Learn about the different types of bets in roulette and understand the odds associated with each. From straight bets to outside bets, this article explains it all. Discover how to make informed decisions and increase your chances of winning in this popular casino game.
If you’re new to roulette, understanding the different bet types and their corresponding odds is crucial. This guide aims to explain the various roulette bet types and the odds associated with each. Whether you prefer placing inside bets such as straight, split, or street bets, or outside bets like red/black, odd/even, or dozen bets, knowing the odds can help you make informed decisions. Each bet type offers different odds, which determine your chances of winning. For instance, a straight bet on a single number has higher odds, but a lower probability of winning compared to an outside bet. By understanding the bet types and their corresponding odds, you can develop a strategic approach to your roulette gameplay.
| Roulette bet types & odds explained: |
| Inside bets have higher payouts but lower odds. |
| Outside bets offer better odds of winning but lower payouts. |
| Straight bet: betting on a single number with the highest payout. |
| Split bet: betting on two adjacent numbers with a moderate payout. |
- Corner bet: betting on four numbers in a square pattern with a decent payout.
- Street bet: betting on three consecutive numbers in a row with a fair payout.
- Line bet: betting on six numbers in two adjacent rows with a reasonable payout.
- Dozen bet: betting on a group of twelve numbers with a 2:1 payout.
- Column bet: betting on one of the three vertical columns with a 2:1 payout.
Contents
- What are the different types of bets in roulette?
- How does a straight bet work in roulette?
- What is a split bet in roulette?
- How does a street bet work in roulette?
- What is a corner bet in roulette?
- What are outside bets in roulette?
- What are the odds of winning an outside bet in roulette?
- How do I calculate the payout for a roulette bet?
What are the different types of bets in roulette?
Roulette offers various types of bets that players can place. The most common types include straight bets, split bets, street bets, corner bets, and outside bets such as red/black, odd/even, and high/low. Each bet has its own odds and payout potential.
| Straight Bet | Split Bet | Street Bet |
| You bet on a single number. | You bet on two adjacent numbers. | You bet on three numbers in a row. |
| Payout: 35 to 1 | Payout: 17 to 1 | Payout: 11 to 1 |
How does a straight bet work in roulette?
A straight bet in roulette is when a player places their chips on a single number. If the ball lands on that specific number, the player wins. The odds for a straight bet are typically 35 to 1, meaning if you bet $1 and win, you will receive $35 in winnings.
– Place your bet: To make a straight bet in roulette, you need to place your chips directly on a single number on the roulette table. Each number on the table has its own spot where you can place your bet.
– Winning odds: The straight bet offers the highest payout in roulette, with a 35 to 1 payout ratio. This means that if you win, you will receive 35 times your original bet in addition to getting your original bet back.
– Chances of winning: Since you are betting on a single number, the chances of winning a straight bet are relatively low. In European roulette, which has 37 numbers (1 to 36 and a single 0), your odds of winning a straight bet are 1 in 37. In American roulette, which has 38 numbers (1 to 36, a single 0, and a double 00), your odds are 1 in 38.
What is a split bet in roulette?
A split bet involves placing your chips on the line between two adjacent numbers on the roulette table. If either of the two numbers comes up, you win. The odds for a split bet are 17 to 1.
- A split bet is a type of bet in roulette where a player places their chips on the line between two adjacent numbers on the roulette table.
- With a split bet, the player is essentially betting that either of the two numbers will be the winning number.
- The payout for a winning split bet is typically 17:1, meaning that if one of the two numbers is the winning number, the player will receive 17 times their original bet.
- In order to place a split bet, the player must place their chips on the line between the two numbers they want to bet on.
- A split bet can be placed horizontally or vertically, depending on the orientation of the two numbers on the roulette table.
How does a street bet work in roulette?
In roulette, a street bet is when you place your chips at the end of a row of three numbers. If any of those three numbers hit, you win. The odds for a street bet are 11 to 1.
| What is a Street Bet? | Payout | Example |
| A street bet is a bet placed on three consecutive numbers in a row on the roulette table. | Pays 11 to 1 | A street bet on numbers 1, 2, and 3 would win if the ball lands on any of these three numbers. |
| The bet is placed by placing chips on the outer edge of the row. | If the ball lands on any of the three chosen numbers, the player receives a payout of 11 times their original bet. | If the ball lands on 2, the street bet would win and pay out 11 times the original bet amount. |
| The odds of winning a street bet are 1 in 12. | If the ball lands on any other number, the street bet loses. | If the ball lands on 7, the street bet would lose. |
What is a corner bet in roulette?
A corner bet is when you place your chips at the intersection of four numbers on the roulette table. If any of those four numbers come up, you win. The odds for a corner bet are 8 to 1.
A corner bet in roulette is a wager placed on the intersection of four numbers, offering a higher payout if any of the numbers hit.
What are outside bets in roulette?
Outside bets in roulette are bets placed on the outer sections of the roulette table. These include bets on red or black, odd or even numbers, and high or low numbers. The odds for outside bets are generally lower than inside bets, but they offer higher chances of winning.
Outside bets in roulette are bets placed on the perimeter of the roulette table, such as red/black, odd/even, or high/low.
What are the odds of winning an outside bet in roulette?
The odds of winning an outside bet in roulette depend on the specific type of bet. For example, the odds of winning a red or black bet are 1 to 1, meaning you have a 50% chance of winning. The odds for odd or even and high or low bets are also 1 to 1.
1. Understanding Outside Bets in Roulette
Outside bets are one of the two main types of bets in roulette, the other being inside bets. Outside bets offer higher odds of winning compared to inside bets but also have lower payouts. They involve betting on larger groups of numbers or characteristics such as odd/even, red/black, or high/low numbers.
2. Odds of Winning an Outside Bet
The odds of winning an outside bet in roulette depend on the specific type of bet placed. Here are the odds for some common outside bets:
– Betting on red/black or odd/even: The odds of winning are approximately 47.37% (18 red/black numbers, 18 odd/even numbers, and 1 green 0 or 00).
– Betting on high/low numbers (1-18 or 19-36): The odds of winning are also approximately 47.37%.
– Betting on columns or dozens: The odds of winning are approximately 31.58% (12 numbers in a column or dozen).
It’s important to note that these odds are based on European or French roulette, which have a single green 0. American roulette, which has an additional green 00, slightly lowers the odds of winning outside bets.
3. Importance of Understanding Odds
Understanding the odds of winning an outside bet in roulette is crucial for making informed betting decisions. While outside bets offer higher chances of winning, they also have lower payouts. By understanding the odds, players can manage their bankroll better and choose the types of bets that align with their risk tolerance and desired payout potential.
How do I calculate the payout for a roulette bet?
To calculate the payout for a roulette bet, you can use the formula: (36 / number of winning outcomes) – 1. For example, if you place a straight bet on a single number, there is one winning outcome out of 36 possibilities, so the payout would be (36 / 1) – 1 = 35 to 1.
