Odds Betting Red Black Roulette
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On a single zero wheel, if a bet on red wins.487% of the time, the odds of two consecutive red spins is.237, three in a row is.115, four in a row is.0562, and five in a row is.0274. That means a streak of five happens about once in 36.5 spins, and we’ll round up to 37. Bets with the best odds in roulette are general ones such as an outside bet on either even or odd, red or black or numbers 1-18 or 19-36. What is the best bet in roulette? This depends on your. Another common bet is Red/Black. This pays out 1/1 (or evens ), so if you put £1 on red and it wins, you get £1 plus you get your original £1 back = £2 in total. Your chances of winning are 18/37 because there are 18 red numbers out of the total 37.
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You have a choice of many different types of bets you are allowed to make when you play roulette. One of the bets offered is a bet on the color red. As a roulette player it is important that you understand that the red bet is considered to be one of the best bets in roulette and this article will elaborate on why this is so.
What is the Red Bet?
When playing single zero roulette (European roulette) you will notice that the roulette wheel has 37 numbered slots. The numbers used in single zero roulette are 1 to 36 and the number zero.
In double zero roulette the roulette wheel has 38 numbered slots containing the numbers 1 to 36, a zero and a double zero.
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On both types of roulette wheels the numbers 1 to 36 are divided into two color groups. Half the numbered slots are painted red and the other half is painted black. Zero and double zero are always pained in green.
Players are allowed to make bets on predicting whether the roulette ball will land on a number that is painted red or a number that is painted black.
Why the Red Bet is considered an Outside Bet?
The different bets in roulette offer different payouts and probability of winning. The bets are divided into two groups of bets; high risk bets and low risk bets. The high risk bets are called inside bets and the low risk bets are called outside bets.
Inside bets are made on a single number or a small group of numbers. The probability of generating a win is very low and to compensate for the low probability these bets offer very tempting payouts.
Outside bets are player-friendly bets as they offer a low level of risk with a reasonable payout.
Odds Betting Red Black Roulette Odds
The red bet belongs to the outside bets group since in a single bet on the color red the player covers almost half the numbers offered for betting in roulette.
The Probability
The easiest way to explain the probability of winning the red bet is to first imagine that the roulette wheel did not have a zero or a double zero on it, and only had the numbers 1 to 36. In this scenario exactly half the numbers on the roulette wheel would have been red numbers.
If you were to make a bet on the color red under these conditions you have a chance of 50% to win the bet since the probability to win will be calculated as 18/36 = 0.5.
Sadly this is not the case and in games of single zero roulette there is one more number to contend with and in double zero roulette games there are two additional numbers that lower the odds of winning the red bet.
Therefore when playing single zero roulette games with 37 numbered slots the probability of the red bet is calculated as 18/37 = 0.4864 which gives a chance of 48.64% to win the bet.
When comparing the odds to the payout, you can see that the odds are 1.01-to-1 and the payout offered is an even-money payout of 1-to-1. As you can see the casino has a very small advantage over the player.
In the case of double zero roulette, the game is played with 38 numbered slots so the probability of winning the red bet is calculated as 18/38 = 0.4736 which gives a 47.36% chance of winning.
The payout for the red bet in double zero roulette is identical to the payout offered in single zero roulette and stand on 1-to-1. However the true odds of the bet are 1.11-to-1 so in double zero roulette the casino has a slightly bigger edge over the player than in single zero roulette.
Therefore when you are faced with the choice between playing single zero roulette and double zero roulette, it is recommended to opt for single zero roulette. However that is not always possible as some casinos always offer one and not the other.
The “En Prison” Rule
Sometimes the casino offers a roulette game with an added rule. This rule is called “En Prison” and it literally means “in prison” in French. This rule is only valid when making even-money bets such as the red bet.
Under this rule any player making an even-money bet can leave their bet on the table for another spin in case the roulette ball falls on zero. You basically get two spins for the price of one. This rule also lowers the house edge.
In Conclusion
The red bet provides the player with a good chance of winning at roulette. Although it does not offer a big payout, considering the amount of risk involved the payout is reasonable.
A player that focuses on making outside bets such as the red bet, have a better chance of making their bankroll last longer and therefore will be able to play roulette for longer.
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Betting on the red or the black in roulette. Is this the most famous of all the roulette bets? Probably. It´s been the bet that had the most exposure in films and so on.
A bet on the red or the black is an even money bet, of course, in that the house pays out 1:1. So if you bet £10 and win, you win £10, plus you get your bet back, so the house pays you £20. You use these bets in all sorts of roulette systems such as the Single Column Even Bets, for example, which combines a red or black bet with a single column bet.
Odds Betting Red Black Roulette Games
You cover half the table covering numbers like black 6, 17 and 26. actually you don´t- remember there is a 0 pocket on the wheel (assuming you are playing European Roulette), and that takes your coverage down to 48.6%. The difference gives you the house advantage which is 2.6% for European Roulette and 5.2% on American Roulette (spot the obvious- always play European rather than American if you can).
If you play American Roulette, your coverage goes down to 47.4% and the house edge ticks up to 5.2%. (Tip- always play European variants in preference to Amercan).
Many people play red and black bets, and never try out anything else. There´s nothing wrong with that, just remember you get the same odds and table coverage on odd/even and 1-18/19-36 should you want to mix it up a bit. The odds are the same. In fact, the odds are the same for all roulette bets with the exception of the 5 Number Bet which you should avoid.
La Partage
The other thing to look out for, is casinos that play “La Partage Rule” on even money bets. This tends to be the French Roulette variants. You´ll get half your bet back if you bet on the red (or black) and the ball drops in the zero pocket. This reduces the house edge even further down to 1.3%
The Best Casino and Variant to play red or black bets in roulette?
Odds Betting Red Black Roulette Numbers
Referring back to our note on La Partage, you will get most bang from your buck on a French Wheel. Try the French Roulette over at Royal Panda. Many strategies use even money bets like the Whittacker roulette system.