Calculating roulette odds takes just a simple understanding of the game. When you place your bet, there are 37 spaces total on a single zero wheel, so your chances of any particular number coming up are one in 36. This means that one number always comes up, and 36 numbers do not. Start from this point and move forward through the different types of bets to calculate odds.
So much of life is dictated by odds. It really is. Have you ever bought an insurance policy? Of course you have. Well, in that transaction, the insurance company is making what amounts to a bet that the premiums you pay them over the course of time (plus of course, interest they can earn on it), will wind up exceeding the amount of money they pay out to actually cover you over the course of the policy. Will they win with you? Maybe not. But when you put everybody together, they have figured out a way to turn the numbers very much in their favor.
They do this through the calculation of odds. What are the odds of developing some catastrophic? They’ve investigated the chances. They have the actuaries. It’s all about the probability of things happening.
In the game of double zero roulette there is one bet you definitely want to stay away from. This bet is called the basket bet and covers the numbers 0, 00, 1, 2, and 3. This five number bet carries a house edge of 7.89% and has the worst odds in the game of roulette.
Roulette odds help you decide on what numbers to bet on, so that you can maximize your returns during a roulette game and get the best payout. Many gamblers are too lazy to learn the strategy behind roulette, but it certainly pays in the long run.
To calculate roulette betting odds for double-zero roulette, there are 38 numbers being used. That is 0 and 00 and 1 through 36. So if you are making a split bet on 00-roulette, your odds of winning the bet will be 36-to-2 or 18-to-1. When you win, the casino pays you 17-to-1 odds, which accounts for the house edge.