Roulette Odd or Even Bet

Roulette is a hugely popular casino game - mainly due to the large amount of different betting options it has available. Perhaps one of the most simple of these bets is ‘Odd or Even’, which is one of the various even-money wagers on offer.

What is an Odd or Even Bet in Roulette?

An Odd or Even bet in roulette involves the player predicting whether the ball will land on an odd or even number. As an outside bet, it covers a broad range of numbers, making it a popular choice for many players looking to place a balanced roulette bet.

How to Play Roulette Using an Odd or Even Bet

Placing an Odd or Even bet is very simple indeed. All you have to do is place your chips in the designated ‘Odd’ or ‘Even’ box on the roulette table. If the ball lands on a number that matches your chosen bet - odd or even - you will win.

Is Odd or Even Betting Profitable for Roulette?

The payout odds on offer for an Odd or Even bet are even money - 1-1.

The win probability for this bet is as follows:

• European Roulette - 48.65%
• American Roulette - 47.37%

The house advantage is an important factor to consider here, with it accounting for 2.7% in European Roulette and 5.26% in American Roulette.

Pros of Odd or Even Bet:

• It covers almost half of the roulette wheel’s total numbers
• The rules are very simple, which makes this a popular bet for beginners

Cons of Odd or Even Bet:

• The payout is comparatively low
• The house advantage means that the player is expected to lose over the long run

Conclusion

The Odd or Even bet in roulette is an enticing option for players who are seeking a straightforward bet that covers a broad range of numbers. Offering a payout of even-money and almost a 50% win chance, it’s easy to see why this is one of the most popular bets placed on a roulette table.

Take a look at our best casinos to play roulette at.