Casino Roulette Strategies



Beat Roulette strategy

Roulette House Edge: No Big Deal  May 12, 2016 – 03:46 pm

Casino roulette playersBookmark this page.
Whenever someone tells you, that you can not beat roulette, because it is a negative expectation game or because of the house edge, please point him to this page.

The concept of house advantage

The main idea behind the house advantage (or house edge or player dis-advantage or average expectation – they all refer to the same thing) is that the casinos need to make money. Therefore every casino game has a specific house advantage, depending on the type of the game (roulette, blackjack, craps, Texas Holdem etc.). Theoretically, the house advantage is the amount of money the casino is making for itself, while the rest of the money is given back to the players by paying out their wins. Another way to describe the house edge is that from all the bets that take place on a roulette table, the casino will pay-out to the players all the money played minus a small percentage, that percentage is called House Edge.

Roulette house edge explained

Let’s be more specific. As you know roulette has, on the table layout and on the actual roulette wheel, the 37 numbers from 0 to 36.[*] Of these 37 numbers the 36 (1-36) are colored black or red and the Zero is colored green. The Green zero symbolizes the house edge. And I say “it symbolizes” and not “it is” the house edge, because if we want we can freely bet on zero and get a profit from it.Standard deviations But the point is that although the roulette wheel and table have 37 numbers and 37 discrete possible outcomes, we are paid as if it had only 36. This means that our payout in case of win is 1/37 = 2, 7% lower than it should.

When you bet on RED even chance, it is actually not exactly an even chance, since on the wheel there are 18 red numbers, 18 black numbers and 1 zero. So you have 18/37 = 48, 7% chance of winning (and not 50%), therefore your payout should have been (37-18)/18= 19/18= 102, 7% of your bet. But you are paid only 100% of your bet.

When you bet a single number, your chance of winning is 1/37 = 2, 7% and your payout should have been (37-1)/1=36= 360% or 36 times your bet. But you are paid only 350% or 35 times your bet. This is a 2, 7% difference of the ideal payout.

Source: www.roulette30.com

You might also like:

BEST ROULETTE STRATEGY | LEARN HOW TO ALWAYS BEAT ROULETTE
BEST ROULETTE STRATEGY | LEARN HOW TO ALWAYS BEAT ROULETTE!!!
How To Beat Roulette - Strategy Makes $312 An Hour !!
How To Beat Roulette - Strategy Makes $312 An Hour !!
Beat Roulette Online - Beat Internet Roulette With Strategy
Beat Roulette Online - Beat Internet Roulette With Strategy

Related posts:

  1. Roulette Strategies
  2. New Roulette Strategies
  3. Best Roulette bets strategy
  4. Free Roulette strategy
  5. Easy Roulette strategy