Roulette is the easiest casino game to play. You can win a lot of money without having any idea as to what is going on.
Having said that, it’s still important to understand roulette payouts and how much money you can expect to win from your bets.
With all the numbers and casino chips combined with the hustle and bustle of players climbing over each other and shouting strange phrases at the dealer, it may look extremely complex.
After reading this guide you will see that is not the case.
There are different bets available to you as the player, and each bet has different pay outs. As you would expect, the bets that are most likely to win, pay out less than the long shots.
We break each bet down below, starting with the highest payouts but the least probability of winning.
Understand that there are 37 numbers on European Roulette and 38 numbers on the American version. We point this out early, as it will help explain the reasoning behind the payouts and the probability of your bet winning.
Roulette Bets & Payouts
A) Straight up – Pays 35/1.
A straight up bet is a bet on just one specific number. You will only win if the ball drops on the exact number you picked.
36 numbers will lose; 1 number will win.
True odds 36/1.
B) Split – Pays 17/1.
A split, true to its name splits your bet between 2 different numbers.
If the ball lands in either of the 2 numbers that your split covers, you are a winner.
35 numbers will lose; 2 numbers will win.
True odds 35/2 or 17.5/1
C) Street- Pays 11/1.
A street covers the 3 numbers across roulette layout. Any chip placed on the line touching the edge of the layout indicates that it covers the numbers across the layout.
34 numbers will lose; 3 numbers will win.
True Odds 34/3 or 11.33/1
D) Corner – Pays 8/1
A corner bet is placed on the corner of a number, effectively touching 4 different numbers. The 4 numbers that the chip touches are the 4 numbers that will make this bet a winner.
33 numbers will lose; 4 numbers will win.
True Odds 33/4 or 8.25/1
E) Line Bet – Pays 5/1
Similar to a street, this bet covers numbers across the roulette layout. As it touches 2 numbers and the line, the bet covers 6 numbers.
31 numbers will lose; 6 numbers will win.
True Odds 31/6 or 5.16/1
F) Columns and Dozens – Pays 2/1
There are 3 Columns that run through the Roulette layout. Each column includes 12 numbers.
Dozens, true to their name also includes 12 numbers. The first dozen (1-12), the second dozen (13-24), and the third dozen (25-36).
25 numbers will lose; 12 numbers will win.
True Odds 25/12 or 2.08/1
G) Even Chances – Pays 1/1 aka Even Money.
There are 3 different even chance bets available at the roulette table.
1. Red or Black
2. Odd or Even
3. Low (1-18) or High (19-36)
These bets are self-explanatory: if you bet on red you are betting on all the red numbers.
The same concept applies to the other even chance bets, you are betting on exactly what it says on the table.
Each even chance bet includes 18 winning numbers.
19 numbers will lose; 18 numbers will win.
True Odds 19/18 or 1.055/1
(American Roulette only) Basket Bet – Pays 6/1
This one is unusual, and most players have never heard of it and you’ll see why that’s probably for the best.
The basket bet covers 00, 0 , 1, 2 and 3 (5 numbers in total).
32 numbers will lose; 5 numbers will win.
True Odds 32/5 or 6.4/1.
The house edge on this bet is 7.9%, please never make this bet. If you want to bet on these particular numbers, placing 5 separate straight ups will be more profitable.
Roulette House Edge
The house edge in European Roulette is 2.7%, that number doubles to 5.4% when playing American Roulette with 00.
The casino does not pay true odds on any of the bets available.
The best way to counteract the house edge is to make sure the casino that you play with gives you free money to play with.
There are 100’s of online casinos offering very attractive welcome offers as well as continuous existing offers to play at their casino. Find out how you can make money from these bonuses here.
Interested in roulette strategies? We have an article looking into them here