European Roulette, game rules explained. Roulette bet names, odds and payouts. Play European Roulette with Bitcoins, try your luck! European Roulette expected Value. When it comes to European roulette nearly all wager has the same house edge. Let’s explain what we mean. For example, players bet on one digit. If this bet wins, it will payout 35-1. Nonetheless, there is just a single winning result out of the possible 37. The odds of winning on one spin are 1/37 or 2.70%. We don’t recommend you play it when European roulette is available, and here’s the math that explains why. Let’s take that same single number bet we looked at above. The payout is the same (35-1), but the odds of winning are lower since there’s now only one winner out of 38 numbers. Meanwhile, you’ll now lose 37 times out of 38. The odds in roulette are easy to calculate. The wheel is divided into either 37 or 38 slots, depending on whether you are playing the European version (single zero), or the American version which has an extra space in the double zero. The zero space(s) represent the house edge. Welcome to our roulette payouts calculator online. Roulette is a game of chance, which means it relies entirely on odds. Therefore, it’s beneficial for all players to know how these odds work before they decide how to bet. embedded content There are several distinct bets you can place in the game of roulette. Your odds will also fluctuate.
For most bets, calculating your expected value (or EV) is simple. It can become harder in games where you don’t have all the information you need to make the calculations; in games like that (such as poker or blackjack), expected value often requires a little estimation along with the hard math.
In order to make an expected value calculation, you’ll need to know four things: the probability of winning the bet, the amount you’ll win if you the bet is won, the probability of losing the bet, and the amount you’ll lose if the bet is lost. You can plug actual dollar amounts into the calculations if you want to know the expected win or loss on a particular bet (as we will do) you can just use “units” for more general calculations that cover bets of any size.
Here’s an example. Imagine you are flipping a coin with a friend. However, the payouts aren’t quite fair: you only have to bet $10 on each flip, while your friend has to bet $11. What is the expected value for you?
Well, we know that you have a 50% chance of winning, and when you win, you’ll win $11. We can multiply those numbers together to come up with a total of $5.50. We also know that you’ll lose half the time, and will lose $10 each time you lose. $10 multiplied by .5 is $5. We can then take those two figures, subtract the average loss from the average win, and find that you expect to make a profit of $0.50 on each flip. The math looks like this:
($11 * .5) – ($10 * .5) = $0.50
European Roulette Payout Calculator Express Entry
European Roulette Payout Calculator Formula
This is the same math used in any EV calculation, though things can get more complicated if you have to include the possibility of winning different amounts or that the bet could push.