Essential factors to consider regarding Bitcoin roulette payouts

With cryptocurrencies ruling the iGaming world, bitcoin roulette casinos are emerging rapidly and taking over traditional roulette casinos. Bitcoin casinos can eliminate the limitations of traditional casinos with the plethora of benefits that they offer. The anonymity of transactions, lower fees, more security, and faster transactions are some of the benefits of bitcoin roulette.

How does Roulette Payout work?

In a roulette game, the payout is calculated based on the total number of odds a player can make from his bets. This means the way a payout works can drastically change depending on the type of roulette bet a player makes. 

Bitcoin Roulette Payout Rules: Tips & Tricks

Best bitcoin roulette sites offer an engaging game of chance where players can showcase their skills. Understanding the game is crucial to playing with confidence. Payout rules differ, influencing the probability of winning or losing.

For American Roulette, there are 2 bets- outside bets and inside bets

For French or European wheels – announced bets.

The payout rules for each are listed below:

For Outside bet:

Outside bets are the safest ones as they have the highest number of odds. The payout rules for the specified betting terms are as follows:

• For red or black the payout is 1 to 1

• For odd or even also the payout is the same, 1 to 1

• For Low (1 to 18) or High (19 to 36) numbers, the payout remains the same 1 to 1.

• For Columns, the payout is 2 to 1 as the chances of winning are slightly low in the bets placed in Columns.

• For Dozens, the payout is the same as that of the Columns, 2 to 1.

For Inside Bets:

Inside bets are less likely to win, but when they win, they pay out more than outside bets. Some of the specified terms used in inside bets are:

• Straight: highest payout as involves the highest risks; 35 to 1

• Split: less risky, the payout is 17 to 1

• Street: gives a payout of 11 to 1

• Corner: gives a payout of 8 to 1

• Five number: payout is 6 to 1

• Six number: payout is 5 to 1

For Announced Bets:

Some of the common types of announced bets are:

• Neighbours of Zero- in this bet the payout is 24 to 1

• Thirds of the wheel- the payout is 17 to 1

• Zero Game- the payout is 26 to 1

• Orphans- the payout is the same, 26 to 1

Different Types of Roulette Games

There are three main variants of a Roulette game at any online casino:

American Roulette

American Roulette is the most popular roulette variant that involves 38 pockets and two spaces representing zeros. The first pocket represents a single zero (0), and the second pocket represents a double zero (00). The house edge for a single bet in the American Roulette is around 5.25%.

European Roulette

In the European version of the roulette game, only 36 pockets are there that represent red and black, and only 1 single zero pockets. The European version offers a lower house edge (around 2.7%) in comparison to the American variant and is easier to win.

French Roulette

French roulette is the oldest variant of roulette but it is quite similar to the European wheel and has the same number of pockets that is 36 and 1 single zero (0) space. The only difference is the fewer number of betting options available in the French version.

Conclusion

With multiple versions of the game available, there can rarely be any chances of boredom while playing roulette. If players cannot make out in one version, they can easily consider giving another version a try. Whether they play bitcoin roulette online or in a traditional casino, they should always follow their bankroll and consider their affordability to lose the game. As in a game of chance like roulette, there is always a risk of losing.