Understanding Roulette Payouts
It may come as a surprise to some, but roulette bets offer varying payouts that are fixed and specific to the version of the game played. Although the differences in payout rates are not significant, having access to a roulette calculator that can handle the math can prove helpful. Below are some examples of payout rates for different types of bets.
- European Roulette offers a straight bet with a winning chance of 2.70%, resulting in odds of about 35:1.
- Additionally, a red/black bet pays 1:1 and has a relatively high winning chance of 48.60%.
In the upcoming lines, you can discover how roulette payouts are calculated and how you can leverage this knowledge to your advantage.
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How Are Roulette Payouts Calculated?
Understanding how roulette bet payouts work is actually quite simple. In roulette, the payout ratio is expressed as X:1. In this formula, "1" represents the player's original bet, while "X" represents the payout ratio for the specific type of bet. Here are a few examples to help illustrate how this formula works:
- To explain, when a player places a bet on a particular outcome and the payout ratio is 17:1, it means that if they bet 1 unit and win, they will receive 17 units in return. For instance, if a player places a R10 bet on a specific outcome with 17:1 payout, they will receive R170 if they win. This is because 10 multiplied by 17 equals 170. Additionally, they will also receive the initial R10 they wagered, bringing their total winnings to R180.
- A bet with 1:1 payout ratio means that for every unit wagered, the player gets one unit. For instance, if you bet R100, your potential win would be R100, so your total payout would be R200, which includes your initial wager.
In summary, the formula is straightforward. The number on the left indicates how many times your bet will be multiplied. For instance, if the payout ratio for your current wager is 8:1, you can simply multiply your stake by 8 to determine the potential payout.
Bet | Payout ratio |
---|---|
Straight up | 35:1 |
Split | 17:1 |
Street | 11:1 |
Corner | 8:1 |
5 numbers | 6:1 |
Six Line | 5:1 |
Column | 2:1 |
Dozen | 2:1 |
Even/Odd | 1:1 |
Red/Black | 1:1 |
High/Low | 1:1 |
Payout = Stake amount * Payout ratio + Stake amount
You should also be aware that the payout will be the total sum of all your winning bets. For instance, if you win both a 2:1 and 35:1 bet, the payout will be the combined total of both of these wagers.
Payouts = Payout1 + Payout2 + .. + Payoutn
Payout1 - payoutn are winnings of separate bets
- Your bet is 100 on red and 5 on corner (4,5,7,8)
- Your winning number is 5, so both of your bets won
- Your payout = 100*1+100 + 5*8+5 = 245
Roulette Calculator to Make It Simpler
Why bother with manual calculations when there are simpler solutions available? One such solution is our calculator, which makes the calculation process a breeze. Just enter your values and let the calculator do the rest with a single click.
FAQs
Straight bets on zero and double zero in roulette have a payout of 35:1, regardless of the version of the game. Therefore, if you wager 5 units on either of these numbers, your payout will be R175.
One way to calculate the potential payout is to multiply the value of the bet by the payout ratio. For example, a payout ratio of 5:1 means that you should multiply the bet amount by 5.
The payouts for straight bets are almost the same in both American and European roulette, calculated as 35:1. The only exception is the American basket bet which has a payout of 6:1.
The highest payouts are offered for bets that have the lowest probability of winning, such as straight bets (35:1), split bets (17:1), street bets (11:1), corner bets (8:1), and line bets (5:1).
Most casinos have a standard maximum bet, so although there is no theoretical limit on roulette payouts, in practice, you may be limited by the maximum bet at the casino.
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