The roulette game is purely a game of chance. Some would tend to think that there are certain methods to beat the house edge but you can never beat it, it is statistically proven. No method that has been developed will be able to erase the house edge off the roulette wheel, it will just be a waste of time and money. People will keep trying but there is no technique that will be able to rid the house edge off the roulette game.
You can, however, get the house edge down as low as 1.36%. This is possible because the European roulette wheel has a house edge of only 2.7% and the American roulette wheel has a house edge of 5.27%. Both are still pretty high odds against you, meaning you are not guaranteed to win. Hence, buying more roulette chips won’t really help much. You can however lower the house edge even lower.
Understand the house edge and you will start winning more and more!
Let us look at the house edge, which is the casino advantage over the players. The American roulette wheel has a house edge of 5.26% while the European roulette wheel has a house edge of 2.7%. The best part in the American game is that the house edge is even lower at 2.5% as compared to the European game with a house edge of 2.7%.
Understand what these odds figures mean. European roulette has a house edge of 2.7%, which means that the casino will win 2.7% of all money wagered while the casino will always win an amount equal to the money wagered. The casino will always win a profit of 2.7% on all money wagered if you place a bet on it. Let us say that there is $10 bets on the roulette table and $1 bet is on the ‘reds’ and $2 bet is on the ‘ blacks’. The odds for this bet are 50:1, which means that the casino will be winning $2.70 for every $10 bet. The same happens for the other bets except the American roulette which is the most popular and with the highest odds.
Lets look at some other bets and what affects the house edge. The even money bet at blackjack has a house edge of 2.7% (just over 6%) and this is one of the lowest house edges you can find in any casino. Betting on the odd or even numbers has a house edge of nearly 13% while betting red or black has a house edge of almost 24%. The house edge is defined as the mathematical advantage over the player. Betting on even or odd numbers has a lower edge than betting black or red.
Unfortunately the Even money bet at blackjack has some of the worst odds for a bet. 23 is almost the worst even money bet you can make, with a house edge of nearly 21%. Of course, roulette has the worst even money bet as well, but at least it has a chance of winning (at about 47.6% probability). Even money bets with a low house edge often have a higher edge than the standard even money bet in craps, which is the bet on the ‘Don’t Pass’ line.
Staying on the craps table and playing long enough, you will probably lose all of your money. Eventually, if the dice are hot enough, the shooter will hit a 7 enough to surpass your bankroll and you will lose. However, there is a possibility that you can profit for a limited time by playing short continuously.
One of the most important fundamentals of playing craps is to have a positive expectable rate of turnover. This means that, assuming you are a disciplined player, you will always be able to make a profit at the end of the day. However, most players do not have the discipline to make this happen. They should set a limit for the number of days in a row that they will play. Once that day has passed, they should quit playing and come back the next day. If they cannot do this, they should set a time limit for their play and stick to it.
If you do not have a disciplined approach, the gambling scene is filled with people who will take your money and give you no reason as to why you cannot cash it in. You will also find a number of websites that will take your money and give you no reason as to why you cannot cash it in.
So, set a limit for playing, and once that day has passed, never touch your money again. It is not like Blackjack that you can continue to play and “Poker88” because the odds are not in your favor. Cash in your winners but do not let your losing streaks discourage you from playing.