Casino Payout Calculator
3/29/2022 admin
If you are a gaming and gambling enthusiast, then it makes sense to spend some time reading this article. All gambling games are built on the foundations of probability and if you understand and master this basic concept, the chances of winning big money in various online casino games cannot be considered a rare possibility.
The payout will be 6 to 1 with a winning percentage chance of 13.16%. Line – With a line bet, you’re betting on two rows of neighboring numbers (a total of six digits) i.e., 7, 8, 9, and 10, 11, and 12. The payout will be 5 to 1 with a 15.79% chance in American roulette. The casino will short you out by two units because the casino will not make a profit if it pays odds fairly. Thirty-six will be divided into two and times 100 to reveal a house edge of 5.26%. Hence, roulette odds do not reflect actual roulette payouts. If you check a roulette probability chart, you will see the probability for each set of numbers. To find out each casino’s total payout, you just have to calculate the average of all of its games’ RTPs. What are the payout rates? Casinos use this stat for marketing/advertisement purposes: “Come to play at our site with 97% RTP”, “96.5% guaranteed payout on our casino”,” Searching for top payout casinos? Posted on February 16, 2008 by Casino Player in beat slot machines, play slots to win, slot machine payout cycle information, slot machine paytables, slot machine volatility // 6 Comments. The average payout on slot machine varies among slots but you are going to find a higher return-to-player percentage in the recommended online casinos as.
People fail to make big money in gambling, because they do not understand this concept and, even if they understand, they do not implement it properly. While, there are many online games and when it comes to probability, roulette is perhaps the closest as far as probability is concerned.
All bets are placed based on probabilities, and it is all about betting on a number, which has a better probability of winning. It could also be a set of other numbers, colors or various positional groupings, which have a higher chance of roulette payouts.
A Brief Look at Its History
Roulette is a game, which had its origin in France during the 18th Century. It was perhaps a combination of Italian Board Games and English Wheel Games.
It brought together famous English games like Roly-Poly, E.O and ace of hearts and Italian board games such as Biribi and Hoca and that is how Roulette as we know it today took shape. In French, the term Roulette means small wheels.
Roulette Odds Payout Calculator
It is a casino game, where the gamblers must face outside or inside bets. The betting can be done on a single number or a set of numbers. The numbers could be odd or even and the gamblers can also choose black or red colors. The casino employee, who also is referred to as the croupier will be the one, who will take the bets.
He is responsible for the roulette payouts. He has the role of assisting gamers as far as setting the roulette table layout is concerned.
The croupier spin the wheel in one direction, and this is done to find out as to which the winning number is. The ball will be spun in the opposite direction.
The ball runs around the wheel circumference and once the spinning momentum is lost the ball will fall into one of the many pockets of the wheel. Once it settles in a certain pocket, the winning number will be identified. Now, let me tell a few words about roulette payout calculator app.
Roulette Payout Calculator App
There are basically two kinds of bets, and, as mentioned earlier, they are outside and inside bets. The inside bets basically deal with a variety of numbers, which are decided based on the position of the ball.
On the other hand, when we refer to outside bets, we are looking different positional groupings as far as the pockets are concerned. The color of the pockets and the combination of even and odd numbers are considered.
Something about Payout Odds
The roulette payouts for which betting are done based on the probability or, in other words, the chance as far as a number is concerned. Though, there is an element of good fortune and luck involved in roulette payouts, if the game is played with a good strategy, it is quite likely, that the chances of making money are quite good.
You have to find out ways and means by which you can literally steal the money from the roulette table, because money will not be given to you on a platter. For this to happen apart from other things, you also need to have a reasonably good understanding about roulette odds payout calculator and merge the same with the right strategy.
Understanding the Best Bets
Gambling Payout Calculator
There is nothing such as total luck or total strategy, which will help a person to win big money in a roulette. It is a combination of both, and a lot would depend on how the first wagering was done and how and where the chip was placed on the mat.
As far as payouts are concerned, straight bets have the highest payout yields. This is simply, because they have the most difficult roulette odds payout. When learning, how to calculate roulette payout odds, one should learn more about the straight bet.
This is about picking one number out of 36 and then trying to win out of that number. The players can choose zero or even double zero. The payout ratio is usually 35 to 1. In other words, if you have wagered $20, you can win $700.
Though the returns are fabulous, the odds of winning in 38 chances and this is what you should understand. Only when you have money to burn, should you choose this option. Talking about other casino roulette odds payout on should also have some basic idea of splitting the bet.
This increases the chance of winning and has a much higher p0ayout. It is about learning, how to place the chip between two numbers as far as the board is concerned. If the ball lands on either of these numbers, you will be eligible for 17 is to 1 ratio of payout.
You could even modify it a bit further and opt for corner bet, which is about all the four corners of each number meeting. This will result in 8 to 1 odd, which make the chances of winning that much higher and better.
Opting for Color Bet
The simplest and easiest way to make some money in roulette is to opt for betting on colors, either black or red.
However, roulette payouts are very low here. If you wager $20 and win, you get back $40, which is double but still lower, than other types of roulette payout odds.
Hence, you must spend some time understanding the various types of payout and then decide to move forward. This will take some time, but it is worth it rather, than hurrying through the process and making a mess out of it and ending up losing in the bargain.
on
For the most part, calculating roulette payouts is just a matter of multiplication. Each bet pays out at certain odds, and that determines what you multiply the bet by to get the payout. Also, as with most table games, the payouts are done on an X to Y basis, as opposed to an X for Y basis.
This post wants to cover roulette payouts in some degree of detail, though, including how much each bet pays off.
More importantly, I want to explain how the croupier is able to calculate payouts for roulette so quickly. Guess what? They have a system for that.
Payout Odds in Gambling
When you’re gambling on something, you get paid off using odds. Some games offer even odds, which means that if you bet $100, you win $100 when you win.
Most games, though, have various payouts for various kinds of bets.
The top jackpot on a video poker machine pays off at 800 for 1.
And that’s an important distinction. There’s a big difference between a payoff of 800 for 1 and a payoff of 800 to 1.
With table games like roulette, the payoffs are in the form of 2 to 1, 3 to 1, 35 to 1, etc.
This means that if you win the bet, you get to keep the amount you bet, and you get the winnings along with it.
If you bet $100 on a single number at the roulette table and win, you get a payoff of $3,500. But you also get to keep your $100.
Casino Winnings Calculator
With gambling machines, payouts are made on a “for” basis instead of a “to” basis. This means your winnings are traded for what you risked.
If you bet $5 on a slot machine and win a $10 payout, you don’t get your $5 back on top of that.
This is an important distinction you should make. Most gamblers don’t stick just with roulette, so if you’re going to play other games — and you probably will — you should understand how that works.
Specific Payouts in the Game of Roulette
In roulette, you have a huge variety of bets you can place. You bet on a single number. Or you can bet on two numbers — if either of those numbers come up, you win. Or you can bet on three numbers, and if any of those three numbers come up, you win.
The more likely it is for you to win, the lower the payout is.
A bet on black wins almost half the time. The payoff for that bet is only 1 to 1, or even money.
A bet on a single number pays off at 35 to 1, which is a big payoff, but it also only wins 1 out of every 38 spins on average.
The Difference Between the Odds of Winning and the Payout Odds
The casino makes its money from the difference between the odds of winning and the payout odds.
Gambling Payout Calculator
You know how you can express the payout on a bet as odds?
35 to 1 is an example of how you’d express a payoff on the single number bet.
The odds of winning can also be expressed in the same way.
On a standard American roulette wheel, you have 37 ways to lose a single number bet and only one way to win.
This means the odds of winning are 37 to 1.
Since the odds of winning are lower than the payoff for the bet, the casino makes a profit in the long run.
Once out of every 38 spins, they’ll pay off a single number bet, but they’ll only pay off 35 to 1 on that bet. The rest of the money goes into the casino’s pocket.
The casino deals in long-term averages, especially when it comes to roulette.
Roulette Bets and Their Payoffs
Here’s a list of bets you can make at the roulette table and how much each of them pays off.
The Outside Bets
These are the bets on the outside of the betting surface, and they’re the bets that pay off the most often. As a result, you win less with these bets.
Here are the outside bets you can make:
- Red(or Black) – You can bet on the color of the number, and the payout is even money — 1 to 1
- Even (or Odd) – You can bet that the number will be even or odd, and the payout is again even money — 1 to 1
- Low (or High) – You can bet that the number will be 1-18 (low) or 19-36 (high). The payout is even money on this one, too
- Columns – The numbers on the betting surface are organized into three columns. You can bet that the ball will land on one of the numbers in that column. The payoff, if you guess right, is 2 to 1
- Dozens – The numbers can be divided into 1st third (1-12), 2nd third (13-24), and 3rd third (25-36). If you guess right, you get a 2 to 1 payout
On all these outside bets, 0 and 00 count as losses. Those numbers are green, and they’re not considered even or odd, high or low.
The Inside Bets
These are the bets on the inside of the betting surface. They pay out better but have a bigger chance of losing.
Here are the inside bets you can make:
- Straight Up – This is a bet on a single number and pays off at 35 to 1
- Split – This is a bet on two numbers that are next to each other. It pays off at 17 to 1
- Street – This is a bet on three numbers, and it pays off at 11 to 1
- Corners – This is a bet on four numbers, and it pays off at 8 to 1
- The 5-Number Bet – You can only bet on 0, 00, 1, 2, and 3 if you want to bet on five numbers, and it pays off at 6 to 1. This is the only bet on the roulette table with a different house edge from the other bets — 7.89% (the other bets have a house edge of 5.26%)
- Line – This is a bet on six numbers and pays off at 5 to 1
All these bets would be a break-even proposition in the long run IF the wheel didn’t have a green 0 and a green 00.
How the Croupier Makes the Payouts So Quickly
The first thing the croupier does after the decision is to clear all the losing bets off the roulette table. Since he’s intimately familiar with the layout of the betting surface, this doesn’t take long at all.
Also, all the players at the roulette table have chips that are specifically colored so that they have the same color. You can’t use the roulette chips at the other table. This enables the croupier to tell your bet from someone else’s. It’s the color of the chips.
To calculate the payouts, you just multiply the bet by the payout odds.
If someone bet two chips on a single number and it won, you’d multiply 2 by 35 and get 70. That’s how many chips you’d give the player in winnings.
He doesn’t really have a magical system, either. He knows the payouts for the various bets, and he’s able to do the multiplication in his head. It’s easy multiplication, but even if it weren’t, he’d eventually just be able to memorize the correct payout relative to the number of chips bet.
Also, he doesn’t really think of the chips as money. They’re just betting units.
Can Any of This Information Help Me Win at Roulette?
Naw.
Roulette’s a negative expectation game.
You might get lucky in the short run, but if you play long enough, the math behind the payouts will eventually reduce your bankroll to 0.
Conclusion
And that’s how to calculate roulette payouts. You just memorize which bets are possible and how much they pay off. Once you know that, calculating the payouts is just a matter of multiplication.
Croupiers are able to do it quickly because they do it all day every day.
I’m able to make change in my head because I worked for years on cash registers that didn’t calculate change. I know how to subtract from 100 without any effort at all.
Calculating roulette payouts is a similar skill.
Please enable JavaScript to view the comments powered by Disqus.