Roulette Winnings

One of the smartest and more conservative methods for betting on Red, Black, High, Low, Even, Odd. Is this the way to beat roulette? Will you win big?. Using a betting system is considered an advantage, but it's proven that there's no foolproof winning roulette strategy. What is the best bet in roulette? To answer with a dose of humour, we'd say the best bet is the one that wins. However, in roulette, which bet wins depends on pure chance.

How can I increase my chances of winning roulette? For a better chance of winning, stick to outside bets. Though they payout less, outside bets have far better odds of winning than inside bets. The website is operated Roulette Winnings Taxes and managed by EveryMatrix Ltd., a company bearing registration number C44411, and having its registered address at Level 5, Suite 1A, Portomaso Business Tower, Vjal Portomaso, St. Julians, STJ 4012, Malta and by EveryMatrix N.V., a limited liability company incorporated under the laws Roulette Winnings Taxes of Curacao, bearing company.

Nobody likes risk, unless you are seeking a thrill. Certainly when it comes to money, we all want to minimize risk. Hence why you are searching for a sure win roulette system.

I’m going to tell you how it is, which is not necessarily what you want to hear. The truth isn’t always convenient. Any website that tells you roulette can be beaten 100% of the time is “not being honest”. You probably guessed I’m not going to say roulette can be beaten every time. That isn’t exactly the case. There’s a lot more to the story as I will explain on this page.

Does a 100% Guaranteed Roulette System Exist?

The simple answer is yes in some cases, but no in most cases. It’s a technical question. It depends on many variables.

The first thing to understand is roulette is not the same between different casinos. The type of roulette is the first consideration.

For example, there’s random number generator roulette, which doesn’t use any physical wheel. The winning numbers are determined by a random number generator. So essentially it is a slot machine, the real roulette wheel.

In other cases, the roulette wheel may be physically real, but spun by automated mechanisms. An example of this is the Cammegh Slingshot.

The roulette you usually encounter in real casinos involves a real physical wheel, and a live dealer. What can be achieved on each type of roulette is discussed below.

Random Number Generator Roulette

Remember this isn’t real roulette. It is just a slot machine with fancy roulette animations. The reason you generally lose on slot machines is because of the discrepancy between odds and payout. This is otherwise known as the house edge.

The typical example I use to explain the house edge is as follows: on the European wheel there are 37 pockets. So the odds of winning on a single pocket is 1 in 37. However, the payout is 35 to 1. This payout is below the odds, therefore it’s unfair. Essentially even when you win, you still lose because the payout is unfair. This is how the casino gradually erodes your bankroll.

To profit consistently, you must win more frequently than with random bets. Another way of saying it is you need to increase the accuracy of predictions. Yet another way of saying it is you need to increase your odds.

Random number generators are specifically designed to produce random outcomes. They are designed to be unpredictable. So if your system is something like “wait for 5 reds nn a row, then bet black”, you are going to lose. It doesn’t matter what patterns you think you see, it’s just your mind playing tricks.

So is there any sure or guaranteed way of beating RNG roulette? Yes, but only if the software that generates random numbers is flawed. This may be a result of poor design. You would think that significant flaws only occur with low-grade software, from smaller companies. But there have been cases of enormous multi-billion-dollar companies that released flawed random number generator software in slot machines. This was exploited by Russian hackers, who made a fortune in a short amount of time. The problem still exists with some of the slot machines, although they may have since been replaced. So this is at least proof that random number generators can be flawed and exploited.

However, it takes a great deal of statistical analysis to uncover flaws. In the case of the Russian hackers, they actually purchased the slot machines in question. This allowed them to thoroughly study the machine. If you were to apply the same statistical analysis at online casinos, you would need to spend probably tens of thousands of dollars at the casino to have enough data. And even then, there’s a very slim chance you would uncover any flaw.

Assuming the spins from random number generators are properly random, it is not possible to overcome the house edge. This means that house edge remains at -2.7% for European wheels, and -5.26% for American wheels. See gamerules.com for details on rules of other games.

Real Wheel Roulette

Real wheels are very different because they involve real physics. Instead of being random, there are numerous anomalies that make roulette spins predictable. Again this only applies to real physical wheels.

Where the ball lands on a real wheel depends on physical variables, such as the rotor and ball speeds. These can be physically measured, which in turn can predict where the ball is most likely to land. Prediction accuracy may not be perfect, but doesn’t need to be.

Even with only slightly accurate predictions, it’s quite easy to overcome the house edge. Professional roulette strategies are capable of achieving edges over 80%. This doesn’t mean you win 100% of the time though.

Let’s put it into perspective. Consider again the European wheel, which has 37 pockets. If you average 1 win every 15 spins, this is an enormous edge over the casino. But it would still be impossible to win on 100% of the spins. After all, there is always an element of luck.

Although the casino has a normal 2.7% edge over players, it’s still possible the casino loses money from time to time. After all, some players may get lucky. In fact the casino counts on this, to encourage difficulties in place to continue playing.

Understanding Statistical Variance

Roulette Winnings

Let’s assume you have a very high edge over the casino. Because anything can happen in the short term. Even with a strong edge over the casino, you may still lose. Again this is the same case for a casino, which normally has the edge over players. Even when a casino makes a loss, they know over time they’ll make back losses. Even when casinos offer bonuses, they are carefully weighted to ensure they don’t lose money. Visit casino-bonus.com to understand how bonuses work.

My point is technically it’s not 100% guaranteed that casinos will profit. This is again because anything can happen in the short term stop over the long-term, it’s extremely close to 100% guaranteed that the casino will profit. This is exactly the same case with you, as the player. That is if you have an edge of the casino.

So if you have a legitimate edge over the casino, the more you play, the closer to 100% guaranteed profits you’ll get. This is at least in theory, because we’re not considering the possibility that the casino can ban you if they suspect you of being a professional player.

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Roulette offers a bewildering number of betting options, but the bets are actually straightforward enough. In order to make sure you get the correct payout, you’ll want to make sure that you put your chips in exactly the right place on the table. Missing a payout because your chip isn’t in the right spot is a drag.

Roulette payouts are an important part of roulette strategy. They work like this. The odds are stated in the form of x to 1, which means you’ll win x dollars for every dollar you’ve bet. For example, the single number bet offers a payout of 35 to 1. If you win, you’ll get your dollar back plus the $35 for the win.

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Payouts on the Outside Bets

On the edge of the table are a series of bets which are “outside” the 38 numbers on the table. Each of these bets refers to a specific set of numbers or colors. If the ball lands on 0 or 00, you’ll lose on any of the outside bets.

The outside bets include:

Red or Black – This bet pays out even odds (1 to 1) if the ball lands on the color you chose.

Odd or Even – This bet pays out even odds (1 to 1) if the ball lands on odd or even, depending on which you chose.

Low or High – This bet pays out even money (1 to 1) if the ball lands on 1-18 if you bet low, or if the ball lands on 19-36 if you bet high.

Columns – The numbers on the layout are organized into three columns of twelve numbers each. A “columns” bet wins if the ball lands on one of the numbers in the column you chose. This bet pays out 2 to 1 when you win.

Dozens – There are 36 numbers on the table, so you can bet on the first dozen (1-12), the second dozen (13-24), or the third dozen (25-36). This bet also pays out 2 to 1.

Payouts on the Inside Bets

You can also bet on specific numbers and sets of numbers on the inside of the layout. These bets win less often, but they pay out more when you do win. The house edge on the inside bets is the same as the house edge on the outside bets.

The inside bets for roulette include:

Straight-up – This is a bet on a single number. It pays off at 35 to 1.

Split bet – This is a bet on any two adjacent numbers. You place the chip on the line between the two numbers in order to make this wager. This bet pays out at 17 to 1.

Street bet – This bet covers three numbers. You place your bet on the line outside of the three numbers in the row where you want to win. This bet pays out at 11 to 1.

Corner bet – Some people call this a square bet or a quarter bet. It’s a bet on a corner that makes a square, and it’s a bet on four numbers. A win on this type of bet pays out at 8 to 1.

Five-number bet – You can only make one five-number bet, and it’s the only inside bet that offers different odds from all the others. The problem is that it has a higher house edge, making it the worst bet on the table. This bet is on the numbers 0, 00, 1, 2, and 3, and you place the chip on the outside corner line between the 1 and the 0. This bet pays out 6 to 1, but only masochists place this bet.

Six-number bet – Some people call this a line bet. It covers two adjoining rows of numbers. It pays out at 5 to 1.

How Roulette Payouts Give the Casino an Edge

These payouts all have one thing in common—they pay out less than the true odds of hitting a win. That’s why the casino enjoys a house edge of 5.26% on roulette. Your odds of winning are always less than the payout amounts.

For example, the odds of winning a straight-up bet are 37 to 1. There are 37 numbers on the wheel that lose, and 1 bet on the wheel that will win. But the bet only pays out 35 to 1, not 37 to 1, so the house wins more often than it loses.

A split bet offers you odds of winning of 18 to 1, but it pays off at 17 to 1.

I could list all of them, but you get the idea by now. The casino has an unassailable mathematical advantage on every bet. No betting system or strategy can overcome this advantage.

Of course, in the short run, anything can (and often will) happen. This is called “standard deviation”, and it explains why some people walk away from the roulette table as winners. The mathematically true results only come around the closer you get to an infinite number of spins.

So the best way to approach roulette is as a lark. It’s a fun game. You can relax and socialize while you play. But don’t expect to win, because the odds are against you. And if you do win, walk away and smile, because you beat the odds.