Posts Tagged ‘roulette table’
The most famous bet in roulette is the even money wager – the bet with a near 50:50 chance of winning, and the infamous provider of mega money wins for professional Vegas gamblers. However, what's the reality the even money bet – is it a winner or simply an illusion that sucks roulette players in for the kill? Check out some thoughts on the magic red and black……….
Even money – high chance, low reward?
Even money betting on the roulette table means that everyone has a relatively high chance to win every time they spin the reel.
In fact, betting on red/black or odds/evens is a close to 50:50 as you can get in most online casino games – with a small online casino edge created by the pesky green segment! In effect, it's as close to tossing a coin as you can get – and everyone knows you can guess correctly on a regular basis.
The trade off for the strike rate of even money roulette betting is the 1:1 payout – meaning you need a high strike rate to win in the long-run. However, many hardcore roulette players in places like Vegas, have used even money bets to strike huge sums of cash, such as the UK gamer who wagered his re-mortgaged house on a lucky red – and won! Naturally, casual web gamers won't want to try it!
- Odd, Even, Red, Black, 1-18, 19-36: 1:1
- 1 to 12, 13-24, 25-36: 2 to 1
- 6 numbers: 5 to 1
- 0, 00, 1, 2, 3 combos: 6 to 1
- 4 number combs: 8 to 1
- 3 number combos: 11 to 1
- 2 number combos: 17 to 1
- 1 number: 35 to 1
Even money roulette – a better chance of winning?
When looking at roulette logically – it important to realise that 'theoretically', every bet on the table has the same long-term returns, and the same edge to the online casino. So – funny as it may sound, betting on number 1 has the same prospects as even money red!
However, the high strike:low reward of the even money wager is contrasted with the relatively low strike:high rewards of single numbers. Now things start to get interesting, because there could be a good reason why even money bets should form the basis of your roulette bets……
If you were to run 5000 roulette spins through a computer programme, then you may well end-up with a similar level of profit/loss, from both even red and a single such as 1.
However, the chances are that the pattern of winning of the single numbers won't be very predictable, with random hot sessions and hundreds of spins with no win. In contrast while an even money roulette wager may go through hot and cold spin cycles – it would be very, very unlikely to hit a run of 10 spins with out both red and black winning.
In essence, most gamers will be able to predict or guess a lucky even money win – than relying on a single number to win during a relatively low number of spins.
There's nothing wrong with using all the bets on the roulette table – but despite the low rewards of even money betting – there strike rate means they make an excellent foundation for success.
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