Bets to Avoid in Roulette Mines Games Casino
1. Main Types of Roulette
Generally speaking, there are three main types of roulette and all other variations are their follow-ups. These include American Roulette, European Roulette, and French Roulette. By rule, French Roulette is the most advantageous from the player’s perspective as the En Prison and the La Partage rules decrease the house edge to 1.35%. European Roulette features a house edge of 2.7%, while American Roulette has the highest house edge that amounts to 5.26% due to the additional double-zero pocket on the wheel.
2. Main Objective of The Game
The main objective of the game is to accurately predict in which pocket the ball will come to rest. Roulette offers many different types of bets, each coming with a different payout. Higher-risk bets are associated with the bigger payouts.
3. The Golden Rule
The golden rule here is never to put all your eggs in one basket. In other words, avoid placing basket bets when playing online roulette. The bet covers 5 numbers, including 0, 00, 1, 2, and 3. As you might have already guessed, only American Roulette offers this kind of bet. If you place a five-number bet and you win, you will boost your bankroll with a payout of 6:1. But let us look at the probability of winning such a bet.
4. Probability of Winning
American Roulette has a zero and a double zero pocket, making up for a total of 38 pockets. That is the reason why the American variation of the game has a higher house edge. To calculate the probability of winning, you have to divide the number of ways of getting a given event by the number of possible outcomes. Since the basket bet covers 5 numbers and the wheel has 38 pockets, the probability of winning is (5 / 38) x 100 = 13.15%.
The true odds are ratios, representing the number of ways of a given event to occur against the number of ways of the same event not to occur. When it comes to the basket bet, you have 5 ways to win and 33 ways to lose. Hence, we can say that the true odds of winning a basket bet in roulette are 5:33.
Roulette experts know that true odds and casino odds are two completely different concepts. While the true odds show your actual chances of winning or losing a bet, the casino odds take into account the odds against success. To calculate the odds against success, compare the ways to lose to the ways to win which is 33:5.
So, if the house did not have its share, it should have paid players 33:5, or 6.6:1 for winning a basket bet. But as we mentioned above, the payout associated with this bet is 6:1 and that is where the advantage of the house comes from.