This question is a bit tricky. There are a lot of variables that affect how much you will pay every time; not everyone knows what they are doing and how to calculate their odds. We’ll start with some basic math. For all you “casino game math” geeks reading this: it is easy for a professional casino (and I use that term loosely) to calculate their average payout. The casino is doing what it does very well – they have an almost infinite pool of money to draw from to make a nice profit. Therefore, they know exactly how bad it is against an average player’s odds of winning (in terms of pay, not in terms of risk). If you don’t know this yourself, then look at the following table:
Casino Payout Average Pay (per hour, not per hour) Betting odds on 5-day wager 0/200 $0.12 to 1.50% $0.25 to 1.50% 1/500 $0.08 to 1.75% $0.15 to 1.75% 2/500 $0.07 to 1.75% $0.06 to 1.75% 3/500 $0.05 to 1.75% $0.03 to 1.75% 4/500 $0.01 to 1.75% $0.01 to 1.75% 5/500 $0% to 1.00% $0.00 to 1.00% 6/500 $0.00 to 1% $0.00 to 1.00% 7/500 $0% to 1.00% $0.00 to 1% 8/500 $0.00% to 1.00% $0.00 to 1% 9/500 $0.00% to 1% $0.00 to 1% 10/500 $0% to 1.00% $0.00 to 1%
This is how casinos calculate their expected payouts. This means that they are doing a little more than just guessing and taking the average payout. They are constantly analyzing your betting history so they know how much money would be better invested in a certain number of payouts. In the case of roulette, your odds are just like your regular casino payout. So, how do casinos pay out on other odds-targets?
Casino Payout on Other Odds Targets
1-7 (7-day wager):
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