Roulette House Edge and Odds
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- on Sep 12, 2023
Casino entertains people a lot. Casino players love to spend their precious time and money there. Why it is so? Firstly, it is fun and thrilling to try luck and skills and, secondly, the idea of hitting the jackpot or at least winning big is kind of attractive.
Roulette game overview
One of the most popular casino games is roulette, It is a 100% game of chance and there are no complicated roulette rules or strategies to play roulette. This game has become a symbol of gambling in general. It originated in France and the word “roulette” means a “little wheel”.
Roulette has two versions with slight but meaningful differences between them: European and American roulette.
The European roulette wheel has 36 number slots and only one zero which increases the odds of winning to 1:37 and makes the roulette house edge lower than in the American roulette wheel. American version of the game has a bit different table layout and two zeros: “single zero” and “double zero”. This feature increases the house edge and makes the game even more challenging as it is harder to win due to the increasing odds.
What is roulette house edge?
So what is a house edge of the casino? Why it is important to pay attention to it? So many questions appear due to the lack of knowledge. Let’s consider the house edge properly.
House edge is the average benefit of the casino from a player’s bet. The longer a player gambles the closer the losses come to the house edge. That means that the casino always wins in the so-called “long run”.
House Edge is different for different casino games. The more sophisticated and intellectual game is the lower casino house edge. Slots, keno, and any kind of lotteries have the highest house edge as they are pure games of chance. The winnings there are the highest alongside the possibility to lose very quickly.
Roulette house edge differs due to the version of the game: European roulette has 2,7% and American version- 5,26%. What does it mean? Let’s take for example, that you place a 1$ bet for all numbers on the roulette table, the payout is 1:35, although the odds are 1:37. So if you win, you will get 35$ to your original but instead of 37$.
How to decrease the house edge in your gambling?
Try to avoid playing random games like slots or keno, as the house edge there is very high;
Games of skill such as blackjack, poker, or baccarat have the lowest house edge;
It is more likely to win in games with a low house edge;
Place a small number of bets;
Learn strategies and rules of the game and that will give you the opportunity to place the right bets.