House Edge in European Roulette


European Roulette in Singapore Online Betting is not only an exciting game, but also high entertaining. There are different lessons about roulette game that can be found in online articles and one of them is European roulette has the same payout rate. However, is it that true? There are 37 numbers, including 1 to 36 and 0 on the wheel of European Roulette. If 0 is called and all the bets except those placed on single number 0 will lose their wagers. It creates a house edge of 2.7%. In other words, players can expect to win $97.3 for every $100 they bet in the long run.

Here we have a look at the effect of house edge on Singapore Online Betting players’ decision and how house edge applied across different bets. First of all, let’s look at a corner bet. Players can win 8x payout a total of 4/37 and loses 1x bet of 33/37. It means that value of winning is 8*(4/37) equal to 0.865 while losing is only 1*(33/37) and result in 0.892. After considering both situations, players have house edge of 0.027 (2.7%) for losing.

What if players make a straight-up bet? They can win 35x payout a total 1/37 of the time, and they lose 1x bet a total of 36/37. Based on the same equation mentioned above, it means that value of winning is 35*(1/37) while losing is 1*(36/37) and result in having house edge of 0.0270 (2.7%) for losing.


All in all, based on both situations, we conclude that house advantage in Singapore Online BettingEuropean Roulette remain constant no matter how players make their bet. Therefore, risk and rewards automatically even out to offer players the same payout rate and players no need to worry about having a negative impact on the overall house edge. 

Comments

Post a Comment

Popular posts from this blog

The Three Musketeers and the Queens Diamond

Image
For the fans of the Three Musketeers story, this slot in Singapore Online Slot will be a captivating chance to enter their world and make the most of their bravery, in addition to the dangers of the adventures in the search for the Queen's precious diamonds. You will shape one group with them, and you will stand just for one, and one for all, as musketeers do. Duels anticipate you, evil cardinals will hinder, and there will be no time to delay, for the adventures go on and on. What will likewise captivate you from the first moment when you are playing this game in  Singapore Online Slot   is the gorgeousness of the designs and animations, in addition to the sound, and, normally, the bonus game. The Slot has 5 reels, 50 pay lines. The symbols are of regal splendour, velvet gloves, crowns and jewels, the Queen's Diamond, in addition to the musketeers and their duelling guns and cutlasses. The Wild is, interestingly, the WILD symbol. It will turn out just on reels numb...
Read more

Streak of Luck Slot Game – Big Win Bonus in TONY88

Image
A straightforward game, and an engaging Online Slot, a more up to date release, on offer since 2014, that is the short depiction of Streak of Luck in the website of TONY88. In this game in Malaysia Online Slot , you will discover 5 reels and 50 pay lines. What will excite you is that it has the guarantee of an opportunities for a progressive jackpot. Free spins are likewise near, prepared to be won. Scatter and dice bonuses and different choices which can boost your winning opportunities will supplement the enticements for playing the game. You can take as much time as necessary and play the simple mode, or pick the turbo mode if you are slanted to speedier gaming. In the turbo mode, the higher speed will be to the expense of a few sounds and animations which will be saved. Your objective in Streak of Luck here in  Malaysia Online Slot   will be to get winning combinations, and keep your fingers crossed while the reels are spinning. If you might want to get some ...
Read more

Nian Nian You Yu Online Slot Games

Image
Chinese New Year is coming soon, Singapore SCR888 players are looking for Asian-themed jackpot slots that imply good message. “Nian Nian You Yu” is a greeting words for Chinese. Based on the name, it wishes people to have ample surplus at the end of every year. Obviously, the theme of this game is celebrating Chinese New Year. Players can enjoy the graphic and sound effect of a traditional Chinese festival. Nian Nian You Yu is a progressive 5-reel slot with 9 paylines. Therefore, players can choose to play with as few as 1 payline or as many as 9 paylines. The screen will show “Bet One”, “Bet Max”, “Auto Play” and “Turbo Mode” for players to choose. In this slot game, colored lanterns, dragons, oranges, steamed dumpling and red envelopes are the symbol. When playing this game,  Singapore SCR888  players can feel the celebrations with plenty of vibrant colors and traditional Chinese music. Fish is the wild symbol in the game and it can be substitute for all the symb...
Read more