Roulette Odds Formula:
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The Roulette Odds Calculator determines the payout odds for different types of roulette bets based on the number of covered numbers. It helps players understand their potential returns for various betting strategies.
The calculator uses the roulette odds formula:
Where:
Explanation: The formula calculates the fair payout odds for covering a specific number of slots on a roulette wheel.
Details: Understanding roulette odds is essential for making informed betting decisions, managing bankroll effectively, and developing strategic betting approaches.
Tips: Enter the number of covered numbers (1-36). The calculator will display the corresponding payout odds in "X to 1" format.
Q1: What's the difference between European and American roulette odds?
A: American roulette has 38 numbers (including 0 and 00), which slightly changes the odds calculation and increases the house edge.
Q2: What are typical numbers covered for common bets?
A: Straight up (1), split (2), street (3), corner (4), six-line (6), dozen (12), column (12), even-money bets (18)
Q3: Why subtract 1 in the formula?
A: The subtraction accounts for the return of the original bet amount plus winnings. A winning $1 bet at 35:1 returns $36 ($35 profit + $1 stake).
Q4: How does the house edge affect actual payouts?
A: While the formula shows true odds, casinos pay less than true odds to maintain their house advantage (2.7% in European, 5.26% in American roulette).
Q5: Can this calculator be used for other casino games?
A: No, this formula is specific to roulette. Other games like craps, blackjack, and slots have different odds calculation methods.