We gamble from time to time. We take chances during certain moments in our daily lives, and oftentimes, we aren’t even aware of it. We do so when making decisions where we have no way of weighing the advantages and consequences of our choices. Indeed, gambling is just another mundane part of our lives. However, some people take it a little further, transforming it into a form of entertainment and not just a product of human instinct.
People carry out entertaining gambling activities practically anywhere. It could be at home, at an empty office table, or even at a park bench. For the bigger games played with bigger stakes however, gamblers head down to the casinos.
The Casino Game Roulette
Casinos, being the large, sprawling gambling establishments they generally are, offer plenty of games of chance for their patrons’ pleasure. One of these games is roulette, one of the most popular gambling activities in these casinos. It has earned its fame through its simplistic design and the high odds of winning it offers its bettors.
Roulette’s “winnability” lies on the fact that it allows players to wager on even money bets. Even money refers to bets that have fifty-fifty chances of winning, although this is not technically true in roulette. Such bets in the game can have around 45% to 47% chances of winning. On the other hand, one can also place one’s bet on individual roulette numbers, which in turn rewards winning players with 35 chips to one.
Single or Even Money Bets
Gamblers, especially roulette novices, often find themselves having a hard time choosing between outside and inside bets, specifically even money and single number wagers respectively. Now that begs the question: Which is better, betting on single roulette numbers or wagering on outside bets? Let’s first analyze both wager’s pros and cons.
First, let’s deal with single numbers. The advantage from such bets is the very high payout it can give the player. Again, that’s 35 chips to one. Say, if you wagered $10 on 5-Red, you’ll be rewarded with $350 when lucky. That you should be very lucky is the single big disadvantage of this bet however. Single number bets have one to 37 chances of winning, and such a bet coming up in a spin can be very rare.
Even money bets meanwhile pay very, very poorly at no more than twice the winning bet. This is its sole disadvantage. The advantage however is that even money bets can win a lot more frequently than single bets, or any other roulette wagers for that matter. Its 45% to 47% winning probability is not something that should be underestimated, as it has made rich people out of many poor and middle class gamblers throughout the course of roulette’s existence.
Single bets are fine wagers that reward its bettors well, but arguably, even money bets are a lot better in terms of winnability. Even experienced gamblers will often advice everyone to bet on one, as the frequency of winning will always be better than a rare, large win.