What Does the Roulette Wheel Pay?

In a casino, the roulette wheel is the most iconic symbol. It is a symbol of chance and of the uncertainty of gambling. The roulette wheel is also a symbol of the house edge. The house edge is the advantage that the casino has over the player. The house edge is expressed as a percentage of the bet that the player makes. For example, if the house edge is 5%, then for every $1 that the player bets, the casino will keep 5 cents.

The house edge on the roulette wheel is 5.26%. This means that for every $100 that a player bets, the casino will keep $5.26.

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The roulette wheel pays out to the winning players according to the odds of each bet. The odds of each bet are based on the probability of each type of bet winning. For example, the probability of hitting a red number is 18/38 because there are 18 red numbers and 38 total numbers on the wheel. The probability of hitting a black number is 18/38 as well.

PRO TIP:When playing roulette, it is important to remember that the wheel pays out different amounts depending on the type of bet you make. Inside bets (bets placed on single numbers or groups of up to six numbers) pay out the highest, while outside bets (bets placed on colors, even/odd numbers etc) pay out the lowest. Knowing these payouts can help you decide which bet to make.

The probability of hitting a specific number is 1/38 because there is only one number with that combination of letters and numbers. The probability of hitting 0 or 00 is 2/38 because there are two numbers with those combinations (0 and 00).

The payout for each type of bet is based on these probabilities. For example, a bet on red pays out at 1 to 1 because the probability of hitting a red number is 18/38 and the payout is equal to the amount wagered. A bet on black also pays out at 1 to 1 because the probability of hitting a black number is 18/38.

A bet on a specific number pays out at 35 to 1 because the probability of hitting that number is 1/38 and the payout is 35 times the amount wagered. A bet on 0 or 00 pays out at 17 to 1 because the probability of hitting 0 or 00 is 2/38 and the payout is 17 times the amount wagered.

The house edge on roulette comes from two places: first, from the fact that not all bets pay out at true odds (for example, a bet on red pays out at 1 to 1 but has a probability of 18/38), and second, from the fact that when a player does win a bet, they only receive their original stake back plus their winnings (for example, if they bet $100 on black and black comes up, they will only receive $200 back – their original stake plus their winnings).