M
Mike_25
Guest
In roulette, all bets have a built-in house edge since there are more possible numbers on the wheel than betting options. The house edge refers to the advantage the casino has over the players through the game mechanics.
For street bets in roulette, which span 3 numbers, the house edge is:
•5.26% based on the standard 38 number European roulette wheel.
This is higher than the house edge for single number straight up bets (2.70%) but lower than split bets (5.41%) or corner bets (7.89%) which span more numbers.
The house edge calculation for street bets is:
House Edge = (Number of spaces on wheel) - (Number of spaces covered by bet) / (Number of spaces on wheel)
So for street bets:
38 number wheel - 3 numbers covered = 35 uncovered numbers
35 uncovered numbers / 38 total numbers = 0.0526
Some other notes on the house edge for street bets:
• The house edge will be lower if the roulette wheel has fewer total numbers. For example, a 32 number wheel would have a 4.69% house edge for street bets.
• Group bets that span more numbers, like corners, lines, columns, dozen, etc. will generally have a higher house edge than street bets. For example, column bets have a house edge of 5.41% on a 38 number wheel.
• The house edge can be reduced by choosing less probable numbers for your street bet, as the payout will be the same. But the overall advantage still lies with the house.
• The casino's advantage comes from the discrepancy between the number of possible outcomes and the number of betting options. More possible outcomes mean more chances of a payout with each spin.
• Over many spins of the wheel, the house edge will inevitably provide the casino with a profit from street bet wagers. The more street bets placed, the more the house edge contributes to the casino's profit.
For street bets in roulette, which span 3 numbers, the house edge is:
•5.26% based on the standard 38 number European roulette wheel.
This is higher than the house edge for single number straight up bets (2.70%) but lower than split bets (5.41%) or corner bets (7.89%) which span more numbers.
The house edge calculation for street bets is:
House Edge = (Number of spaces on wheel) - (Number of spaces covered by bet) / (Number of spaces on wheel)
So for street bets:
38 number wheel - 3 numbers covered = 35 uncovered numbers
35 uncovered numbers / 38 total numbers = 0.0526
Some other notes on the house edge for street bets:
• The house edge will be lower if the roulette wheel has fewer total numbers. For example, a 32 number wheel would have a 4.69% house edge for street bets.
• Group bets that span more numbers, like corners, lines, columns, dozen, etc. will generally have a higher house edge than street bets. For example, column bets have a house edge of 5.41% on a 38 number wheel.
• The house edge can be reduced by choosing less probable numbers for your street bet, as the payout will be the same. But the overall advantage still lies with the house.
• The casino's advantage comes from the discrepancy between the number of possible outcomes and the number of betting options. More possible outcomes mean more chances of a payout with each spin.
• Over many spins of the wheel, the house edge will inevitably provide the casino with a profit from street bet wagers. The more street bets placed, the more the house edge contributes to the casino's profit.
