Roulette, a captivating game of chance, has since long offered many betting and payout options. And to be a good Roulette player, it is an essential skill to understand how to calculate payouts. Even if you need to use a roulette payout calculator.
Calculating roulette payouts handles basic arithmetic multiplication. Every roulette bet has an odd, and this odd determines what you multiply your wager by to get the payout.
In this casino news, we’ll discuss the roulette payout calculator and other roulette tips that make it easier for players to make informed and realistic bets while enjoying the game.
Roulette Payout Calculator To Understand Odds and Bets
Using a roulette payout calculator for calculating payouts on your roulette casino games requires understanding roulette odds and bets first. Roulette odds are the mathematical chances of different outcomes. In other words, the odds let you know how much a particular bet can win.
For example, the payout odds of hitting a single number bet is 1 in 38 for American Roulette and 1 in 37 for European Roulette. Every bet in roulette has an odd, and these odds are used in the roulette payout calculator to determine your winnings.
Payout Odds
Below are the payout odds for the two types of roulette bets:
Inside Bets
Straight-Up Bet
Wagering on a single number (35 to 1)
Split Bet
Betting on two adjacent numbers (17 to 1)
Street Bet
Betting on three numbers (11 to 1) in a row
Corner Bet
Betting on four numbers (8 to 1) that meet at a corner
Six-Line Bet
Betting on two defined adjacent rows of three numbers (5 to 1)
Outside Bets
Red/Black
Betting on either a red or black number (1 to 1)
Odd/Even
Betting on an odd or even number (1 to 1)
High/Low
Betting on a high (19-36) or low (1-18) number (1 to 1)
Dozens
Betting on the first (1-12), second (13-24), or third (25-36) dozen numbers (2 to 1)
Columns
Betting on one of the three vertical columns (2 to 1)
House Edge
House edge is the pre-defined mathematical advantage the casino has over players. The house edge in the European and American variants are 2.70% and 5.26%, respectively. The high house edge in the American variant is due to the double zero in the American Roulette wheel.
House edge affects payout odds, but how? The higher the house edge gets, the lower the payout odds become. Choosing the right bets and variants is essential since a high house edge means a lower payout. Hence, the European variant is advisable because of its low house edge.
If you’re playing Zoom Roulette online or at a land-based casino, understanding this concept influences your roulette payout calculator skills and payout greatly.
Understanding a Roulette Payout Calculator
With an understanding of the odds, it is easier to calculate payouts using the roulette payout calculator. The payouts in roulette are directly linked to the odds of winning each bet. For example, there are 37 ways to lose a single number bet and one way to win the bet in a European Roulette wheel. That means the odds of winning are 37 to 1. The winning odds are different from the payout odds.
The formula a roulette payout calculator uses in calculating the payout is straightforward: Bet Amount X (Odds + 1)
For example, if you place a $5 wager on a dozen bets (2:1 odds), the payout would be:
Payout=$5 X (2+1) = $15
At the end of the game, the dealer pays you a total of $30, which includes the original bet of $5.
Calculating Payouts Using a Payout Calculator
The calculation above is the manual way of calculating payouts. However, an online Roulette payout calculator is your best bet if you prefer a more convenient way. It allows you to input your bet amount and type of bet and calculate your payout immediately. Here’s how to use an online calculator:
- Open your browser and search for “roulette payout calculator”, or visit a reputable online casino website with this tool.
- Find the calculator on the website.
- Type your bet amount in the amount field, choose the bet type, and click the “calculate” or “check payout” button.
- The calculator will display your calculated payout immediately.
Tips for Improving Your Roulette Odds
- Choose the Right Roulette Game
- Place Outside Bets
- Employ advanced strategies like Martingale, Labouchere, Roulette 12 strategy, and En Prison systems to take your playing to the next level.
- Read multiple online casino reviews to use other players’ experiences in your favour. Learn and win easily.
Final Thoughts
Calculating roulette payouts is easy either by yourself or with a roulette payout calculator. But, it is advisable to learn it as an essential skill to improve your roulette experience. Understand the odds, payout formulas, bets, etc., and enjoy the game with an appreciation of its mystery.
Learn to play roulette or other games like the exciting Mississippi Stud Poker, by following our casino guides. You’ll never want to quit learning, playing, and winning!
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