7 Things To Know About The House Edge In Roulette

“The house always wins” is one of the most popular sayings that you will hear in regards to gambling activities. This means that irrespective of a player’s skill or experience of playing casino games, the house (the casino) will always win in the end. While this isn’t always the case, the casino undoubtedly wins the vast majority of the time.

Like most business ventures, new casinos are formed to make massive profits. They usually make these profits by cashing out on any losses that are incurred by players. However, this doesn’t mean the house always takes home the gold in every instance. There are games that players have better chances of winning, and more experienced players are able to make huge wins when playing these particular casino games due to these better odds. Visit Fanduel.com to play these games today.

1) What Is The House Edge?

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In the simplest terms, the house edge is defined as the advantage that a casino has over other players. The house edge reflects the difference between winning and the casino’s payout for wagers within specific games. It is key to note that all casino games have been structured so that the casino remains on top. However, roulette offers players a far better chance of winning despite the fact that the game is based entirely on chance.

2) How To Understand The Roulette Edge

House edge usually ranges from 1-17% during most casino games. Nonetheless, some jackpot games provide the house with an edge of over 20%. Thus, in regard to casino advantage, roulette is considered to be within the middle range. When playing American-style roulette, the house edge is around 5% which means that the house is more likely to profit from any players.

Comparatively, European roulette offers more chances for the players and the house edge for a single spin is 2.6%. Despite this low edge, players are not guaranteed to win on every single bet they place, this is why players should try to ascertain the house edge on each game in order to make them more insightful when placing their bets. This will minimize any losses inherently when playing casino games for an extensive period of time.

3) How To Calculate The House Edge

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When playing European roulette, there are a total of 36 numbers on the wheel. These numbers range from 1 to 36 and consist of black and red colors. However, there is also an open green space that has been labelled 0. The inclusion of this 0 provides the house with an edge as players are only paid when betting on one of these 36 numbers, however, there are 37 numbers on the board when including the 0. This results in players being paid 2.7% less than they should be being paid.

4) Equal Count of Numbers

The red and black spaces also feature an equal amount of numbers. Thus, whenever a player bets on a black space, they are betting that the ball will land on one of the 18 black numbers that are included. In truth, it should be relatively easy for the ball to fall on one of these numbers. However, this is not always the case. The odds are actually 18/37 and not 50/50 as most players would assume. The percentage is 48.7% in favor of the casino. This means that you are still more likely to lose than you are to win despite the illusion that there is an equal count of numbers.

5) American Roulette is Different

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When playing a standard game of American roulette, the house edge is drastically different and this is not always in the best interest of the players. American roulette differs from European roulette. When playing American roulette, there is another zero that is added onto the roulette wheel. This means that although there are still 18 red numbers and 18 black numbers, there is a double-zero green space. This means that there are 38 numbers altogether.

The rules of the game remain the same overall. However, when playing American roulette, you need to wager as if there are 36 numbers on the table when there are actually 38 to play against. Thus, players usually get paid 5.26% less than they should be.

6) The House Advantage In American Roulette

If you place a bet on a black number when playing American roulette, then you need to play against 18 red numbers as well as two green numbers. This means that the odds are massively in favor of the house when playing American roulette compared to European roulette. The odds are not 50/50 as you may assume, they are actually 18/38 which is 47.4%.

While this may not appear to be much of a difference to most players, it does drastically increase their chance of losing if they plan to play roulette for a long period of time.

7) Do Not Play If You Are An Addict

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If you are a gambling addict, you should avoid playing casino games entirely as the house is always at an advantage as you will become increasingly more frustrated if you are unable to control the amount that you are gambling.

Conclusion

To conclude, although roulette is considered to be a game based on luck, calculating the house edge and having an awareness of your odds of winning will help you to increase your chance of winning exponentially. It will also prevent you from incurring significant losses as you will have more control over the process. While each and every casino game has been crafted to provide the casino with the most advantage, playing games like roulette offers you more opportunity to win any wager you place.

It is also important to note that playing European roulette provides you with better odds than playing American roulette. I hope that you have found this article to be insightful and informative. Thank you for reading.