Online gamble real money roulette players often mix-and-match wagers. Groups like three-number rows and four-number corners, 18-number outside bets, multiple spots straight-up, 12-number dozens and more….there’s seemingly no end of options to combine bets. But, are combination bets a good idea?
About Combination Bets
In a game like roulette, where the winner is determined by the pocket in which a tossed ball lands, the ability to cover as many possibilities as possible is attractive. There are 37 pockets in a European roulette wheel and 38 pockets in an American roulette wheel so obviously, the more pockets that you cover on your bet, the bigger your chances are to win.
Suprisingly, a lot of people just wager randomly. They may believe that they’re following a hunch or tracking a pattern – or perhaps, they’re just having fun. But, when two wagers offset one another, it increases the chances of achieving a winning payout. And that’s always welcome.
Using this method of play is a bit flawed. You miss the opportunity to manipulate the odds of success and, with that, the associated payouts or losses. For instance, if you’re betting $10 per spin and you place it on one spot on a European, single-zero, wheel, the chances are one out of 37 you'll win $10 x 35 or $350. The chances are also 36 out of 37 that you'll lose $10.
Alternately, if you deposit the $10 on the line between two numbers, your chances that one or the other will hit expands to double to two out of 37. Conversely, potential profits fall to $10 x 17 or $170. The downside is a 35 out of 37 probability you'll kiss your $10 goodbye. A 3-number row is another option. At that point, the chances are for you to collect a net payout with three out of 37, $10 x 11 or $110. There’s a 34 out of 37 likelihood that $10 will go by the boards.
Some other interesting combinations involve hedges which are wagers that complement one another. There are quite a few ways to accomplish this with numerous possibilities of probabilities and outcomes.
For instance, if you want to limit your exposure on any spin to a $10 loss, you can bet $1 on each of five black numbers and $5 on red. There’s a one in 14 chance of losing the whole $10 is 14 (which would involve the 13 uncovered black numbers plus zero) out of 37. You’ll then win $35 if any of the selected numbers hit but you’ll lose the $9 that you bet on the other propositions, giving you a $26 net profit. So now your likelihood of success is five out of 37. On red, you break even, with an 18 out of 37 chance of success. In all, this is 18 ways to break even, 14 to lose and 5 to break even. .
If you want to try something a bit more “out of the box,” place $5 on a dozen and five $1 two spot splits between 0 and 24. This will give you a probability of 15 out of 37 with only a $10 loss on the 15 uncovered numbers (0 through 24). That way, if you hit any two-number split, you’ll win $17. That’s a 10 out of 37 shot. You’ll take off $5 and another $4, leaving you for a $8 net payout. That leaves you will have a chance of 12 out of 37. That’s a $10 win minus $5 on the dozen. The bottom line is that you now have 10 ways to win $8, 12 to win $5, and 15 to lose $10.
On any bet at single-zero roulette, the house edge is 2.7 percent. Basically, on any $10 bet, the house takes $0.27. When you bet a combination bet, you change volatility, not edge. If you’re playing for a few hours, the low volatility allows you to relax with a bankroll moves slowly but steadily. In the end, you’ll pay the same for a better chance of winning less or a worse chance to win more.
Typically, a roulette game gets 40 spins, more or less, per hour. At $0.27, 2.7 percent of $10 per round, the house's theoretical house edge is just over $10 in that hour. That’s equivalent to one round’s wager.
If you’re playing at a double-zero tables, the edge is 5.27 percent. The house could earn $20 from a $10 bettor.