The Types of Roulette Bets, Roulette Odds and Chip Placement This is for a few reasons, but mainly because the payouts are much higher on inside bets.
Usually you can bet much higher on outside bets. There are different betting limits for each type of bet. The two main types of bets are “inside” and “outside”. So if the house edge is 2.7% and you bet $1, you can expect to lose $0.027. The house edge is the advantage the casino has over players.1:1 payout means you receive 1 chip PLUS your original bet 5:1 payout means you receive 5 chips PLUS your original bet.European Roulette Odds (Chance of Winning)Īmerican Roulette Odds (Chance of Winning)
