Casino players know that the gambling is all about odds. The Roulette online game is no different. You can greatly influence your online casino Roulette game if you understand these odds well.
Knowing the probability of winning in a game can increase chances of a win. Players can also use these to minimise their losses.
But the two terms are often confusing. Sometimes, online Roulette players consider the terms odds and probabilities as same. It is important to understand the differences!
Probability in Online Casino Roulette
Generally, probability means the chances of a particular event occurring. But Probability has a different meaning in casino games. It refers to the likelihood of a number coming up. In Roulette, each number has an equal probability of turning up. So, in European Roulette, the probability would be 1/37.
This can be used to calculate the probability of winning. For example, the probability of winning a straight up bet on a single number is 2.7%. The Probability of winning on a corner bet is 10.81%.
In even money bets, the probability will increase. Players often make the mistake of thinking that chances of winning or losing are same in even money bets. But this is not so! The single zero pocket gives the casino an edge over the players. The chances of winning in red/black or even money bets is a high 48.64%!
Odds in Online Casino Roulette –Different From Probability!
Players often think that the two terms are same. But they are very different. Odds refers to the likelihood that a specific outcome occurs compared to it not occurring.
Consider the case of a straight up bet. There is 1 chance to win and 36 ways to lose. So, the odds of winning are 1:36. The odds of winning with even money bet are 18:19.
But these are ‘true odds’.
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