Understanding Roulette Payouts
Have you ever wondered how roulette payouts work? Well, the time to stop wondering and start understanding is upon you. Payouts are calculated in the context of a simple formula that will make it easy for you to understand roulette payouts better. But even better, we have a dedicated calculator to sort these things for you. But what are payouts? Here are a few examples:
- Payout of 35:1 means that you have a 2.70% chance to win when playing European Roulette. The payout is 35 units for each unit you bet (because of the bet’s chance to succeed which is clearly low)
- A red/black wager has a 1:1 payout and 48.60% chance to hit, which means you have an almost 50% chance to win and for each unit you bet, you get one unit of wins back.
Let’s Calculate Roulette Payouts
So, the formula for calculating payouts is actually very simple. It’s basically “X:1” The 1 here stands for the amount you bet – your stake. The X is the payout of the type of bet you are placing. A straight bet has a 35:1 chance. In other words, you get 35 units back for each 1 unit you bet. Here’s how this looks:
- 35:1 means that if you bet AU$5 you will get back AU$175. Why, because you just wagered 5 units on a payout that rewards 35 units for each unit. It’s that simple, really! You also get your original AU$5 wager back.
- 1:1 means that you will be betting one unit to win one unit, which means that if you were to bet AU$50, you will win AU$50, but a total of AU$100 as you also collect back your original bet. Simple, right?
Once again, the left number just represents the payout each bet type has. The right number is the amount you wagered. When you multiply them, you get the potential win you stand to benefit from.
Payout = Stake amount * Payout ratio + Stake amount
The total payout made to a player in a single round is equal to the sum of the payouts of all his bets in that round. For example, if the player places two bets that pay 35:1 - 2:1 and wins, the payout sum of both bets will be considered the total payout value in that round.
Payouts = Payout1 + Payout2 + .. + Payoutn
Payout1-payoutn are winnings of separate bets
- Your bet is 100 on red and 5 on corner (4,5,7,8)
- Your winning number is 5, so both of your bets won
- Your payout = 100*1+100 + 5*8+5 = 245
Use a Roulette Calculator
If you want to have an easy way of doing these calculators in a semi-autonomous way, we recommend using the calculator tool we have featured on our page here to help you sort out your payouts.
These are both considered straight bets and they have the same payout potential – 35:1 in both European and American roulette.
To figure out the potential payout, just use the appropriate formula as advised. If the payout is listed as 11:1 just multiply your stake by 11.
Yes, they actually are when it comes to the bet types. The only difference that you need to be mindful of here is the fact that the American version has a basket bet which runs with a 6:1 payout.
The highest payouts come from the less likely wagers. This means that you get the best out of straight, split, street, corner and line, and their respective payouts for each are 35:1, 17:1, 11:1, 8:1 and not least, 5:1.
The game is not designed to have limits – a potential payout could be any winning bet multiplied by 35 and the amount that you have wagered. However, most casinos do have limits on how much you can bet on a single round.
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