Understanding the basics of Roulette PayoutsPlaying roulette is fun and easy, but a player, especially a newbie, should know the payouts as well. A little information wouldn't hurt, besides it's his money that is being wagered and hopefully it comes back in the form of a payout.
Roulette payouts are generally standardized at all casinos. Though sometimes there are some casinos or venues that would change the payouts due to special occasions or promotions. But it's still best to stick on the standard payout since the house edge is large no matter what.
The best payout for roulette comes from the inside bets, but the odds against it are a bit higher. A straight up bet pays at the maximum 31 to 1; meaning 31 times payout for one wager. For a European roulette, the odds are 37 to 1 and the American roulette at 38 to 1. A split bet has a payout of 17 to 1 while a street bet pays at 11 to 1. A corner bet has a payout at 8 to 1 and a six line bet pays at 5 to 1.
Outside bets in contrast to inside bets have lese payouts but they offer better odds than the latter. A column bet has a payout of 2 to 1 while the rest - whether it's red, black, odd, even, high or low - have a payout of 1 to 1.
Generally speaking, the payouts are dependent on the odds of hitting a win. If the odds are increased, the payout is reduced. There is really no difference in terms of getting a profit when making a bet on either of the inside or outside bets. For example, a player continuously places a straight up bet on a number; the profit he'll get from this bet will be no different if he makes an odd bet. It is a matter of how the odds will be favoring the player, or how the player will take advantage of these odds without shelling too much out of his bankroll.
There is one exception though; with American roulette a player can place a bet on the first five numbers which includes the two zeroes. By betting on these numbers the player will not lose his bet even when a zero comes up. But he should expect that the payout is not much. Actually, there isn't any difference if the player bets on another number; the odds are quite the same in any way and the payout still less.