Betting on 0 or 00 Pays out at 35/1
Published on April 16th, 2017 6:53 pm EST
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In the game of roulette, betting on either 0 or 00 (if you are playing American roulette) pays out at 35/1.
If you are playing American roulette and do a "row bet", this means that you are betting on either 0 or 00. If the ball falls on either 0 or 00, you will receive a 17/1 payout. This bet doesn't exist in European roulette, as the European roulette wheel doesn't have the 00.
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It's important to note that despite the fact that the American roulette wheel has an extra number (00), the odds for both 0 and 00 are 35/1, which is the same as betting on 0 on the European roulette wheel.
This means that the odds of playing on an American roulette wheel are worse than the odds on a European roulette wheel.
For instance, if you bet on 0 on a European roulette wheel, the odds against you winning are 36/1. The expected value on a $1 bet is -$0.027 on a European roulette wheel.
If you bet on 0 or 00 on an American roulette wheel, the odds against you winning at 37/1, thanks to the addition of the extra number. This means that the expected value of betting $1 on either 0 or 00 on an American roulette wheel is -$0.053, which is significantly worse than on a European roulette wheel.
In a "row" bet on an American roulette wheel, the odds of you winning at 17/1, and the odds against you winning at 18/1. Again, this means that your expected value on a $1 "row" bet is -$0.053.
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Whether you like to bet on long shots (0 or 00) or outcomes with better odds (black or red), the house edge is the same - 5.26% house edge on an American roulette wheel and 2.7% house edge on a European roulette wheel.
In short - always choose to play on a European wheel when you get the chance.
