In roulette, you can choose between high-risk bets with big payouts and low-risk with modest payouts. A textbook example of a high-risk wager is Straight-up bet that comes with 2.7% winning chances. However, if your Straight-up bet wins, you'll get a mind-blowing payout (35 to 1). Many casinos categorise bets into low, medium and high risk depending on the table coverage. A bet on the red is normally considered medium risk. A bet on 2 columns would be considered low risk as you are covering almost two thirds of the table (remember there's that pesky zero pocket (or pockets in American Roulette). If you only want to make low-risk bets for a small amount of money, you can. If you want to chase larger returns, that's also possible. Whichever online roulette strategy you adopt, make sure the size of your bets is small in comparison to your total bankroll. If you do want to increase risk, you can also play roulette street bets. 8 street bets gives you a coverage of just under 2/3 of the table of course, the same coverage as 2 columns or 2 dozens bets. So you could bet 7 as a halfway house between playing 2 dozens and the even money bets like red or black.
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You have a choice of many different types of bets you are allowed to make when you play roulette. One of the bets offered is a bet on the color red. As a roulette player it is important that you understand that the red bet is considered to be one of the best bets in roulette and this article will elaborate on why this is so.
What is the Red Bet?
When playing single zero roulette (European roulette) you will notice that the roulette wheel has 37 numbered slots. The numbers used in single zero roulette are 1 to 36 and the number zero.
In double zero roulette the roulette wheel has 38 numbered slots containing the numbers 1 to 36, a zero and a double zero.
On both types of roulette wheels the numbers 1 to 36 are divided into two color groups. Half the numbered slots are painted red and the other half is painted black. Zero and double zero are always pained in green.
Players are allowed to make bets on predicting whether the roulette ball will land on a number that is painted red or a number that is painted black.
Why the Red Bet is considered an Outside Bet? Seneca allegany casino shopping.
The different bets in roulette offer different payouts and probability of winning. The bets are divided into two groups of bets; high risk bets and low risk bets. The high risk bets are called inside bets and the low risk bets are called outside bets.
Inside bets are made on a single number or a small group of numbers. The probability of generating a win is very low and to compensate for the low probability these bets offer very tempting payouts.
Outside bets are player-friendly bets as they offer a low level of risk with a reasonable payout.
The red bet belongs to the outside bets group since in a single bet on the color red the player covers almost half the numbers offered for betting in roulette.
The Probability
The easiest way to explain the probability of winning the red bet is to first imagine that the roulette wheel did not have a zero or a double zero on it, and only had the numbers 1 to 36. In this scenario exactly half the numbers on the roulette wheel would have been red numbers.
If you were to make a bet on the color red under these conditions you have a chance of 50% to win the bet since the probability to win will be calculated as 18/36 = 0.5.
Sadly this is not the case and in games of single zero roulette there is one more number to contend with and in double zero roulette games there are two additional numbers that lower the odds of winning the red bet.
Therefore when playing single zero roulette games with 37 numbered slots the probability of the red bet is calculated as 18/37 = 0.4864 which gives a chance of 48.64% to win the bet.
When comparing the odds to the payout, you can see that the odds are 1.01-to-1 and the payout offered is an even-money payout of 1-to-1. As you can see the casino has a very small advantage over the player.
In the case of double zero roulette, the game is played with 38 numbered slots so the probability of winning the red bet is calculated as 18/38 = 0.4736 which gives a 47.36% chance of winning.
The payout for the red bet in double zero roulette is identical to the payout offered in single zero roulette and stand on 1-to-1. However the true odds of the bet are 1.11-to-1 so in double zero roulette the casino has a slightly bigger edge over the player than in single zero roulette.
Therefore when you are faced with the choice between playing single zero roulette and double zero roulette, it is recommended to opt for single zero roulette. Riverwind casino events calendar columbus. However that is not always possible as some casinos always offer one and not the other.
The 'En Prison' Rule
Sometimes the casino offers a roulette game with an added rule. This rule is called 'En Prison' and it literally means 'in prison' in French. This rule is only valid when making even-money bets such as the red bet.
Under this rule any player making an even-money bet can leave their bet on the table for another spin in case the roulette ball falls on zero. You basically get two spins for the price of one. This rule also lowers the house edge.
In Conclusion
The red bet provides the player with a good chance of winning at roulette. Although it does not offer a big payout, considering the amount of risk involved the payout is reasonable.
A player that focuses on making outside bets such as the red bet, have a better chance of making their bankroll last longer and therefore will be able to play roulette for longer.
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Read moreWe include the Triple Martingale System here, but with a huge health warning. This is a very risky strategy, and you should treat this system with 'kid gloves'. Be very careful. If you are more risk averse (or should we say sensible), there are plenty of other low risk roulette system options out there to try, like the 2 Up 2 Down strategy, for example
This is an even more aggressive system than the Martingale (which is in itself risky) and even the Super Martingale.
Many people play the even money outside bets on the Martingale- and that's because you are better off covering a larger % of the table if you are playing riskier systems- it's just common sense.
In the Triple Martingale, you are going ot be covering even more of the table, playing the columns or dozens typically (although you can play it on the even money bets).
Just like the Martingale, you increase your bets after a loss to try and claw back losses (it's a negative roulette progression), but you increase them at a faster rate.
In the Martingale you use the following betting profile: 1, 2, 4, 8, 16, 32, 64, 128. You double your bet after a win.
In the Triple Martingale, you triple your bet after a loss, so the progression goes:
1, 3, 9, 27, 81, 243.
It's pretty clear that this is a steep curve- bets ramp up quickly (and all to claw back losses) so this is not for the risk averse.
To counteract this aggressive profile, you will be covering more of the table, so instead of covering half of the table as you typically would in the Martingale, you are going to be betting on 24 numbers (say 2 out of 3 columns or 2 out of the 3 dozens bets). You decide how you are going to cover 24 numbers, just make sure that you don't overlap and you are betting on just under two thirds of the area on the wheel.
Hopefully, this is going to mean that you will expereince smaller sequences of consecutive losses. Of course, this is roulette, so you might be really unlucky and hit the table limits after a sequence of losses. This system is also known as the Cubic Martingale for obvious reasons.
If one of your numbers comes in, you'll be paid out 2:1 So say you bet 1 on each column (total 2), you'd get £2 back, plus your winning bet- £3, in other words. So you would make a profit of 1 on a £2 investment.
Lets say you lost. You'd be £2 down. In the next round, you bet £3 on each dozen (for example). If you win at this stage, you would get £6 back, plus your winning bet- so £9. So you would have made a profit of £3 on the second spin (remember, you have lost £3 on the losing column). Overall, again, you would be £1 up when you take in to account the £2 you lost in the first round.
And so on…….
You can also use the Triple Martingale on the even money chances of course, but we would advise against this. There is a possibility of you hitting the table limits playing the standard Martingale- there is a very strong possibilty that you would hit them playing the Triple.
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A billionaire lost a fortune playing roulette
A billionaire lost 2 million British Pounds playing roulette. The sad thing is not even the sum that won't probably beggar the Swiss national, but the fact that he is a hard gambling addict. The Ritz Club is suing Safa Abdulla Al-Geabury .. Read more
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Chicago needs new revenue, so the city government decided to open a city-owned casino. The money that the casino will be making will be kept by the city for seven years to pay out pensions. The legislation that has been introduced in the Illinois .. Read more
Read moreWe include the Triple Martingale System here, but with a huge health warning. This is a very risky strategy, and you should treat this system with 'kid gloves'. Be very careful. If you are more risk averse (or should we say sensible), there are plenty of other low risk roulette system options out there to try, like the 2 Up 2 Down strategy, for example
This is an even more aggressive system than the Martingale (which is in itself risky) and even the Super Martingale.
Many people play the even money outside bets on the Martingale- and that's because you are better off covering a larger % of the table if you are playing riskier systems- it's just common sense.
In the Triple Martingale, you are going ot be covering even more of the table, playing the columns or dozens typically (although you can play it on the even money bets).
Just like the Martingale, you increase your bets after a loss to try and claw back losses (it's a negative roulette progression), but you increase them at a faster rate.
In the Martingale you use the following betting profile: 1, 2, 4, 8, 16, 32, 64, 128. You double your bet after a win.
In the Triple Martingale, you triple your bet after a loss, so the progression goes:
1, 3, 9, 27, 81, 243.
It's pretty clear that this is a steep curve- bets ramp up quickly (and all to claw back losses) so this is not for the risk averse.
To counteract this aggressive profile, you will be covering more of the table, so instead of covering half of the table as you typically would in the Martingale, you are going to be betting on 24 numbers (say 2 out of 3 columns or 2 out of the 3 dozens bets). You decide how you are going to cover 24 numbers, just make sure that you don't overlap and you are betting on just under two thirds of the area on the wheel.
Hopefully, this is going to mean that you will expereince smaller sequences of consecutive losses. Of course, this is roulette, so you might be really unlucky and hit the table limits after a sequence of losses. This system is also known as the Cubic Martingale for obvious reasons.
If one of your numbers comes in, you'll be paid out 2:1 So say you bet 1 on each column (total 2), you'd get £2 back, plus your winning bet- £3, in other words. So you would make a profit of 1 on a £2 investment.
Lets say you lost. You'd be £2 down. In the next round, you bet £3 on each dozen (for example). If you win at this stage, you would get £6 back, plus your winning bet- so £9. So you would have made a profit of £3 on the second spin (remember, you have lost £3 on the losing column). Overall, again, you would be £1 up when you take in to account the £2 you lost in the first round.
And so on…….
You can also use the Triple Martingale on the even money chances of course, but we would advise against this. There is a possibility of you hitting the table limits playing the standard Martingale- there is a very strong possibilty that you would hit them playing the Triple.
If you do want to increase risk, you can also play roulette street bets. 8 street bets gives you a coverage of just under 2/3 of the table of course, the same coverage as 2 columns or 2 dozens bets. So you could bet 7 as a halfway house between playing 2 dozens and the even money bets like red or black.
Wave Bet Roulette
We'd advise you to stick with the 2/3 coverage (or just under- remember there is a zero).
As with the Martingale, another way that you can hedge against hitting the table limits and thus being unable to claw back losses, is to start your progression off low and give yourself ample room to soak up consecutive losses. Of course, then it takes a while to grind out a profit, so it's a balance. The higher the table limits, the more aggressive you can be at the start (but the riskier the system).
Low Risk Roulette Bets Against
It is still a possibility that the ball will land 6 times consecutively in the 35% of the table you have not covered. Another reason to keep your sessions short, and bet as if you had an uncomfortable seat. The longer you spend at the table, the more likely you are of seeing one of those dreaded runs of consecutive losses. Try and avoid them.