The numerous even-money bets in roulette have inspired many players over the years to attempt to beat the game by using one or more variations of a martingale betting strategy, wherein the gambler doubles the bet after every loss, so that the first win would recover all previous losses, plus win a profit equal to the original bet. Play on a roulette wheel with La Partage, and you´ll get 50% of your wager returned if you bet on even or odd numbers and the ball stops in the zero pocket. This brings the house advantage down to 1.3%. Roulette offers a type of bet that is called the even bet. This is a type of outside bet that provides a payment of 1-to-1 and as such is considered an even-money bet. From the player’s perspective the even bet is one of the best bets in roulette.

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Martingale – Fan-Favorite among the Best Roulette Strategies. Many professional gamblers make.

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Roulette offers a type of bet that is called the even bet. This is a type of outside bet that provides a payment of 1-to-1 and as such is considered an even-money bet. From the player’s perspective the even bet is one of the best bets in roulette and this article will explain why this is so.

What is the Even Bet?

Roulette offers players many different bets to choose from. Each of the bets offered has its own probability of occurring and different payouts offered for winning the bet. There are high risk bets and low risk bets so each player can choose the level of risk they are comfortable with.

The European roulette wheel has 37 numbered slots with numbers ranging from 1 to 36 and the number zero. The American roulette wheel has 38 numbered slots with numbers ranging from 1 to 36 and the number zero and double zero.

On both roulette wheels the numbers 1 to 36 are split equally with 18 even numbers and 18 odd numbers. Zero and double zero do not count as either an even or an odd number.

Players can make bets by predicting whether the roulette ball will land on an even number or an odd number. Making a correct prediction will award the player a payout of 1-to-1 for their bet.

Why the Even Bet is considered an Outside Bet?

The bets that players can make when playing roulette are split into two main groups; inside bets and outside bets.

Inside bets are wagers made on a single number or a very small group of adjacent numbers. They carry a low probability of generating a win but offer very high payouts for wins as a way of compensating for the low probability.

Outside bets are wagers made on large groups of numbers. They carry a high probability of generating a win but offer lower payouts to compensate for the high probability.

The even bet falls under the umbrella of outside bets because in a single bet the player covers almost half of the numbers available on the roulette wheel.

The Probability

Think for a second that the roulette wheel only had 36 numbers, ranging from 1 to 36, and did not have the zero and double zero slots. In such a case half the numbers on the wheel would be even numbers and half the numbers would be odd numbers.

If you were to make the even bet under these circumstances the probability of winning the even bet would have been 18/36 = 0.5 which is a probability of 50%.

However the roulette wheel is not comprised of only 36 numbers. In European roulette the number zero is also present on the wheel so the probability of winning the even bet needs to be calculated as 18/37 = 48.64%. This means that the odds of winning the even bet are 1.01-to-1 with a payout of 1-to-1.

Roulette Bets And Payouts

In American roulette there are two numbered slots in addition to the 36 numbers. These slots are for the numbers zero and double zero and they change the probability of winning the even bet. The probability of winning is calculated as 18/38 = 0.4736 which places the odds for a win at 47.36%.

The payout for a winning even bet is the same in American roulette as in European roulette but the true odds are 1.11-to-1. As you can see European roulette gives better chances of winning the even bet so if you have the choice between the two types of roulette, we recommend you opt for European.

The “En Prison” Rule

When you play French roulette and also in some European roulette games you have the option of using the “En Prison” rule. “En Prison” means “in prison” in French and it’s a rule that allows you to imprison your even bet for the next round of play if in this round of play the outcome of the spin was zero.

The “En Prison” rule basically gives you two spins for the price of one when making even-money bets and it significantly lowers the house edge on such bets.

In Conclusion

The even bet is one of the best bets offered in roulette. It is true that it does not offer a huge payout but that is reasonable considering the low level of risk attached to it.

Players that focus their roulette playing on making outside bets such as the even bet, have a better chance of making their bankroll last longer.

Even Money Roulette Bet Crossword

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There are two absolute guarantees in life and while we all know the first one, taxes are probably the one we complain about the most. Everything has a tax (depending your state) and unfortunately there is nothing really that can be done about it. In the sports betting industry, there is a form of tax sportsbooks use called “juice” or “vig”. This is to ensure that the sportsbooks turn a profit regardless of the outcome of a particular game. However, sometimes the sportsbooks feel generous enough to offer up a “tax-free” line. This line is known as “even money” and offers up a chance to double your money – no questions asked.

What Does Even Money Mean?

When you hear the term “even money” being tossed around, it is a term used to reference a bet placed without any juice or vig. The odds for this wager are expressed in three different ways depending on what odds you prefer to use. As a fraction, even money is expressed as 1/1, while American odds express it was -100 or +100. The majority of the time, even money odds will be listed as “EVEN.”

How Does Even Money Odds Effect the Sportsbook?

Generally speaking, sportsbooks do not like listing even money lines because it is not as easy for them to make money. Since sportsbooks pay out as much money as they take in, sportsbooks would need to rely on a very low winning percentage from the public in order to come out ahead. Since sportsbooks run the show, they do everything in their power to avoid posting “EVEN” odds. They feel comfortable posting odds like -105 and the standard -110 lines, since that extra bit of juice allows them to turn a profit – as long as the balance is equal between both sides. In order for the public to turn a profit betting into -110 lines, they would need to risk $110 dollars to win $100, which means the extra $10 stays with the sportsbook.

Are Even Money Odds Worth Playing?

Even Money Roulette Bet

When a bettor sees “even money” they are inclined to explore further since the chance to double up has presented itself. Betting “even money” lines over the long term can be effective, since you won’t need to have a super high winning percentage to turn a profit in comparison to betting the -110 odds. However, this is where the sportsbooks get you. You must make sure that “even money” is actually worth it or not. Let’s use roulette as an example.
You can get even money odds for betting on the outside of the board – things like red or black, odd or even, or 1-18/19-36. Each of these “even money” propositions seem fair on the surface, but they are far from. Think about it for a second. Depending on the board, there are actually 37 or 38 spots on the wheel – 36 numbers plus 0 and 00. That means any one of those bets could lose and the even money line is not actually a fair representation of the true odds. Playing this even money method would be a losing proposition over the long term which is why you should always be sure the potential return exceeds the risk involved.

Even Money Bet Roulette

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