What Are the Payouts on Roulette?
Roulette is truly a special casino game. Players of all kinds can enjoy it without needing to worry too much about strategy and tactics, while the prizes can pay off a lot! However, this game involves quite a bit of money, and before you decide to invest in some chips, it’s essential to know how much you stand to win or lose while playing.
Every single roulette wager includes a mathematical probability that will reveal your winning chances. But it’s not that simple since there are multiple variants of the game, all including different odds and payouts as well as a wide range of bet types, which may confuse some roulette players.
So what is the payout in roulette? Is it easy to learn how to calculate the payouts? Keep reading to find out!
It takes some time to get to know the game of roulette, but luckily, beginners or intermediate players of other casino games only need to learn some basics to understand it.
You may already know that American roulette (with 00) includes weaker odds compared to the European variant (single zero). Also, the addition of such rules as “en prison” in the European version will give the game a decreased house edge. What’s more, it’s crucial to know these rules as well as all the bet types since you could miss a good payout if you place your chips in the wrong place on the roulette table. So when you memorize the different roulette bets, you’ll be able to know how to calculate the odds.
Payouts and Odds
Overall, roulette payouts are fairly simple to understand. Namely, the term relates to the money you stand to receive on your winning wager. It’s almost always a multiple of the bet, and the payouts are expressed with a simple formula: X to 1.
For instance, with an 8:1 payout, you win $8 on a dollar bet. Plus, the croupier will return your original wager. In another example, if the payout is 5:1 and you place a $5 bet, then the total winning amount will be $25. Also, the croupier will return your original wager of $5.
Moreover, it’s possible that roulette payouts could vary depending on the specific games offered in a land-based venue or online casino. That’s another reason why it’s smartest to know all the roulette payouts. That way, you won’t have to spend time while locating them in a live or online casino if you simply know them by heart.
In a way, it could also be better to simply learn the principle behind roulette payouts without needing to memorize every type of bet. What’s more, you can learn how to calculate any bet in only a few moments.
Namely, the main elements here are the zeroes — the 0 or 00 (American variant). As a rule, the number is not included in any calculations.
Furthermore, when it comes to calculating payouts, you merely need to imagine that the game contains 36 numbers. The zero or double zero pockets only generate the game’s house edge. However, sometimes, if zeros are called, all wagers will lose.
How to Calculate Payouts
The best way to grasp the calculation process is to look at an example with column bets.
All 36 numbers in the game can be found over three columns (12 numbers per column). If bets are placed on a column, you’ll get paid if the roulette ball lands on any of the numbers the column includes.
Conversely, if the ball lands on the remaining 24 numbers, you’ll lose that bet. To know the payout, simply look at the losing/winning ratio. Namely, when a column bet is placed, the ratio is 24:12. However, since the payouts are always shown in the simplest form, the payout on that bet is actually 2:1. If you, for example, place $4 on a column and your bet wins, you win $8 along with the original bet of $4, i.e., a total of $12.
Here are a few other examples:
- The split bet (on two numbers) can lose on exactly 34 and win on only 2 numbers. That way, the payout equals to 34:2, but the simplified expression of that is 17:1.
- A bet on red has equal winning/losing numbers (18) and the payout amounts to 18:18 or 1:1.
- Placing a trio wager gives you 3 winning or 33 losing numbers. Thus, this payout is 33:3. When simplified, it amounts to 11:1.
- A 4-number wager (corner) gives a 32:4 payout since you stand to win on 4 and lose on exactly 32 numbers. The simplified version of this payout is 8:1.
- A 6-number wager offers a 30:6 payout since there are 6 winning and 30 losing numbers. The payout’s simplest form is 5:1.
- With a bet on only one number or the zero/double zero, the payout always amounts to 35:1 and there is no way to simplify it.
Types of Bets
To the unacquainted, roulette includes two main bet type groups — inside and outside bets. These bet forms are named after the placement of the wagers on the roulette table layout.
Generally, inside bets are riskier and come with higher payouts, while the outside wagers come with smaller payouts due to increased winning chances. Thus, the outside bets are the safer option, but most of them will pay even money while covering nearly 50% of the table.
The inside bets are:
- Red or Black — the ball must land on a chosen color
- Odd or Even — the ball must land on odd or even numbers
- Low or High — the ball must land on 19 to 36 or 1 to 18
- Columns — the ball must land on one of three columns.
- Dozens — the ball must land on 1 to 12, 13 to 24, or 25 to 36.
On the other hand, inside bets come with smaller chances since the wagers get placed on specific numbers or number combinations. Here’s a list of inside bets:
- Straight-up — a wager on only one number.
- Split — a wager on two numbers (adjacent).
- Street — a wager on three numbers.
- Corner — a wager on four numbers forming a square.
- 5-Number — a wager on 3, 2, 1, 00, and 0.
- 6-Number — a wager on two number rows.
Chances of Winning, Payouts in Vegas and Online
Most inside wagers come with a chance of around 50%. Overall, the odds are around 48.60% for even money bets if you’re playing the European variant, and 47.37% if the wheel is American. And the odds of winning on inside bets vary from 2.70% to 32.40%.
To better illustrate how much you stand to win, here is a table containing the full list of bets, payouts and odds for American and European roulette:
|Bet Type||Payout||European Odds||American Odds|
|Odd or Even||1:1||48.60%||47.4%|
|Red or Black||1:1||48.60%||47.4%|
|Low or High||1:1||48.60%||47.4%|
Average Payouts on a $5 Bet
So if you keep in mind that roulette returns your wager to you when you win, plus the winning amount, here’s how much money you can get for a typical $5 bet:
- Straight-up: $180 ($175 win + $5 bet).
- Split: $90 ($85 win + $5 bet).
- Street: $60 ($55 win + $5 bet).
- Corner: $45 ($40 win + $5 bet).
- 5-Number: $5 ($30 win + $5 bet).
- 6-Number: $30 ($25 win + $5 bet).
- Column: $15 ($10 win + $5 bet).
- Dozen: $15 ($10 win + $5 bet).
- Odd/Even: $10 ($5 win + $5 bet).
- Red/Black: $10 ($5 win + $5 bet).
- Low/High: $10 ($5 win + $5 bet).
Roulette Payouts Summary
Overall, those were the basics of calculating roulette payouts. As you have seen, there’s a simple formula to do it if you use the win/lose ratio. Additionally, you can also use resources like the table and lists that we’ve shown you. We’ve included all the bet types, their payouts, and odds in our table. The game of roulette is incredibly fun, and it can lead to some big rewards if you know the payouts and odds.
So check out some frequently asked questions below and start playing today!
Frequently Asked Questions
The payout refers to the amount of money the roulette game will return on your bet. When you win a bet, the game will give you a specific payout depending on the bet type you chose (straight-up, odd/even, etc.). Generally, roulette payouts range between 35:1 and 1:1 and when you win, the game will return your original bet plus the winnings. For example, if you bet $5 on a split bet with a 17:1 payout, you’ll win $85 as well as the $5 of the original bet.
Firstly, one of the worst wagers is the 5-Number bet because the odds are simply too low. One of the best bets is to put your money on evens/odds, black/red, or high/low. While it comes with a smaller payout, the winning chances are nearly 50%. Plus, another great bet is to place money on columns — it will cover a third of the table, and it can double the winnings.
When you bet on zero, it’s counted as a single number bet. The ball can land on zero or on the other 35 numbers on the roulette wheel. Furthermore, a bet on 0 ensures a payout of 35:1. Plus, if you win, you will get your original wager back. On the American roulette wheel, you can also bet on 00, and the payout is 35:1.
Roulette is a chance-based game, but it takes some skill to play it, and players shouldn’t simply rely on pure luck. The skills required are a great bankroll management system, knowledge of payouts and bets, as well as a cool-headed approach. While these skills will not make the odds smile upon you, you’ll play with a detailed understanding of what you need to do in order to win.