Roulette is an exciting and fun game of chance. It is also something millions worldwide love to play, either online or in casinos. Understanding the rules, potential payouts (what you could win), and odds of winning can be difficult for beginners.
For those wanting to play real money roulette online for the first time, we’ve put together this helpful guide so the odds and chances of a payout make a bit more sense.
Understanding Roulette Payouts
One of the first things to consider when playing roulette is that payouts are fixed. It means that you can expect to receive your payout every time you win, no matter what type of bet you make or where on the table it’s placed.
Now, while this might seem an obvious statement, a few other factors influence how much money you could win when placing a wager on the roulette wheel. For example, bets have different payouts (some are better than others), and some numbers and colors will payout more than others.
How Roulette Odds Work?
In most cases, the house edge, also known as the ‘house advantage’ in roulette, is 5.26%. It means that for every $100 played on the game, the casino (online or physical) will make a profit of $5.26. it doesn’t mean that every single spin will lose you money; there are specific bets with significantly better odds than this average figure.
The expected value of a single-zero roulette game is -0.547 units. If you were to bet on each number (or group of numbers) at an average stake of 1 unit per spin with no house advantage, then it would take 483 spins before your balance reaches zero (or negative).
On the other hand, the expected value of a double-zero roulette game is -0.520 units. If you were to bet on each number (or group of numbers) at an average stake of 1 unit per spin with no house advantage, then it would take 807 spins before your balance reaches zero (or negative).
However, don’t let the house edge deter you. With the right combination of knowledge, skills, experience, and strategy, you can take home some serious winnings when playing roulette in an Aussie online casino.
Before you start playing, it’s always helpful to know a little more about the rules, different types of bets you can place, and payout odds for roulette.
European Roulette Odds & Payouts
European roulette is the most popular variation in most land-based casinos worldwide. The house edge on European roulette is 5.26%, which is standard worldwide, as many countries adopted the model established initially in Europe, including Australia.
Many people claim specific numbers are “lucky” depending on where you live or where you’re playing—for example, France tends to have a lot of superstitious people who believe that the number 17 will bring them bad luck. Or, in China, the number 8 is lucky.
However, every slot machine and roulette table has exactly equal probabilities when it comes down to whether or not someone will win on a particular number or another. It all comes down to possibilities, the odds, the house edge, and the amount someone bets.
Different Types of Bets and Payout Odds
Now let’s take a look at the different types of bets and the potential payout odds those bets produce. We’ve put this information into a handy quick-reference table.
| Type of Bet | Number of winning spaces | Potential payout odds |
| Straight up (straight odds) | One number/one collar only | 35:1 |
| Split bet | Two numbers (must be connected, side-by-side) | 17:1 |
| A “Street” bet | Three vertically connected numbers | 11:1 |
| A Trio | Three numbers starting with 0 or 00 | 11:1 |
| Corner or Square bet | Four connected numbers that form a square | 8:1 |
| Basket or a 5 number bet | Five numbers starting with 0 or 00 | 6:1 |
| A Line, also known as a Double Street | Six vertically connected numbers | 5:1 |
| A Column | A line of 12 numbers | 2:1 |
| Dozen | Making a grid of 12 numbers starting with the 1st, 2nd or 3rd number as the starting point | 2:1 |
| A Low bet | A grid of any numbers from 1 to 18 | 1:1 |
| A High bet | A grid of any numbers from 19 to 36 | 1:1 |
| Even or Odd | Betting on all of the even or odd numbers | 1:1 |
| Red or Black | Betting on all of the red or black numbers | 1:1 |
How Much Could I Win Playing Roulette?
Roulette Payouts are fixed and are dependent on the bet that is placed. You’ve always got to factor in the house odds or advantage and know that a small percentage of the total amount you bet during any game will go to the casino.
With roulette, the more you bet, the higher the payout. The less you bet, the lower the payout.
Payouts are based on the probability of winning and not the odds. Naturally, it also depends on the potential payout odds influenced by the type of bets you place, such as those outlined in the table above.
One of the best ways to keep the game going is to make “inside” bets, such as:
- straight-up bets,
- splits,
- street bets,
- trios, corners,
- lines,
- a five-number bet.
With inside bets, you can make smaller bets, but there’s a better chance of a much larger payout.
Conclusion
We hope this article clarifies roulette’s rules and payout odds so that you have fun playing and win big! Roulette rules and odds can always vary, depending on the casino and house edge. So, make sure you read the directions before starting to play. It’s always worth playing some test games before using real money in roulette online.
