The Roulette Calculator allows users to calculate the probability of winning, potential payout, expected value per spin, total expected value, and house edge based on different bet types and amounts in roulette.
Roulette Calculator
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How to Use the Roulette Calculator
This Roulette Calculator is designed to help you evaluate different betting options when playing roulette. It will calculate the probability of winning, potential payout, expected value, total expected value, and the house edge based on your input. Follow the steps below to use the calculator:
Step 1: Select Bet Type
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Bet Type: Choose the type of bet you want to place from the “Bet Type” dropdown menu. The options available are:
- Straight Up (Single Number)
- Split (2 Numbers)
- Street (3 Numbers)
- Corner (4 Numbers)
- Line (6 Numbers)
- Dozen (12 Numbers)
- Column (12 Numbers)
- Odd/Even (18 Numbers)
- Red/Black (18 Numbers)
- Low/High (18 Numbers)
Step 2: Enter Bet Amount
- Bet Amount ($): Enter the amount you wish to wager for a single spin. This value must be at least $1. You can enter decimal values as the input supports cents.
Step 3: Specify Number of Spins
- Number of Spins: Input the number of spins you plan to place the bet. This number should be between 1 and 1000.
Step 4: Review Results
Once you have filled in all the required fields, the calculator will automatically compute the results and provide you with the following information:
- Probability of Winning: Displays the probability of winning the bet type you selected, formatted as a percentage.
- Potential Payout per Win: Shows the amount you can win for each successful bet based on your chosen bet type and bet amount, formatted in USD.
- Expected Value per Spin: Indicates the expected monetary value or return per spin, which factors in the probability of winning and the payout.
- Total Expected Value: Presents the total expected value across all spins you have decided to play.
- House Edge: Displays the casino’s advantage over the player, calculated as a percentage of your bet amount, signifying the expected loss in your wager.
Use this detailed guide to make more informed betting decisions while playing roulette. Remember to gamble responsibly.