Understanding the risks involve when it comes to house advantages or edges is crucial for any gambler. Simply put, house advantages are the primary source of income for the casino in most casino games. In most cases, house advantages rarely become an issue when it comes to payout rates, but that does not mean that it does not have the potential of consuming the total payout of the player.
While the American Roulette has similar features compared to the European version, there are key factors which players should know before playing the game.
Learning the basics of the house advantage is important in playing smart when it comes to the various betting styles and how it can affect the payout. Most players would say that the house edge has little effect on the outcome but is it?
Straight up betting
In the European Roulette version, a particular player can win a 35x winning in 1 out of 37 rolls while losing 1x of the bet in 36 out 37 rolls. Computing for the European house edge will have the equation of 35* (1/37) =0.946 and -1* (36/37) = -0.973 for the value lost. Adding the results will show a -0.0270 total loss of the value or 2.7 percent. A player will have to contribute 2.7 percent to the house edge for every payout in a straight up betting strategy.
Making Corner Bets
In this other wagering strategy, the bet will win the player 8x of the total winning with a 4 out of 37 ratios while the losing bet will have 1x of the total winning with a 36 out of 37 ratios. Using the same equation in computing for the house advantage, it will give the same result of 2.7 percent. Using this in any betting strategy will always give the same outcome of 2.7 percent for the house edge which answers the question whether there are different results when changing betting styles.
That is one of many cool features when it comes to playing European Roulette because no matter how the player switches up the betting style, the house advantage will always have the result which is 2.7 percent. This just shows that the potential risks of losing everything to the house edge are not right. The reward ratio will automatically give the player the same winning rate in every bet. The main benefit of understanding this fundamental can let the player explore so many betting strategies without worrying about the negative ratio outcomes when making a gamble even on the overall house edge.