The Odds and Expected Value of Roulette Betting Systems
The Roulette table is probably the most recognizable sights in any casino or hotel. The game is normally played by players sitting or standing around the roulette table in the casino. At the roulette table is usually a revolving wheel with the numbers 1 through 36 on the wheel. Often the wheel has a zero onto it and most American casinos will have a revolving wheel with two zero’s (0 and00) on the wheel. In European casinos, however, the wheel is replaced by a wheel, which spins counter-clockwise.
When playing roulette at the roulette table an individual places bets using money drawn from a bank or the person might use an automatic wager device. Once the player places his or her bet the ball spins around the roulette table once and again. The spin continues until someone wins or the first person finishes. After someone wins the pot another person in line gets to win.
Before, so as to place a bet at the roulette table an individual had to stand or sit at a desk and place bets by pushing a button on the machine. Today the most used way of placing a bet on roulette is through a single zero roulette wheel. Lots of the older style roulette wheels were circular and folks had to stand still to place bets. The new roulette wheel is totally round and has no sides or edges and can be moved around easily. You can also change the number of bets they have placed by pulling up a lever on the roulette machine.
The roulette wheel in a casino is split into five sections; numbers one through seven are known as the lower numbers. Betting on these numbers represents a low risk or low reward, depending on how lucky the person is. Numbers eight through twenty-one are referred to as the bigger numbers and represent an increased risk or more reward.
The amount of bets that anyone can place on the Roulette table depends on the quantity of chips that have been positioned on the betting table. A minimum of two chips should be present on the table to be able to place a bet. However, each time a person places a bet that puts a single chip on the winning side they may place yet another chip on the losing side. Anyone can win a match or draw a card by the end of a particular number of chips on the roulette wheel. No other win or draw will affect the players chips on the roulette table except for bets.
If a person were to place a complete bet on a number one chip they would have the highest potential for winning. That same complete bet would also mean the lowest chance of losing a complete bet. People who find themselves betting with a whole bet would have to wait until all of their chips were on the losing side before they might win the entire bet and walk away from the table with all their money gone. This is the reason people never desire to place a whole bet on the Roulette table.
Most Roulette betting systems have some type of control that allows a person to adjust the odds to their favor. Most control the odds by adjusting the number of bets that a person will be able to place. Some systems allows the gambler to change the sort of bets they are making. The forms of bets that a player can make will depend on their understanding of the overall game and their individual betting systems. Knowledge of the game will allow a person to make better decisions about betting and decrease the chances of losing money. Different systems have different odds with regards to the betting number.
All bets on the Roulette table are governed by the rules that are in place at the time. These are also used to look for the final payout that will be given to the winner. Whatever type of bet a person is placing there will be an expected value to it. The worthiness of the expected value depends on the type of bet that the person is placing and the odds that are in place for that particular game. For example, in case a person is betting one dollar for each bet that they make on the Roulette table, then your expected value for this bet is one dollar.