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Roulette, the most famous casino game is liked and played all over the world. Any version of this extraordinary gaming product, whether land-based or live is equally exciting and thrilling with the elements of odds or what is commonly known as the winning-possibilities associated with it. These odds are exhibited on the roulette tables in the form of ratios such as 35:1, 17:1 or 8:1 and such other ratios which vary according to each type of roulette being played.
A novice player or a layman may not understand the meaning of these ratios and the relevant odds for any roulette game. It indicates the extent of winning capacity from each bet being placed in case the bet goes in favour of the player. Generally, large amount of money is won by a player if the odds ratio is bigger and vice versa for a little odds ratio. As an example, if odds ratio on a number is 35:1, it means the player will win 35 times the amount of the bet being placed in addition to the preliminary bet made by him. To illustrate in detail, suppose a player wagers $1 on the number 1 and the roulette ball hits the same number on the roulette wheel, the player will get $35 + $1= $36 in total.
No matter what amount is being wagered initially, the player will get winning amount in correspondence with the odds ratio on that particular number. So if a player wagers big amount, he will definitely get big winning amount and vice versa for smaller amounts. The odds ratios have made roulette quite an amusing and game full of excitement.
After reading all this, any player may be induced to play live roulette and dream of winning big amounts. However, the coin has other side too which must also be considered. To be frank about possibilities of winning in the game of the live roulette, chances are same as in any other land based roulette wheel game. Most of the odds are always going to be in favour of the house. And that is the secret behind earnings by the live roulette game owners. As an instance, the house has an advantage of 2.7% over the bettors in the European live roulette. To elucidate this, let’s say you lay wager for $100. Since house has an edge of 2.7%, so you are going to lose $2.7 on an average regardless of your location of wagering and the size of your bet. This is the way how an online roulette wheel works on the roulette odds.
Another well-accepted form of live roulette is American roulette which is played and admired by gamblers all across the globe. In this form of live roulette, there is an additional 00 on the roulette wheel; however it has payment odds identical to the European live roulette. The chief difference between two types of live roulette forms is that of the percentage of edge that the respective houses have over the players. In American live roulette house has a higher edge of 5.26% over the players. So if you tend to lose the wagers being laid by you, you will be losing $5.26 on an average for each wager of $100. On the contrary, chances of winning make you rich accordingly.
So this was all about roulette odds and the relevant wining potentials. Whether you prefer to play American or European live roulette, the chief factor acting behind the whole game is the luck which may sometimes favour you and at other times go in favour of the house.
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