Roulette players have a wide selection of bets to choose from. One of the most popular among roulette fans is the even bet. It’s a type of outside bet, paying out at 1:1. Although you won’t exactly have a fifty-fifty chance of winning when placing this type of wager, it’s considered an even-money bet.
There’s no doubt that the even bet is one of the best bets available in roulette, often chosen by players of all types. Today, we’ll try to explain why this is so.
What is the Even Bet?
As we’ve already said, roulette has a wide variety of bets on offer. Each of them comes with its own chances of happening and deliver different payouts. There are also high-risk and low-risk bets, allowing players to choose the level of risks that suits their playing style and budget.
The European version of the game features 37 numbered slots on the wheel. The numbers range from 1 to 36, and include a zero. On the other hand, American roulette has an additional slot, the double zero, which means it comes with 38 numbered slots.
The numbers 1 to 36 are equally split on both roulette wheels. There are 18 even numbers and 18 odd ones. The list of even and odd numbers doesn’t include zero and double zero.
When making the even bet in roulette, players predict that the roulette ball will land on any number ranging from 1 to 36. If such an outcome occurs, they will receive a 1:1 payout.
The Even Bet as an Outside Bet
There are two main types of roulette bets that players can make: inside bets and outside bets.
Inside bets are made on a single number or a smaller group of adjacent numbers. The odds of winning an inside bet are low, but they can lead to massive payouts as a means of compensating for that.
Outside bets are made on large groups of numbers, which don’t have to be adjacent. Unlike inside bets, they are more likely to occur, but they offer smaller payouts due to the high probability.
As the even bet covers almost half of the roulette numbers, it is considered an outside bet.