Roulette is one of the oldest and most balanced betting games available today. Whether you are playing in person, or online, roulette offers one of the best chances for you to make money. However, as always, the betting odds for roulette are still tilted in favor of the house.
How Roulette Works
Roulette is played by taking a ball and placing it on a spinning wheel. The spinning wheel has 38 slots, which are numbered from 1 to 36 which are alternately colored red and black. There is also a zero slot as well as a double zero slot.
The dealer, or computer, drops the ball onto the spinning wheel. when the wheel stops, the ball lands in a specific slot. Depending on what you bet on, you receive a payout accordingly. What makes roulette relatively balanced is the outside bets. In roulette, it is also possible to bet on whether or not the ball will land on odd, even, or red and black.
Roulette Betting Options
There are 6 options on the table that offer a one to one win. These are red, black, odd, even, 1 to 18 and 19 to 36. These seem like they should be a fifty percent probability to win. However, the zero and the double zero are factored in. They count as neither colored or odd and even. This leaves the probability of winning as less than fifty percent. In fact, the probability of winning is 47.37%. While this is relatively close to an even probability, the house still carries the winning edge. This edge is calculated out as 5.26%.
The player also has the option to bet on the numbers in thirds, 1 to 12, 13 to 24 or 25 to 36. This offers a two to one payout, but gives the player only a 31.58% probability of winning. As players become more specific in their bets, the probability of them winning decreases while the potential profit increases.
The House Edge
The house edge is the percent of each bet that the casino can count on as profit. This means that for every bet played, the house can count on a specific amount of income. The house edge in roulette, as mentioned above, is 5.26% in all bets except for the first five numbers. When betting the first five numbers, 0-00-1-2-3, the house edge increases to 7.89%.
In some electronic roulette games, it is also important to remember that some online casinos don't pay on a 35 to 1 win basis. This means that the original wager is not returner. When playing in this manner, the house edge does not change, but you need to convert the 35 to 1 win probability to a 35 for 1 probability.
Roulette is perhaps one of the most balanced games, but the house still has the edge. Every time you place a bet, the house makes money. However, you have a near 50% chance of making money as well. Playing roulette can be an extremely fun, and profitable, game for those who stick with it. There are many betting strategies to help take advantage of these near even odds. However, regardless of how well thought out your system is, the house edge skews the odds for roulette in favor of the house.
Everybody would love to improve their odds at Roulette. You don't have to think that all your life problems are going to disappear by improving your odds playing this addicting game of luck. When you approach a Roulette table all bets are off, you are either going to win or loose, nobody knows. Until you start playing, nobody will know how well you end up at the end of the night. Although there is no sure way to ever beat a casino game except Blackjack, and that is through card counting which is illegal almost everywhere, you can follow of few guidelines that will lengthen your stay on the table and provide you with some profits.
You gotta know the basics
A little bit of strategy in your plan can take you a long way. You can bet on as many numbers as you want but that is exactly the opposite of what you want to do. Sticking to betting one bet at a time will maximize your profit gains while minimizing your losses. The more bets you make, the harder the game is going to be, which eventually will lead into it not being fun anymore.
Here are some tips for improving your odds:
Bet on the Colors or Odds. The best way to stay afloat in Roulette is to only bet on either Black or Red, or bet on Odd or Even. The best odds in the game are all in those bets even if they only pay whatever you bet in profits back to you.
Increase your chances by combining bets. Betting on Odds or Even and Red or Black at the same time will double your bet, but also work in a 66% type of chance that is on your side.
Here are some long term strategies to better your odds:
Making bets in Roulette may look like the right thing to do, but its not what you want to be doing if you want to make money not loose it.
Once the Roulette table starts spinning, it never stops until there are no players betting. Begin by observing for tables with at least a couple of players on it and sit back and wait for the table to hit 3 of the same color in a row. Once that happens, making a small bet of $5 on the color that hasn't been picked in 3 turns has very high chances of being the right bet since it hasn't been picked and there is only two colors to choose from.
In some situations, the choice you made is not going to be the right one and you are going to loose your bet, which is this situation is $5. There is a way to turn the clock around and fix what has done, and make the profit the first $5 was supposed to make.
Make sure you don't miss out on the next bet because it most likely will be the bet that makes your money back plus the original $5 that you bet and lost. This could go one for a couple more times but it will not last and eventually you will win.
Although you might only make $5 every 3 or 4 turns but that will add up to a nice amount within 30 minutes to an hour. Doing that for a couple of hours will add up your profits quickly.
The bigger your first bet, the better your Roulette odds are. Don't give up because you lost 3 or 4 in a row, just keep doubling the amount you bet until you make that win.