Why Play Roulette
: Why Play Roulette?
"You cannot beat a Roulette table unless you steal money from it." This infamous quote by Albert Einstein is a testament to the difficulty of leaving the roulette table without losing money. What's fascinating is that despite the odds, gamblers continue to find the game entertaining due to its exciting appeal. With numerous types of bets available, roulette has grown to become a cornerstone of online casino gambling.
The concept of the game is quite simple. In European roulette, there are 37 pockets, and in American roulette there are 38 pockets. A dealer spins a wheel in one direction, while a small marble sits on the circumference of the wheel, traveling in the opposite direction. When the marble loses its momentum, it falls into one of the pockets on the wheel. If the person placing the bet chose that pocket prior to the spinning of the wheel, he or she will be awarded a certain prize based on the odds of the game.
Like many other casino games, roulette definitely favors the house. However, gamblers find the game appealing since they can somewhat control the odds. It should be noted that in American roulette, there is an additional double-zero pocket, whereas French roulette only involves one zero pocket. This additional pocket actually makes a significant difference when calculating odds. Since American roulette has grown increasingly popular, odds will be calculated in terms of the American style of game play.
The versatility of roulette is probably its biggest attraction. Gamers can choose from a wide array of bets, whether they are by number, color, or range. Bear in mind that the pockets on a roulette table are numbered 1-36, with each pocket being either red or black (alternating colors). The types of bets that can be placed are either inside or outside bets, with inside bets being riskier. If a gamer wishes, he or she can simply place a bet on a single number. Simple math would indicate that the odds of landing that single number would be 1/38 (36 numbers plus two additional zero pockets).
However, gamers can decide to get creative. Bets can be placed on red pockets, black pockets, even numbers, and odd numbers. Furthermore, one can decide to bet on a range of certain numbers, such as numbers 1-12, 13-24, or 25-36. Obviously, the odds of winning these types of bets become more favorable for the player, while the payouts decrease as well.
Basic math will demonstrate that the odds of roulette give the casino an advantage. The additional zero pockets and the fact that the payouts are a bit smaller than the odds give the casinos a slight edge. Over the long-run, this slight edge can lead to substantial profits. Certain economic strategies, such as the Martingale betting strategy and the Fibonacci sequence, have grown popular by experts looking to beat the system. Engineers have even studied the dynamics surrounding the potential landing area for the marble. When it is all said and done, it is estimated that the expected value of betting on a single number in roulette is -$0.053, meaning the house has a 5.3% advantage on every turn.
Online gambling is unquestionably a booming industry. It is estimated that in 2008 alone, total revenue for internet gambling web sites surpassed $20 billion. The appeal is the convenience of being able to play from home rather than travel to a casino. In terms of roulette, it has rivaled other popular online casino games, including blackjack, poker, and craps. Unlike these other casino games, roulette offers betting flexibility and the opportunity to gamble directly against the casino.
It is evident that the game has grown popular based on the number of strategies that have been devised and the different approaches that have been undertaken by gamers. For instance, some of the popular roulette strategies include the Andrucci System, the First and Third Column Strategy, and even mechanical strategies related to the bias of a particular wheel. Though the odds are against them, online gamblers continue to make substantial bets, an indication that it may be worth paying for the excitement.
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