino, you can spin with elevated confidence.