Odd or Even Bet
The Odd or Even Bet in roulette is an even-money wager where players bet on whether the winning number will be odd or even. It’s one of the most straightforward and popular options for those seeking lower-risk bets, offering a 1:1 payout. However, the zero (and double zero in American roulette) gives the house its edge, whether you’re playing at a land-based venue or in an online casino.
Key Details of the Odd or Even Bet
Here’s a quick breakdown of the important aspects of the Odd or Even Bet:
- Odds: 18 in 37 (European roulette) or 18 in 38 (American roulette).
- House Edge: 2.70% (European roulette) or 5.26% (American roulette).
- Payout: 1:1 – You double your bet if you win.
How the Odd or Even Bet Works
In a Odd or Even Bet, you simply wager whether the next winning number will be odd (e.g., 1, 3, 5...) or even (e.g., 2, 4, 6...). To place this bet, you put your chips on the "Odd" or "Even" section of the table. If the ball lands on a number within your selected category, you win. If it lands on 0 (or 00 in American roulette), you lose.
For example, if you bet $20 on odd numbers and the ball lands on 17 (an odd number), you win $20, plus your original $20 bet back, for a total of $40.
Try our NEW Roulette Calculator to understand your odds of winning!
Odds, House Edge, and Payout
The Odd or Even Bet is one of the simplest bets in roulette, offering nearly 50/50 odds, but the zero(s) give the house an edge.
Though the payout is even-money, the small house edge ensures that the casino always has a slight advantage.
Examples of Odd or Even Bet in Action
- Example 1: You place a $30 Odd Bet, and the ball lands on 11. Since 11 is an odd number, you win $30 plus your original $30 back, for a total of $60.
- Example 2: You bet $25 on even numbers, but the ball lands on 0. Since 0 is neither odd nor even, you lose your $25 bet.
Odd or Even Bet FAQs
What is the payout for an Odd or Even Bet in roulette?
The payout for a Odd or Even Bet is 1:1, meaning if you bet $10, you win $10.
What are the odds of winning an Odd or Even Bet?
The odds are 48.6% in European roulette and 47.4% in American roulette.
What is the house edge on an Odd or Even Bet?
The house edge is 2.70% in European roulette and 5.26% in American roulette.
Can I combine an Odd or Even Bet with other bets?
Yes, you can combine a Odd or Even Bet with other even-money bets like Red/Black or High/Low to diversify your strategy.
Is the Odd or Even Bet a good strategy for beginners?
Yes, the Odd or Even Bet is one of the best for beginners due to its simplicity and good odds.
