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Betting on Red or Black – an Intelligent Decision? | Roulette Guide
One of the most popular bets on Online Roulette is the outside wager of either red or black. This bet gives you a decent return of evens (essentially double your stake) and the chance of a win is just less than fifty percent – so you don’t need Lottery winner luck to regularly make money. However, there’s many different betting types of bets on roulette – so is it the best bet available? In other words, does the potential return correlate sufficiently with the probability.
The House Edge – Do the Figures Stack Up?
One of the easiest ways to measure this is to look at the house edge. This is the advantage that the casino holds over the player with each of their games – on some games, such as slot machines, this edge can be considerable, but on roulette it’s typically low.
Read more about Red or Black Roulette Odds
With Red or Black Bets, the house or casino does have a slightly statistical edge as you would expect. However, it’s considerably lower than on some other types of Online Roulette bets that you can place.
The house edge for outside bets, such as red or black, is the same as for straight bets – for example a wager of 33 black at odds of 35/1. In fact, with online roulette the only bet to definitely avoid is the first five numbers as the house edge is higher – 7.89% on American roulette
Of course a result that those betting on red or black dread is the green zero. But there is a way to negate this risk. Firstly, by playing on European Roulette instead of American Roulette. This halves the house edge as there is only one green zero instead of two.
Secondly, playing on a roulette game which has ‘La Partage’ feature. This provides the player with a refund of half their stake if a green zero result appears and they have bet on red or black.
On balance, a bet on red or black, from a statistical viewpoint is a good choice. There isn’t a better bet to place on online roulette and the potential return contrasted to the risk is very respectable particularly when compared to other casino games
Online Roulette Tip – When Betting on Red or Black, use a La Partage European Game as this increases your chances of winning by reducing the house edge considerably compared to American Roulette. Find out more about this in our Online Roulette Guide – La Partage