Let’s look at the variety of betting options and their roulette betting odds after familiarizing yourself with the different types of wheels. Each bet has its own probabilities and odds, and they are based on a variant of European roulette.
External bets include a larger portion of the numbers, offering a higher probability of playing roulette than internal bets, but with lower odds. Some popular outside bets include:
Betting on black or red and the odds are one of the best options in roulette. Players bet on whether a number will be red or black. If this bet wins, the payout is one-to-one, with a probability of about 48.65% on a European roulette wheel. While many may think that this bet has a 50/50 chance, hitting a 0 hole guarantees a win.
High or low bets and odds High or low bets offer the same odds and probability as betting on a red or black number. Low numbers range from 1 to 18 and high numbers range from 19 to 36. With 18 numbers, there is a 1 chance of winning and a 48.65% probability.
Column betting and column odds offer punters approximately 32.43% chance of success. The bet pays out 2:1 if the ball hits on any of these twenty results. Typically, betting columns are located at the far right of the handle board and are usually labeled “2 to 1”.
Dozen bets and odds: the twelve numbers on the board make up the dozen bets that are shown as “1st 12”, “2nd 12” and “3rd 12” above the “even money” bets. With a 32.43% probability, the payout is 2:1 if the ball hits one of these twelve numbers. Because its results are numerical, this bet is different from column bets.
Inside bets and odds: Inside bets involve fewer numbers or a single number, resulting in lower probability but higher odds. Here are some inside bets and their possibilities for online roulette.
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