Roulette odds is such a broad topic as discussed in roulette wheel odds but here we will be focusing on how you can come up with these odds and how significant they are.
Anyone who has ever played roulette is perfectly aware that each bet that you make has a corresponding winning rate. This rate is conveniently referred to as “odds”. Roulette odds are very helpful to people who are making bets on the wheel because it allows them to know their chances of winning. This can be expressed as a fraction or a percentage. Basically, that covers what roulette odds are all about and their significance in a game or roulette.
But, for those who are interested not just in where their luck will take them, these odds a vital role in a roulette strategy that focuses on advantage play. Whether you are an expert or a rookie roulette player, the existence of professionals are acknowledged. If you are making a bet to win, you should start thinking the way these experts do to ensure that you’ll bag the jackpot. Mastery of these roulette odds is one of the basic steps to getting what you want in this game of chance.
How Are Roulette Odds Computed
As a rule, roulette odds as presented by many websites are based on the chance of winning given a random set of bets. This is merely a statistical computation of the probability that you would guess the right number for a spin.
For a European wheel for instance where there are 37 pockets where the ball could possibly land, the odds of winning when you place a bet on Reds would be 48.65%.
In a European wheel, 18 slots are Red while the other 18 are Black. Meanwhile, there is also another slot, the Green Zero. Factoring all of this information, we know that your chance of winning the game when you place a bet on Reds is 18 chances out of 37 which is simply 18/37 in fractional form. When converted in percentage format, this translates to 48.65%.
The computation would differ for American Roulette since the total number of slots is 38 due to the addition of the double zero. Aside from this difference, you could compute your odds of winning all by yourself. However, be forewarned that these odds could be different depending on the circumstances that you are currently facing.
When Do Roulette Odds Change and What It Means
In the previous section we talked all about how odds are computed and how the computations are basically the same although there are differences depending on the zero slots. However, the odds of winning could actually be different when we change some of the constants in our equation.
One important thing to remember is that the formula is entirely based on the condition that the bets made by the player are random. This means that this formula does not account for the “player edge” or other things that could change the winning percentage and allow the odds to favor the player. Calculating the exact odds that account for this “player edge” can be a tad difficult. But, it is important to note that when circumstances such as prior knowledge of wheel bias are accounted for, winning odds would lean towards the player.
Methods such as the one mentioned above and any other system that could narrow down the possible winning digits would increase the player’s odds. These strategies are often lumped together in one category and conveniently referred to as advantage play. Often, these advantage plays can change the odds that are currently present.
As a general rule, you will know if the strategy that you are applying on a roulette game is effective because it will change the odds that you will be facing. If you are merely using a strategy that will change your bankroll or the way you manage your funds when you are playing a game, then there would be no veritable change in the odds. In fact, it would be safe to conclude that the strategy is not a very good one if it does that change your winning odds.
What Systems Don’t Change Your Odds
We would like to reiterate that when the winning odds do not change, the strategy you are using will not lead you closer to winning game of roulette. It can, however, allow you to stay longer in the game. This simply means that when you are planning to use strategies especially ones that involves progression, all you are actually focusing on is how you are dividing the amount of money that you have on your bankroll. The winning odds do not change in any way. Hence, the odds that originally exist would not be in your favor. The casino would still be having the upper hand since probability shows that the odds would be in their favor.
As a final note, roulette odds are important simply because these are the probability of winning and you can gauge how good a strategy is when you see a difference in your winning odds. A good strategy tilts the odds on your favor by giving you an edge over the casino.