Calculating Roulette House Edge

[jannie]

Take a look at this info on roulette house edge. I found it really helpful.

You can calculate the roulette house edge to play the game online by subtracting the theoretical payment without the house edge from the actual payoff that is publicized in the casino. Multiply this figure with the mathematical probability of gaining your bet. Multiply the sum further by 100 to arrive at the percentage house edge.

For instance, in American Roulette there are 38 pockets on the wheel (36 numbers and 2 zero pockets). If the casino payoff is 1:35, the probability of your winning is 1:37. Thus, we calculate the house edge as: [37/1 - 35/1] x 1/38 x 100 = 5.263%.

If this is the case with European Roulette, there are 37 pockets on the wheel (36 numbers and a zero pocket). If the casino payoff is 1:35, the probability of you winning is 1:36. The house edge is calculated as: [36/1 - 35/1] x 1/37 x 100 = 2.703%.

The above analysis is a pointer to always go for European Roulette unless you especially like wagering on the 00 pocket.

The house in roulette has the same edge on all other kinds of bets, because the payouts are set as if the zero square(s) did not exist. The only exclusion are the 5 numbers bet where the house edge is substantially greater (7.89% on the American wheel) and the 'even money' bets in some of the European roulette games, where it is halved because half the stake is lost when a zero comes up.

[KasinoKing]

Another pointless post there Jannie - trying to teach your grandmother how to suck eggs?
We're mostly seasoned gamblers here you know, and we all know how roulette house edge is calculated!

Look, I know darned well that you're only posting this drivel so you can get your links in your signature, but it just wont wash. Posters are allowed links, but only if they take active participation in the forum. Join in - tell us something interesting or informative (apart from the basic rules to casino games which we already know) and everything will be hunky-dory.

I'm removing your links again and giving you one last chance. If you put the links back without getting my permission first you will be banned.
I think that's more than fair, don't you?

KK

[Andy]

It is very very weird, i have no idea what they think they are adding? There are lots and lots of ways to take part in the forum, just do an offer that someone else has posted and say what happened to you would be better than a post on what the House Edge of Roulette is. Weird.

WAHEY = Post 1111

[mac]

maybe only contributing posts that dont clog up the forums and annoy people with their repetition should be allowed to claim.

starting to sound like a casinos t&cs now