Roulette is fairly a game of chance. But the familiarization of different odds and betting scenarios may be highly supportive as it may improve your chances of winning. This is highly essential as you are placing real money wager. Luckily, every possible bet in Roulette sticks to a certain set of odds that applies across multiple options. Roulette is most popular among the live casino games

Roulette is a game where each bet has a specific mathematical probability of winning. Indeed, those odds are affected by the type of Roulette you are playing and the extra rules that apply to it. Despite the odds, you can still bank on some simple strategies to extend your bankroll and enjoy the excitement of the spin.

## Roulette bets payout

Roulette offers a bewildering number of betting options but the bets are actually simple enough. To make sure you get the correct payout, you will want to make sure that you put your chips in exactly the right place on the table. In the game of Roulette, there are two main groups of bets that include the outside bets and inside bets. The names are originated from the bet positions on the layout of the table. Outside bets have better chances of winning but very thin payouts. Inside bets, on the contrary, have less probability of winning but considerably bigger payouts.

## Odds and payouts for outside bets

People who like to play it safe prefer the outside bets because they have much better odds of winning. The most popular of them are known as even money bets as they cover pretty much half of the possible outcomes with the exception of the number zero. All the even bets in Roulette are red or black, even or odd, 1-18 or 19-36. All of those bets have a chance of winning close to 50%. Due to the high probability of those bets, the payouts for them is 1:1. The other outside bets are Column and Dozen, both of them cover 12 numbers on the table. You can bet on the first, second, or third dozens of numbers(1-12, 13-24, 25-36) or the first, second, or third column.

## Odds and payouts for inside bets

Inside bets include betting on a single number or a small group of them. There are various ways to group your numbers but they are all related to the number’s position on the table. Inside bets have considerably lower winning odds than outside ones, but the payouts are excellent.

Straight is betting on one specific number and is also known as single number bet. Normally, this bet has the lowest winning probability and the highest payout.

Split means betting on two numbers out of the 37 available but with one condition, the numbers you choose must be neighbours on the table.

Street is a three number bet where the players bet on a row of numbers. For instance, 4,5, and 6, or 19, 20, and 21.

Corner means betting on four numbers that form a square on the table like 1,2,4, and 5, for instance.

Double street is just what the name implies – you bet on two rows of numbers, a total of 6 numbers.

Basket or a five number bet is available only in American Roulette and allows players to bet on the zero, double zero, 1, 2, and 3.

## Stick with the basics

Strategy is crucial if you want to improve your odds of winning. You can make many different bets as long as you stay within the table’s maximum limits. Consequently, few players make just one bet at a time. The more bets you make, the more complicated it is to follow all the action. You can stick to the table minimum and play only the outside bets. Place two bets of equal amounts on two outside bets – one bet on the even-money play and other on a column or dozen. Most importantly, if you are able to find a single-zero European wheel, you greatly improve your odds. The house edge is half that of Roulette with the American wheel.

## How important are Roulette odds?

The Roulette odds simply tell you how often you can expect to win if the accuracy of your bet selection is no better than random. If you apply advantage play methods that use physics to predict the winning number, then the odds change, although generally, the player edge becomes the focus. You could bet on every number and you would win every time, so your odds of selecting the winning number would be highest. Essentially, you should consider the house edge very carefully.

## Conclusion

Make sure you remember all the effective strategies and use them appropriately for winning. Keep in mind that whatever you are employing, the house edge will always be against you and the game is designed in the favor of the house. Strategies only seem to work but may fail in the long run. Know when to quit and prolong the fun and excitement.