The payout for a roulette bet can vary greatly depending on the type of bet placed. The payouts range from 1 to 1 for bets on large groups of numbers, up to 35 to 1 for bets on individual numbers.
Understanding Roulette Bets and Payouts
The game of roulette offers a variety of betting options, each with its own specific payout. These betting options can be broadly categorized into ‘inside bets’ and ‘outside bets’. Inside bets are placed on specific numbers or groups of numbers within the number grid on the roulette table, while outside bets are placed on larger groups of numbers or on characteristics such as color or odd/even.
Here is a simplified breakdown of the most common types of bets and their corresponding payouts in European roulette:
| Bet Type | Description | Payout |
|---|---|---|
| Straight up | Bet on a single number | 35 to 1 |
| Split | Bet on two adjoining numbers | 17 to 1 |
| Street | Bet on three numbers in a row | 11 to 1 |
| Corner | Bet on four numbers in a square | 8 to 1 |
| Line | Bet on six numbers in two adjoining rows | 5 to 1 |
| Column/Dozen | Bet on twelve numbers in a column or group | 2 to 1 |
| High/Low, Red/Black, Even/Odd | Bet on eighteen numbers | 1 to 1 |
Roulette Payouts and House Edge
The payout structure in roulette is closely tied to the house edge, or the advantage the casino has over the player. In European roulette, the house edge is approximately 2.7%. This is due to the inclusion of a single zero on the roulette wheel.
For American roulette, which includes both a single and double zero, the house edge is nearly double, at 5.26%. As such, the potential payouts on American roulette are the same as those in European roulette, but the chance of winning is slightly less.
Conclusion
Roulette’s allure lies in its simplicity and the variety of betting options available, each with different potential payouts. From even money payouts on outside bets to the 35 to 1 payout of a straight-up bet, players can choose the level of risk and reward that suits their gaming style. Understanding the payout structure can assist in developing strategies and making informed betting decisions during the game.