Bovada check cashing. The most classic bet in roulette is the red or black bet. This means that you can bet on on of the colors, let's say red, and if the ball stops on any of the red numbers you win, and any other color will lose. The roulette odds is seemingly 50-50 for both of the outcomes, and the bet payout would be 1:1, you get double your money back. However, when you look closer at the roulette odds table, you see that while the payout is 1:1, the probability of winning the bet is only 48.6%, where did the other 1.4% go?
This is what is called the 'House Edge', the casinos fee for running the game, employing dealers and entertaining guests that aren't gambling at the moment, and it exists because of the green zero on the roulette wheel. You see, since we don't include the zero in the calculation of payouts, the will always be a small difference in the roulette odds and the roulette payouts. In the case of the red or black bet, the payout on either outcome is 1:1, but the different chances on the respective outcomes are 48.65% for landing on a red number, 48.65% for landing on a black number and 2.70% for landing on the green zero. Total rewards games. The roulette house edge is therefore 2.70%
- Roulette is a drain on your wallet simply because the game doesn't pay what the bets are worth. With 38 numbers (1 to 36, plus 0 and 00), the true odds of hitting a single number on a straight-up bet are 37 to 1, but the house pays only 35 to 1 if you win!
- Crazy gamble with entire life savings on one roulette spin! Get a job!- http://www.igamingrecruitment.com.
Casino Roulette Odds
French roulette is unique in that it includes a variation where you can get half your bet back. It's called the half-back rule. What this means is that if the player makes an even money bet (red, black, odd, even, 1-18, 19-36) and the ball lands on zero, the player gets half his bet back. This is called 'la partage' in French.
