Roulette Red Or Black

Red or Black – This bet pays out even odds (1 to 1) if the ball lands on the color you chose. Odd or Even – This bet pays out even odds (1 to 1) if the ball lands on odd or even, depending on which you chose. The net winnings on a roulette wager can be thought of as a discrete random variable. If we bet $1 on red and red occurs, then we win our dollar back and another dollar. This results in net winnings of 1. If we bet $1 on red and green or black occurs, then we lose the dollar that we bet. This results in net winnings of -1. Backing red and black is a common wager on one of the most popular games in every casino, roulette.At odds of nearly 50/50 (more of that in a moment), it’s a simple bet to make and understand, and it’s easy to keep track of wins and losses. Red or Black: Three Lessons from Roulette That Also Apply to Starting Your Own Business No opportunity comes without its inherent risks. Wherever the possibility of success lies, you also find its twin: the danger of failing.

On the surface, roulette is a simple game, thus half its appeal to a wide range of gamblers. The concept is straight forward; place a bet on a number, spin the wheel and hope that the ball lands on that number, bringing you in a sweet cash win. But roulette strategy goes beyond just picking your lucky number, and with a collection of Side Bets on offer there is a lot more depth to this classic casino game than meets the eye.

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The numbers on a roulette wheel are divided into one of three colours, with 18 numbers on red, 18 numbers on black, and zeros on green. One popular roulette side bet is to place a wager on the ball landing on either red or black. Betting on red or black means the roulette ball must land on a number of that colour to constitute a win, with bets that offer an even payout of 1 x 1, giving players the chance to double their money for a spin with close to a 50/50 chance of winning.

Betting on red or black doesn’t quite offer a 50% winning chance, as the ball landing on a zero on a red or black bet is an instant loss. European Roulette only has one zero, whereas American Roulette has double zero, therefore making European Roulette a much preferable version if placing a red or black bet. Although the double zero only adds one number to the mix, it has quite a big impact on the odds:

• Red or Black Bet in European Roulette = 48.65% chance of winning, with a house edge of 2.70%
• Red or Black Bet in American Roulette = 47.37% chance of winning, with a house edge of 5.26%

Placing a side bet on red or black is a good way of maintaining your bankroll and adds an additional element of excitement to the game. While ultimately betting on red or black is a pure game of luck, there are some popular strategies out there.

The Martingale betting system

The Martingale System refers to a collection of betting strategies that originated in France in the 18th Century. In terms of roulette the Martingale System is very easy to follow, therefore any players can utilise this strategy.

In a nutshell, the Martingale System suggest that you place a standard bet, for example $5 on red in roulette. If the spin lands on red, resulting in a win, you then make the same wager on the next spin. However, if you lose, you double your wager on the next spin. The aim of this strategy is that after a series of losing spins, the net win will be $5 and that every winning bet will bring you up another $5 regardless of previous losses. The results is increased chances of winning in the short term, but the wins will be small and when you do lose, the losses will be greater.

In a perfect world, the Martingale System would be ideal, but in order for it to work you’d need an unlimited bankroll and a roulette table with no betting limits, which unfortunately is not reality. If trying this system, increase your odds by playing European Roulette over American and be prepared with a decent sized bankroll and try not to play for any more than a couple of hours.

Where can international readers play online roulette

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Each of these trusted sites offer a fantastic range of roulette games, from the classic to the obscure. Check out some of the roulette variations and take advantage of the welcome bonuses and try your luck at a red or black side bet:

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Our recommended casinos are all 100% legal and above board, with secure deposits and withdrawals available in your local currency. Players can try roulette at any of these sites for free in practice mode or for real money bets, placing side bets on red or black, with the chance to bring in some sweet cash rewards.

Roulette offers a bewildering number of betting options, but the bets are actually straightforward enough. In order to make sure you get the correct payout, you’ll want to make sure that you put your chips in exactly the right place on the table. Missing a payout because your chip isn’t in the right spot is a drag.

Roulette payouts are an important part of roulette strategy. They work like this. The odds are stated in the form of x to 1, which means you’ll win x dollars for every dollar you’ve bet. For example, the single number bet offers a payout of 35 to 1. If you win, you’ll get your dollar back plus the $35 for the win.

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Payouts on the Outside Bets

On the edge of the table are a series of bets which are “outside” the 38 numbers on the table. Each of these bets refers to a specific set of numbers or colors. If the ball lands on 0 or 00, you’ll lose on any of the outside bets.

Odds Of Roulette Red Or Black

The outside bets include:

Red or Black – This bet pays out even odds (1 to 1) if the ball lands on the color you chose.

Odd or Even – This bet pays out even odds (1 to 1) if the ball lands on odd or even, depending on which you chose.

Low or High – This bet pays out even money (1 to 1) if the ball lands on 1-18 if you bet low, or if the ball lands on 19-36 if you bet high.

Columns – The numbers on the layout are organized into three columns of twelve numbers each. A “columns” bet wins if the ball lands on one of the numbers in the column you chose. This bet pays out 2 to 1 when you win.

Dozens – There are 36 numbers on the table, so you can bet on the first dozen (1-12), the second dozen (13-24), or the third dozen (25-36). This bet also pays out 2 to 1.

Payouts on the Inside Bets

Roulette Red Or Black Odds

You can also bet on specific numbers and sets of numbers on the inside of the layout. These bets win less often, but they pay out more when you do win. The house edge on the inside bets is the same as the house edge on the outside bets.

The inside bets for roulette include:

Straight-up – This is a bet on a single number. It pays off at 35 to 1.

Split bet – This is a bet on any two adjacent numbers. You place the chip on the line between the two numbers in order to make this wager. This bet pays out at 17 to 1.

Roulette Red Or Black

Street bet – This bet covers three numbers. You place your bet on the line outside of the three numbers in the row where you want to win. This bet pays out at 11 to 1.

Corner bet – Some people call this a square bet or a quarter bet. It’s a bet on a corner that makes a square, and it’s a bet on four numbers. A win on this type of bet pays out at 8 to 1.

Five-number bet – You can only make one five-number bet, and it’s the only inside bet that offers different odds from all the others. The problem is that it has a higher house edge, making it the worst bet on the table. This bet is on the numbers 0, 00, 1, 2, and 3, and you place the chip on the outside corner line between the 1 and the 0. This bet pays out 6 to 1, but only masochists place this bet.

Six-number bet – Some people call this a line bet. It covers two adjoining rows of numbers. It pays out at 5 to 1.

How Roulette Payouts Give the Casino an Edge

Roulette Red Or Black Generator

These payouts all have one thing in common—they pay out less than the true odds of hitting a win. That’s why the casino enjoys a house edge of 5.26% on roulette. Your odds of winning are always less than the payout amounts.

For example, the odds of winning a straight-up bet are 37 to 1. There are 37 numbers on the wheel that lose, and 1 bet on the wheel that will win. But the bet only pays out 35 to 1, not 37 to 1, so the house wins more often than it loses.

A split bet offers you odds of winning of 18 to 1, but it pays off at 17 to 1.

I could list all of them, but you get the idea by now. The casino has an unassailable mathematical advantage on every bet. No betting system or strategy can overcome this advantage.

Of course, in the short run, anything can (and often will) happen. This is called “standard deviation”, and it explains why some people walk away from the roulette table as winners. The mathematically true results only come around the closer you get to an infinite number of spins.

So the best way to approach roulette is as a lark. It’s a fun game. You can relax and socialize while you play. But don’t expect to win, because the odds are against you. And if you do win, walk away and smile, because you beat the odds.