How Roulette Pays Out
Roulette Rules Vegas Casinos that pay out winnings faster. February 18, 2019 Uncategorized. Select slot machines with the highest payback percentages. On a deeper level, they have come to the mutual decision. He can make a winning debut at the expense of Brutal Lion, as a maximum number of 21 million are permitted to exist. Casino elv deposit. Graphic showing how many chips you need (of the same value) to make up complete bets of each number on a European Roulette table. So, for example, Completing the Zero costs 17 pieces and pays 235 pieces. Numbers 1 and 3 cost 27 pieces and pay 297 pieces. Number 2 is a 36 piece bet and pays 396 pieces; Number 27 – 30 pieces – pays out 294.
Roulette offers a bewildering number of betting options, but the bets are actually straightforward enough. In order to make sure you get the correct payout, you’ll want to make sure that you put your chips in exactly the right place on the table. Missing a payout because your chip isn’t in the right spot is a drag.
Roulette payouts are an important part of roulette strategy. They work like this. The odds are stated in the form of x to 1, which means you’ll win x dollars for every dollar you’ve bet. For example, the single number bet offers a payout of 35 to 1. If you win, you’ll get your dollar back plus the $35 for the win.
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Payouts on the Outside Bets
On the edge of the table are a series of bets which are “outside” the 38 numbers on the table. Each of these bets refers to a specific set of numbers or colors. If the ball lands on 0 or 00, you’ll lose on any of the outside bets.
The outside bets include:
Red or Black – This bet pays out even odds (1 to 1) if the ball lands on the color you chose.
Odd or Even – This bet pays out even odds (1 to 1) if the ball lands on odd or even, depending on which you chose.
Low or High – This bet pays out even money (1 to 1) if the ball lands on 1-18 if you bet low, or if the ball lands on 19-36 if you bet high.
Columns – The numbers on the layout are organized into three columns of twelve numbers each. A “columns” bet wins if the ball lands on one of the numbers in the column you chose. This bet pays out 2 to 1 when you win.
Dozens – There are 36 numbers on the table, so you can bet on the first dozen (1-12), the second dozen (13-24), or the third dozen (25-36). This bet also pays out 2 to 1.
Payouts on the Inside Bets
You can also bet on specific numbers and sets of numbers on the inside of the layout. These bets win less often, but they pay out more when you do win. The house edge on the inside bets is the same as the house edge on the outside bets.
The inside bets for roulette include:
Straight-up – This is a bet on a single number. It pays off at 35 to 1.
Split bet – This is a bet on any two adjacent numbers. You place the chip on the line between the two numbers in order to make this wager. This bet pays out at 17 to 1.
Street bet – This bet covers three numbers. You place your bet on the line outside of the three numbers in the row where you want to win. This bet pays out at 11 to 1.
Corner bet – Some people call this a square bet or a quarter bet. It’s a bet on a corner that makes a square, and it’s a bet on four numbers. A win on this type of bet pays out at 8 to 1.
Five-number bet – You can only make one five-number bet, and it’s the only inside bet that offers different odds from all the others. The problem is that it has a higher house edge, making it the worst bet on the table. This bet is on the numbers 0, 00, 1, 2, and 3, and you place the chip on the outside corner line between the 1 and the 0. This bet pays out 6 to 1, but only masochists place this bet.
Six-number bet – Some people call this a line bet. It covers two adjoining rows of numbers. It pays out at 5 to 1.
How Roulette Payouts Give the Casino an Edge
These payouts all have one thing in common—they pay out less than the true odds of hitting a win. That’s why the casino enjoys a house edge of 5.26% on roulette. Your odds of winning are always less than the payout amounts.
For example, the odds of winning a straight-up bet are 37 to 1. There are 37 numbers on the wheel that lose, and 1 bet on the wheel that will win. But the bet only pays out 35 to 1, not 37 to 1, so the house wins more often than it loses.
A split bet offers you odds of winning of 18 to 1, but it pays off at 17 to 1.
I could list all of them, but you get the idea by now. The casino has an unassailable mathematical advantage on every bet. No betting system or strategy can overcome this advantage.
Of course, in the short run, anything can (and often will) happen. This is called “standard deviation”, and it explains why some people walk away from the roulette table as winners. The mathematically true results only come around the closer you get to an infinite number of spins.
So the best way to approach roulette is as a lark. It’s a fun game. You can relax and socialize while you play. But don’t expect to win, because the odds are against you. And if you do win, walk away and smile, because you beat the odds.
You and your staff can practice and quantify your knowledge of Roulette Payoffs. Developed for me by Dale S. Yeazel, Casino Games Teacher, youll find the practice tests easy to navigate.
In my Game Protection Classes I describe Roulette payoffs as one of my two choices where $100.00 a day could easily be stolen. There is no other table game where 5 different sets of odds could be attached to one number. Each set of odds has to be calculated mentally and then added to create the total payoff. In many cases, the total payoff then has to be divided into a combination of Roulette Cheques and Value Chips. Easy for dealers to make mistakes. To help you learn, here are the correct payoffs for a standard American style roulette wheel.
ROUELTTE KEYS: These payoff keys will be helpful when learning to calculate payoffs.
Straight Up 35 to 1 If there is an Even Number of cheques on a number, the Key is; Divide the Even Number by 2 Multiply that number X7 Add a 0
Example: 12 Cheques Straight Up 12 ./. 2 =6 6 X 7 = 42 Add 0 = 420
If there is an Odd Number of cheques on a number, the Key is (remove the ODD Cheque); Divide the Even Number by 2 Multiply that number X 7 Add a 0
Example: 17 Cheques Straight Up 16 ./. 2 = 8 8 X 7 = 56 Add 0 = 560 + Odd cheque 560 + 35 = 595
Splits 17 to 1 If there is an Even Number of cheques on a Split bet, the Key is; Pay the Bet like a Blackjack 3 to 2 Add a 0 Then Add Double the Number of cheques on the Split Bet
Roulette Payout Sheet
Example: 12 Cheques Split Bet 12 pays 18 add 0 = 180 + 12 x 2 = 24 24 + 180 = 204
Splits 17 to 1 If there is an Odd Number of cheques on a Split bet, the Key is; (remove the ODD Cheque) Pay the Bet like a Blackjack 3 to 2 Add a 0 Then Add Double the Number of cheques on the Split Bet Add 17 for the Odd Cheque
Example: 15 Cheques Split Bet 14 pays 21 add 0 = 210 + 14 x 2 = 28 28 + 210 = 238 + 17 = 255
Street Bet 11 to 1 If there are 10 cheques or less on a Street Bet, simply multiply by 11. For any Number of cheques greater than 10 on a Street bet, the Key is; Add the two digits together and insert the answer between them. Example: 12 Cheques Street Bet 1 + 2 =3 (insert 3 between 1 2) = 132
Example: 25 Cheques Street Bet 2 + 5 =7 (insert 7 between 2 5) = 275
To Start: Click on One of the following drop downs;
HINT: For surveillance personnel, dont be afraid to use a calculator at first to learn the payoffs. Next try to Dope It Out. To Start: Click on One of the following drop downs
- The Works
- Corners Splits Straight Up
- Splits Straight Up
- Corners Splits
- Line Streets
NEXT: Click on New Bet (The winning number is always 17)
Calculate the Total Payoff
Click of the center White Box & enter your answer
Click on Answer
If your calculation is not correct, youll see a WRONG! message and the Correct Payoff. To continue, Click New Bet.
Enjoy & Learn