The game of roulette offers players a wide selection of betting odds from which to choose. Some pay almost even money, while others offer as much as 35 to 1 on your bet. Which odds you decide to play is up to you, but it’s obvious that the closer to even odds you get, the better your chances of winning.
Each bet on the roulette table has a house edge. That edge on an American roulette table is 5.26% on every bet except one. If you bet on the First Five numbers, the house edge goes up to 7.89%, making the First Five bet the worst place to put your money on the table. The rest of the bets have an equal risk-versus-reward ratio, and how you play them is up to you.
There are six bets on the roulette table that will pay even money on your bet. Betting on Red, Black, Odd, Even, 1 to 18 and 19 to 36 will all pay you 1 to 1 on a bet, but they all have a 47.37% probability to win. That 2.63% amount shy of 50-50 is attributable to the two green spaces on the roulette wheel.
There are three bets on a roulette wheel that pay 2 to 1 on your bet. Betting on numbers 1 to 12, 13 to 24 and 25 to 36 pay out double your bet, and have a 31.58% probability to hit. Betting on a Sixline (six numbers) pays 5 to 1 with a 13.16% probability. The dreaded First Five bet pays out 6 to 1, and a four-number Corner bet is worth 8 to 1 on your money.
The longshot bets on the roulette table are the Street bet, Split bet and any one number. The Street bet is worth 11 to 1 and is a bet on three numbers, while a Split bet is on two numbers. The Split bet pays 17 to 1 but will only hit an average of 5.26% of the time.
The big payout on the roulette table is the ‘any single number’ bet that’s worth 35 to 1 on your money, but it only hits an average of 2.63% of the time.