The House Edge - Online Roulette
Today, most casinos offer odds of either 34 for 1 or 35 for 1 on roulette, in the past the odds have been as low as 27 for 1. This basically means that if you bet $1 and you win then you will win either $34 or $35 and get to keep your original $1. It is important to remember that this is the case for a single number bet in a game of online roulette. The odds alter slightly with the different bets that can be placed and the pay-rates alter depending on the odds of any one bet.
The house edge can also be called the house average or the expected value. It is the amount a player loses on average. The green squares on the online roulette wheel are the only house edge in a game of roulette. In American roulette there is both the ‘0’ and the ‘00’ so the house has a greater advantage than in European roulette where there is just the one ‘0’. The house edge is halved when placing an even money bet on a game of European roulette as only half of a players stake is lost if the ‘0’ comes up. It is also important to remember placing a five number bet on a game of American online roulette the house edge is much higher.
It is important to be aware of the odds, house edge and pay-out rates when playing any game in an online casino. Check the fine print or the rules of the online casino in which you are playing online roulette as the game can vary slightly from online casino to online casino. Find a reputable online casino in which to play online roulette and enjoy this thrilling game of pure chance.