Roulette Payout Calculator

Igamingnuts; United Kingdom; On-site; GBP 60,000 - 80,000; Full time

Job description

The iGamingNuts free online roulette payout calculator is the perfect tool for UK roulette players.It works out roulette odds, returns and payouts in an instant so you can become a better roulette player.

Benefits of using Roulette Payout Calculator

Whether you’re a newbie looking for roulette tips for beginners or a regular player, the roulette calculator can help you. Here’s how:

• Improve Knowledge: Increased knowledge makes you a better player and helps you make more informed decisions at the roulette table.
• Game Choice: Testing out different variations enables you to see the real-life difference in house edge, odds and roulette payouts between each.
• Bet Options: Trying out different roulette bets helps you understand the game more and the range of low risk and high risk bets available.
• Bankroll Management: The roulette calculator gives you all the data you need to set your bet level based on expected returns and payouts so you can comfortably play within you budget.
• Personalised Settings: The calculator responds to the filters you select, so you get to choose the bet types and sizes that you want to play, it’s adaptable to your needs.
• Confidence Building: Being able to play roulette already knowing the range of bets, the odds for each, your expected return and payout makes you a more confident player.

How the Roulette Calculator works

Before we go into how to use the calculator, there is an expectation that if you’re reading this, you already know how to play roulette on a basic level. If not, please check out our guide on how to play roulette first.

Now, when it comes to using the roulette payout calculator, it couldn’t be easier. It’s simply a case of choosing the bet options you want and then letting the calculator do the maths. Let’s go through it step-by-step:

The first option is to choose between European or American Roulette. It is essential that you choose one or the other as this has a significant impact on roulette odds.

European Roulette, broadly speaking, is better for the player as it only contains one ‘0’ on the roulette wheel. American Roulette contains both ‘0’ and ‘00’ meaning there are more pockets for the ball to fall in. The extra zero on the American Roulette table increases house edge and lowers the players expected value from each bet as follows:

Bet

Bet type

Amount

GBP

Odds

Odds of winning

Odds of winning (%)

Return

Payout

GBP

Expected return

GBP

The roulette calculator will offer you a drop-down menu of all the main roulette bets you can place. There are 17 bet options to choose from covering all the key bets such as:

• Single number
• Selected numbers – Split, Street, Corner, Double Street, Columns and Thirds

Simply select the option that you want the roulette payout calculator to work out. The type of bet you choose determines the roulette payout ratio. The more specific bets give a higher payout than those covering more numbers (see table below). The beauty of the free roulette calculator is that you can use it over and over again choosing different bets for comparison.

The bet amount on the free online roulette calculator is an open field, meaning you can just type in the bet size of your choice. The beauty of this iconic casino game is that you can easily find both low stakes roulette and high stakes roulette in most online casinos. That means that bet limits in real money roulette stretch from as low as 1p to as high as £20,000 per spin.

On the roulette calculator, just select the bet amount you’re most comfortable with or play about with different sizes. It will help you to determine the risk associated with each bet, the expected loss and the potential payout so it’s ideal for working out your overall roulette bankroll.

Once you have made your three selections – roulette type, roulette bet and roulette stake – the calculator will do the work.

The roulette odds field in the calculator is shown in two ways:

• Odds of Winning
• Odds of Winning (%)

The first field shows you the actual odds while the second one shows the odds as a percentage. They are both the same odds just displayed in different forms.

The stake level you set will not affect the odds in any way. The roulette odds are calculated purely on the roulette type and the roulette bet you choose as this determines your mathematical chance of winning.

The final section of the roulette payout calculator displays the overall outcome from the bet choices you have selected. The two fields are as follows:

Payout – This is the actual roulette payout amount you will receive from a winning bet. It includes the win amount and the initial stake. For example, if you place a winning £10 bet on red, you will receive £10 back so the total payout is £20.

Expected Return – This is a statistical representation of what you would be expected to win or lose on each of these bets if you placed them over and over again. Remember, every casino game has a built in house edge, so bets automatically come with a negative expected value over a long period of time.

Roulette Bets and Payouts

Now we’ve covered how to use the free online roulette calculator, let’s briefly summarise the different types of bets, the level of risk and the payout ratio.

Bet Type

Payout

Straight (Single Number) Inside Bet High Risk 35:1

Split (Two Numbers) Inside Bet High Risk 17:1

Street (Three Numbers) Inside Bet High Risk 11:1

Corner (Four Numbers) Inside Bet High Risk 8:1

Double Street (Six Numbers) Inside Bet High Risk 5:1

Column or Third (12 Numbers) Outside Bet Medium Risk 2:1

Red/Black, High/Low, Odd/Even (12 Numbers) Outside Bet Low Risk 1:1

Feel free to test out these bets in the roulette calculator, try out different scenarios and find the risk level that most suits you.

The roulette odds presented in the calculator are simply a mathematical formula based on the probability of winning. If we take the example of betting on one number on a European Roulette game, that means we have a one in 37 chance of winning.

If we divide the number of winning scenarios (1) by the total number of outcomes (37) then we get our probability of winning (0.027). If we multiply that by 100 we get our percentage odds (2.7%).

If we do the same for betting on a column of 12 numbers:

That means we have a 2.7% chance of winning when we bet on a single number and a 32.43% chance of winning when we bet on a column. Of course, you don’t need to do the maths, as the roulette payout calculator already does that for you.

When it comes to roulette house edge, there is a common misconception that betting on an evens bet such as red/black or odd/even gives a 50/50 chance of winning. However, this is inaccurate.

If we apply the above formula, then betting on red covers 18 numbers on the board:

Betting on red, therefore, gives a 48.65% chance of winning, not 50%. Meanwhile the casino has a 51.35% chance of winning as it could land on black or the green ‘0’.

The difference between these two numbers (51.35% and 48.65%) is 2.70% which is the House Edge for European Roulette.

If we then apply the same mathematics to American Roulette, where there is a higher number of outcomes (38) with the double zero:

The player has a 47.37% chance of winning and the casino has a 52.63% chance of winning. The difference between these two numbers is 5.26% which is the house edge for American Roulette.

You can see both of these scenarios within the roulette payout calculator and it is all calculated for you so you don’t have to worry about it.

The Roulette Calculator works out all of the odds, expected return and payouts so you don’t have to do any of the maths! Just select your chosen bets and the let the free roulette calculator do the work.

Using the Roulette Calculator to Develop Strategy

The game of roulette has been around for centuries, it is no wonder that so many claim to have developed a guaranteed winning roulette strategy. Of course, this isn’t the case, otherwise casinos would have stopped offering the game a long time ago.

There are, however, some roulette strategies that can help you manage bankroll, optimise winning runs, limit your losses and provide structure to your game. If you’d like to know more, we have a whole guide on roulette strategies that might interest you.

If you’d rather form your own strategy, then experimenting with the roulette calculator can help you to:

• Find the roulette variation you want to play
• Decide between high risk and low risk bets or a mixture of both
• Base your strategy on odds and statistics rather than lucky numbers

The roulette payout calculator is a completely cost-free tool for roulette players to use and experiment to find the strategy for you. It costs you nothing but can improve your gaming experience considerably.

Where to Practice your Roulette Skills

Once you’ve mastered how to use the calculator, you can put your skills to the test, with our range of free roulette games .

These free demo roulette games are totally risk-free, you don’t need to download anything or pay any deposits. You simply select the free roulette game of your choice, verify your age (a UKGC requirement) and then play.

This is the perfect way to combine all the information you’ve learned from the roulette payout calculator and see them in practice. Plus, the free roulette games on offer are all from quality games providers so you’ll get a great gaming experience.

If you then decide you want to play roulette for real money, then you can do so with the knowledge and experience you’ve picked up from the roulette calculator and free roulette demos.

FAQ

Why should I use a free online roulette calculator?

The roulette calculator is an excellent tool to help improve roulette skills and knowledge. You can test out different variations, bet types and stake sizes and see how they impact odds, payouts and probability of winning.

Where can I play free roulette online?

iGamingNuts has a large selection of free roulette games that can be played with zero risk, zero deposit and zero download. Just select a free roulette game, verify your age and play it.

Which bets give the highest roulette payouts?

Inside bets such as a straight, split, street or corner give the highest payouts in roulette.

How can I work out roulette odds?

Roulette odds can be calculated by dividing the number of winning scenarios by the total number of outcomes. For example 1/37 when placing a bet on a single number in European Roulette. Alternatively the roulette payout calculator does all the work for you.

What is the difference between European and American roulette?

European Roulette has 37 pockets made up of numbers 1 – 36 with a single zero. American Roulette has 38 pockets made up of numbers 1 – 36 with a single zero and a double zero.

What is the house edge in roulette?

American Roulette has a bigger house edge of 5.26% as opposed to European Roulette with a 2.7% house edge.

What is the best roulette strategy?

The roulette payout calculator is a great way to test out roulette bets and create your own roulette strategy. Alternatively you can use an established one such as Martingale Strategy, Paroli Strategy or D’Alembert System. The best roulette strategy for you depends on your own individual playing style and bankroll.

Comments to Roulette Payout Calculator (1)

Just gave this a go before a cheeky spin on European roulette — dead useful! Saved me faffing about trying to work out the odds myself.