People who are new to roulette might feel overwhelmed because of all the different ways to bet on the game. While the premise is simple – try to correctly predict where the pill will rest when the wheel stops spinning – there are many ways to do so.
You can try to guess the exact slot if you want, or you can take a more conservative approach and give yourself a 50/50 chance of winning. Each bet has its own payout, so your potential return depends wholly on the risk you are taking.
Probability Figures Into Roulette Payouts
While you can use a roulette payout sheet to ensure you know what you stand to win from any bet in the game, there’s a simple rule of thumb for all roulette bet types. That is the more probable the outcome is, the lower the payout value if the associated bet hits.
For example, most casinos will simply return your stake to you if you bet black or red. You have a 50/50 chance to win that bet, so you shouldn’t expect much if any profit for playing it so safely.
On the other hand, a straight bet will carry a much more lucrative payout because there is only one way you can win that wager. Another important thing to understand in roulette payouts is the house edge.
The House Edge Determines Payouts
Whether you play online roulette, take a seat at a physical casino, or enjoy a live dealer roulette game at BetMGM, they all have one thing in common. In each setting, the casino has its interest in the game.
In roulette, the payouts of most wagers are different than the actual true roulette wheel odds because of this house edge. For example, in European Roulette, your true odds of hitting on a straight bet are 37 to 1.
However, most casinos will only pay 35 to 1 on such wagers, with that difference representing the house edge. If you win, though, regardless of what bet you placed, you’ll receive the chips or credit according to the casino’s stated odds for your wager.
If you’re looking for the best roulette payouts and the greatest number of roulette variants to enjoy, BetMGM is the safest bet. Register for BetMGM and you can use your casino welcome bonus to learn more about how the game works.
