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Dublin Racing Festival. Home Ireland Dublin Racing Festival. Ts and Cs apply. Gamble responsibly. Honeysuckle extended her unbeaten career record into an 8th race at Leopardstown last year, battling back bravely to beat Petite Mouchoir and Darver Star. Despite his brilliant record at Leopardstown, Willie Mullins' star has run poorly on both his previous visits to the Dublin Racing Festival, finishing seventh in the Deloitte and sixth here last year.

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Columns — The numbers on the layout are organized into three columns of twelve numbers each. This bet pays out 2 to 1 when you win. Dozens — There are 36 numbers on the table, so you can bet on the first dozen , the second dozen , or the third dozen This bet also pays out 2 to 1. You can also bet on specific numbers and sets of numbers on the inside of the layout. These bets win less often, but they pay out more when you do win. The house edge on the inside bets is the same as the house edge on the outside bets.

Split bet — This is a bet on any two adjacent numbers. You place the chip on the line between the two numbers in order to make this wager. This bet pays out at 17 to 1. Street bet — This bet covers three numbers. You place your bet on the line outside of the three numbers in the row where you want to win. This bet pays out at 11 to 1. Corner bet — Some people call this a square bet or a quarter bet.

A win on this type of bet pays out at 8 to 1. The problem is that it has a higher house edge, making it the worst bet on the table. This bet is on the numbers 0, 00, 1, 2, and 3, and you place the chip on the outside corner line between the 1 and the 0. This bet pays out 6 to 1, but only masochists place this bet.

Six-number bet — Some people call this a line bet. It covers two adjoining rows of numbers. It pays out at 5 to 1. These payouts all have one thing in common—they pay out less than the true odds of hitting a win. Your odds of winning are always less than the payout amounts. For example, the odds of winning a straight-up bet are 37 to 1. There are 37 numbers on the wheel that lose, and 1 bet on the wheel that will win.

But the bet only pays out 35 to 1, not 37 to 1, so the house wins more often than it loses. I could list all of them, but you get the idea by now. Let us first demonstrate how it works by using a coin toss as an example. As you know, when you are flipping a coin, there are only two possible outcomes as the coin will land either on heads, or on tails.

The chances of it landing on each of the two sides are practically equal. Now, let us apply the formula from above to calculate the likelihood of collecting a payout with a Split bet in the game of roulette. Since with Split bets players cover only two numbers that are adjacent on the layout, there are only two ways to win out of 37 possible outcomes, i. Another way to put it would be to say there are two ways to win and 35 ways to lose with your Split bet.

In contrast, the likelihood of winning with the very same bet in American roulette drops down to 5. The greater the number of outcomes you cover with a single bet, the higher the probability of winning will be. For instance, let us assume you are interested in experimenting with one of the more exotic roulette bets , like Voisin du Zero, which covers a sequence of seventeen random numbers on the single-zero wheel.

The probability of hitting one of these winning numbers is equal to As you can probably see for yourself, figuring out the probability of winning with different roulette bet types does not require profound mathematical knowledge.

The rules that apply at casino tables are designed in such a way so as to tilt the advantage in favour of the house. Because of this, it is of extreme importance for roulette players to learn how to calculate the odds of winning with each type of bet. Unlike probability, odds are never expressed in terms of percentages but are typically presented as pairs of numbers. The odds for a random event, like a die toss or a roulette spin, denote the likelihood of this event taking place.

To calculate the odds for winning with a given roulette bet, you need to figure out what its probability is. If we use the coin flip example from above, the calculation will go as follows: 0. The odds in this case are even. However, there is an easier way to figure out the odds for winning with roulette bets and it is to simply divide the number of ways to win by the number of ways to lose.

As you can see, probability differs from odds in that it is a likelihood of 1 out of 37 outcomes. Some roulette players tend to confuse the odds for winning with the odds against winning because the ratio is written in reverse on many occasions, like so 36 to 1. This is not exactly the same thing because the odds against a given event reflect the probability of the said event not happening.

These reversed odds are normally used by gambling establishments to list the payouts of the winning bets. The smaller the likelihood of winning with a given roulette bet, the greater the return offered by the house. This is so because when it comes to the majority of casino games, roulette included, the players are practically competing against the house. Therefore, the house is betting against its patrons so the odds paid are the odds against the player winning, hence the inverted ratio.

You will be able to read more detailed information regarding the house odds in the section to follow. As far as casino games are concerned, there is always a disparity between the mathematical probability of winning with your bets and the ratio these bets are paid at. It is precisely this disparity between the true odds of winning and the casino odds that gives the house advantage over players in the long run.

For every game the casino offers, the payout odds on bets are established in such a way so that the casino can generate profits on each wager you make. This house advantage is expressed in percentages which reflect the overall return the casino can expect over time, or in other words, the average percentage players will inevitably lose in the long term.

Being a commercial business, the casino needs its edge to cover the costs associated with hosting the games. In some games of chance like craps, there are wild fluctuations in the house edge for different bet types. This is not the case in roulette where the edge remains constant, with a single exception which is the Five-Number bet.

The latter can be made in double-zero games only and gives the house an advantage of 7. To calculate the house edge in roulette, we multiply the difference between the true odds against winning and the casino odds by the probability of winning. On a double-zero wheel, the odds against winning with a Straight Up bet are 37 to 1 but the house pays only 35 to 1 which results in a house edge of 5.

As you can see, the difference between the odds against winning and the payout in American roulette is equal to two units. Using the formula from above, we can calculate the house edge like so:. The house edge in European roulette is significantly smaller because there is only one zero pocket on the wheel so the calculation will run as follows:.

Please bear in mind that you can expect such losses only over extended periods of time which involve tens of thousands of spins. Everything is possible in the short term, so players can certainly be ahead if they bet on roulette recreationally for a day or two. Similarly, the odds against winning with a Corner bet which covers four adjacent numbers on the layout are 33 to 4 on a single-zero wheel but the casino pays players only 32 to 4 which is to say the house collects a one-unit profit from all winning Corner bets.

In American roulette where there are two zeros on the wheel, the casino will profit with two units on such bets because the odds against winning are further increased at 34 to 4 but the payout odds remain 32 to 4.

In games of chance like roulette, there is no escaping the house edge — the more you play, the more you will lose over the long run.

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