Renegadewheel
Renegadewheel
Joined: Mar 11, 2020
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March 11th, 2020 at 7:35:14 PM permalink
I just got my tax refund and decided to gamble a little. I rarely do this, if at all, and it appears that the slogan of this forum topic holds true. My query lies with roulette.

I started with side betting being the novice that I am and figured the odds on the 3rds (1-12 ect) would yield greater chances of winning while minimizing loses. Ive also practiced online and noticed that the odds on 3rds differ. Betting $100 on one of 3rds the yields $200-300 displayed winnings. However, if i bet on the other 3rds (12-24-36) I can use it as insurance. But i am not sure of my exact winnings since the displayed winnings differ depending on where its played 2:1 vs 3:1. My total bet appears to detract from my total winnings, but the winning bet i placed does not appear to have to the same effect in mitigating loss. For example if i bet 100 100 and 75 on each of the 3rds in the same bet and the $75 bet wins, the odds for 3 different possibilities should yield 3x the winnings. So i should have $225 in total winnings. But when subtracted from my total bet there is a $50 deficit naturally.

I dont understand why the part of the bet i won is subtracted from my winnings and not the $200 I bet on the other possibilities that did not prevail. Yet, if the bets were equal you break even. Would this mean the odds are actually 2:1 and not 3, dispite three different out comes? Or is the total amount bet against my winnings being miscalculated. Forgive my diatribe, I forgot to read roulette for dummies.
ThatDonGuy
ThatDonGuy
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March 11th, 2020 at 8:01:18 PM permalink
All three of the thirds pay 2-1. If they paid 3-1, then everybody would bet on all three of them, with something on 0 and 00 "just in case," and always make a profit.
Example: bet 100 on 1-12, 100 and 13-24, and 100 on 25-36. Suppose 32 comes up; you lose 100 on each of the first two bets, but win 300 on the third, for a profit of 100.

You may be confused as to what you are counting as "winnings." If you bet 100 on 1-12 and, say, 6 comes up, you are paid 200, so there will be 300 sitting on that spot (the 100 you originally bet, plus the 200 you just won).
ksdjdj
ksdjdj
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March 11th, 2020 at 8:05:14 PM permalink
Quote: Renegadewheel

(snip)... Would this mean the odds are actually 2:1 and not 3, dispite three different out comes? ... (snip)


I don't play roulette, but I can tell you that 3/1 is wrong.
I suspect you are making a "conversion error" going from "decimal odds" to "fractional odds".

The sites below, may give better explanations of the different types of odds.

https://www.aceodds.com/bet-calculator/odds-converter.html

https://www.investopedia.com/articles/investing/042115/betting-basics-fractional-decimal-american-moneyline-odds.asp

----
Extra/update:

At the casino you are playing at, If the odds are written like this: "$3"or "3" then they are most likely displaying "decimal odds"
and if the odds are written like this: "2/1", then they are most likely displaying "fractional odds".
Last edited by: ksdjdj on Mar 11, 2020
darkoz
darkoz
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March 11th, 2020 at 8:33:55 PM permalink
It probably pays 3 FOR 1 which is the same as 2:1. (2 TO 1)
For Whom the bus tolls; The bus tolls for thee
TDVegas
TDVegas
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March 11th, 2020 at 9:03:31 PM permalink
Quote: Renegadewheel

I started with side betting being the novice that I am and figured the odds on the 3rds (1-12 ect) would yield greater chances of winning while minimizing loses. Ive also practiced online and noticed that the odds on 3rds differ. Betting $100 on one of 3rds the yields $200-300 displayed winnings.


Huh?....at what casino are they paying 3 to 1 for a “dozen” bet? It’s always 2 to 1.

Something isn’t right. Must be 3 for 1.
michael99000
michael99000
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March 11th, 2020 at 10:42:09 PM permalink
I think some online casinos try to mis-state your winnings purposely to try and make you feel as though you did better than you really did.

I play at 2 sites. And at both, if I bet $100 and get a blackjack , the words “You Win $250” appear in a big glittery bubble on my screen. Technically I only won $150.

But I guess they look at it like my original $100 was removed from my overall balance figure in the bottom corner as soon as I placed my bet.
Renegadewheel
Renegadewheel
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March 12th, 2020 at 6:50:53 PM permalink
Thank you all. I noticed when side betting 1-12 with $1 I win $2 at 1:1 odds if I'm correct. On the thirds I win 3, or at least thats what the simulator said. Now when betting100, 100, 75 on thirds and hit the last one i should be getting 225 back which exceeds the other two bets in total since i should be receiving the initial $75 bet back but instead i lose it costing me $50 which means only the 150 i won is counted. How does the successful bet count against me if its the winning bet im supossed to get back?
michael99000
michael99000
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March 12th, 2020 at 6:59:36 PM permalink
Quote: Renegadewheel

Thank you all. I noticed when side betting 1-12 with $1 I win $2 at 1:1 odds if I'm correct. On the thirds I win 3, or at least thats what the simulator said. Now when betting100, 100, 75 on thirds and hit the last one i should be getting 225 back which exceeds the other two bets in total since i should be receiving the initial $75 bet back but instead i lose it costing me $50 which means only the 150 i won is counted. How does the successful bet count against me if its the winning bet im supossed to get back?



What’s the difference between “betting 1-12” and “betting the thirds” ? By thirds do you mean columns ?

You’re using some Roullette terminology that I’ve never heard before

When you bet 100, 100, and 75 on the three columns and win the last one , you should get back 225 for a net loss of 50 on that spin. By the way, it makes no sense to bet 100, 100, and 75 on the three columns on one spin. Why not just bet 25, 25, and 0 and you’ll get the same outcome ? Unless you’re doing it to satisfy a bonus rollover
OnceDear
Administrator
OnceDear
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March 13th, 2020 at 3:11:57 AM permalink
Quote: michael99000

When you bet 100, 100, and 75 on the three columns and win the last one , you should get back 225 for a net loss of 50

Similarly if one of the 100's wins, you collect 300 for a net gain of 25
Quote:

By the way, it makes no sense to bet 100, 100, and 75 on the three columns on one spin. Why not just bet 25, 25, and 0 and you’ll get the same outcome ?

... And if green comes up, it's better to lose 50 than 275, for the same potential outcomes.(Gain 25, Gain 25, Lose 50, Lose 50 with 0)
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
ThatDonGuy
ThatDonGuy
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March 13th, 2020 at 8:18:11 AM permalink
Quote: Renegadewheel

Now when betting100, 100, 75 on thirds and hit the last one i should be getting 225 back which exceeds the other two bets in total since i should be receiving the initial $75 bet back but instead i lose it costing me $50 which means only the 150 i won is counted. How does the successful bet count against me if its the winning bet im supossed to get back?


You do get 225 back - but that includes the 75 that you bet. You only make a profit of 225 - 75 = 150 on the winning bet, and you lose 200 on the two losing bets.

Instead of betting on the thirds, bet 100 on red. If red wins, what do you "get back"?

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