Roulette gets a certain amount of derision from gambling writers because the house edge is relatively high at 5.26%. But there’s more to take into consideration when judging a gambling game thanthe house edge.
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- The rule 'Surrender' decreases double zero roulette house edge for even money bets (red/black, even/odd, high/low) to roughly 2.6%. The bet called 'top line' that covers the numbers 0, 00, 1, 2 and 3 on a double zero roulette has the highest house edge found on a roulette table – 7.9%.
- Apart from the ball and the wheel, there is also a roulette table with a layout used by players to place their bets. Bets can be placed before the dealer spins the wheel and throws in the ball. However, they can often also be placed even when the wheel and the ball are rotating, until the dealer announces that bets are closed.
- When you play roulette online for real money, you must check the table limits before you place your bets. A minimum bet could be as low as $1, whilst the maximum bet could be set at $10,000. Certain strategies – such as the Martingale strategy – require a large maximum bet. Just imagine losing a $6,000 bet.
First of all, ANY game in which the player has a mathematical disadvantage is a game which will eventually drain the player’s entire bankroll. Even if the house edge is only 0.1%, if you playlong enough, eventually the casino will win all your money—if you play long enough.
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From that perspective, it doesn’t matter how high or low the house edge. The only real comparison to make is with games where you might actually have an advantage. The difference between a 0.1%house edge and a 0.1% player edge is far more significant than the difference between a 0.1% house and a 0.2% house edge.
The single best roulette bet is even money bet. This can be varied from Even/Odd to Red/Black and even High/Low, so players do have some options when betting. Since the payout is 1:1, the risk is low, but players will not be able to collect massive winnings from these bets. FLEX, a betting strategy for even money bets FLEX is a very promissing betting strategy on even money chances. In this explanation, we refer to the double chance BLACK / RED. FLEX follows the actual trend of the spin run. For this purpose we look at the black - and the red side separately.
Here’s something else to consider about roulette:
It’s a much slower game, so if you care about things like your expected hourly loss, roulette might even be a better deal than games with better odds.
Here’s an example of how that matters:
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You calculate how much the casino expects to win per hour by multiplying your average bet size by the number of bets you’re placing per hour. That’s how much hourly action you’re bringing thecasino.
You multiply the total action by the house edge to get your expected loss.
Let’s say you’re playing for $5 a spin at roulette. You’re seeing an average of 55 spins per hour, so you’re putting $275 per hour into action. 5.26% of $275 is $14.47 in expected losses perhour.
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Now let’s say you’re playing 8/5 Jacks or Better, the best video poker game available at many casinos. The house edge for this game is 2.7%, which is about half that of the American roulettewheel. You’d expect to lose half as much money per hour on average, wouldn’t you?
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But most video poker players get in 600 hands per hour. At $5 per hand, that’s $3000 per hour. With a house edge of 2.7%, you expect to lose $81 per hour on that game.
There’s a huge difference between an expected loss of $14 versus $81 per hour.
So don’t let people who THINK they know something about gambling mock you for liking roulette. It’s a better game than the odds might indicate because of its slow pace.