Outside Roulette Bets Roulette Odds Type of Bet Inside Bets Straight Split Street Square Five-number Six-number Outside Bets Column Dozen Red/Black Even/Odd Low/High European Roulette 1 in 37 1 in. Fox roulette is an advanced predictor/calcultor/tacker web app which can calculate the best odds, best bet on the next numbers or areas in the roulette game. This app works with different strategies such as Fibonacci, anti-pattern betting and many more.
For most bets, calculating your expected value (or EV) is simple. It can become harder in games where you don’t have all the information you need to make the calculations; in games like that (such as poker or blackjack), expected value often requires a little estimation along with the hard math.
European Roulette Payout Calculator Formula
In order to make an expected value calculation, you’ll need to know four things: the probability of winning the bet, the amount you’ll win if you the bet is won, the probability of losing the bet, and the amount you’ll lose if the bet is lost. You can plug actual dollar amounts into the calculations if you want to know the expected win or loss on a particular bet (as we will do) you can just use “units” for more general calculations that cover bets of any size.
Fish table gambling tips. Here’s an example. Imagine you are flipping a coin with a friend. However, the payouts aren’t quite fair: you only have to bet $10 on each flip, while your friend has to bet $11. What is the expected value for you?
Well, we know that you have a 50% chance of winning, and when you win, you’ll win $11. We can multiply those numbers together to come up with a total of $5.50. We also know that you’ll lose half the time, and will lose $10 each time you lose. $10 multiplied by .5 is $5. We can then take those two figures, subtract the average loss from the average win, and find that you expect to make a profit of $0.50 on each flip. The math looks like this:
($11 * .5) – ($10 * .5) = $0.50
European Roulette Payout Calculator Present Value
This is the same math used in any EV calculation, though things can get more complicated if you have to include the possibility of winning different amounts or that the bet could push.