What’s exciting about roulette is that the game has different betting options to choose from. Considering to which category they fall in, these bets have the same payout rate and corresponding house advantage. However, they still have different variances of their own.
What this means for the player is that the risk and reward per bet can go higher or lower depending on the kind of wager he makes as well as the strategy he employs.
The fact that players can “customize” the level of risk and reward when playing roulette makes this game a favourite among casino goers, both online and offline.
If you are one of those roulette lovers who are looking for that strategy that perfectly fits your tolerance for risk and reward, then this post is for you.
Here, we will reveal the kind of roulette strategies you can come up based on the bet’s corresponding risk and reward.
Low Risk & Low Reward Bets
Even money bets are wagers which have the lowest variance in roulette. Basically, you’re betting if the result will be odd or even (in Even/Odd), black or red (in Black/Red), or if the number belongs to the first 18 numbers of the second (in 1-18/19-36).
The chances of winning with these bets are very high, in fact, the highest in the game. Consequently, the pay rate is the lowest – 1:1.
If you have the patience of a saint, you can use this betting system when you’re up for these types of bets. Otherwise, we can spice up the wagering simply by combining different bets.
For example, you planned on betting £10 on Odd. What’s better would be to put £5 on Odd and the rest on 1-18. There are only two possible outcome with an even money bet: you win another £10 or you lose £10. The split strategy we just mentioned, however, will give you one more outcome: you tie up with £10. This means that you haven’t necessarily won £10, you haven’t lost £10 as well.
As you can see, the risk and reward are the same in this situation, but apparently, the variance has smoothen out.
Medium Risk and Medium Reward Bets
Any roulette player would yearn for more action and thrill in the game he plays. However, he still keeps in mind never to go all out crazy and be carried away with the moment. The way to achieve this glorious mean is to go for a more risky bet like the ones included in column bets.
You can find these wagers printed in a roulette table as 1st 12 (numbers 1-12), 2nd 12 (numbers 13-24), and 3rd 12 (numbers 25-36).
Compared to even money bets, column bets have lower chance of winning at around 32.4 percent only, but has 2:1 payout.
The same strategy you can employ in this case: mix things up. Suppose you normally bet £6 on a column. How about, you break up the bet into three parts: one on either of the dozens, another on a column, and the third wither on even/odd or black/red. The risk here is a bit higher, for sure, but the chances for you to win different level of prizes is high enough to make your game more exciting.
High Risk and High Reward Bet
To amp up the fun further, why not go for the highest-risk bet in the game: the Straight-up. As you might already know, it’s a bet made on a single number. There’s only a meagre chance of winning, at 2.7 percent but the payout is mind-numbingly huge – 35:1. If you crave for that adrenaline rush but still wants to tone down the risk slightly, we have a strategy for that.
Suppose you’re eyeing to bet straight-up with £2 on number 7. One alternative would be to split the bet to two different numbers, say 7 and 10, for £1 each. Yet another way to go is make a split bet between the two numbers. Basically, it’s the same way of putting 1 unit of bet for each number. In this case, the payout is 17:1 but the chance of winning slightly increases to 5.4 percent.
When playing roulette online, always be mindful of the level of risk and reward. Choose where you’re most comfortable with and adjust accordingly if you wish to spice things up a bit.