Payouts/Losses Next, different bets have different odds for winning, so the payout is different. In American roulette, t

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Payouts Losses Next Different Bets Have Different Odds For Winning So The Payout Is Different In American Roulette T 1 (57.93 KiB) Viewed 38 times

Payouts/Losses Next, different bets have different odds for winning, so the payout is different. In American roulette, the odds are: Straight up (betting a single number) = 35 to 1 Row=2 to 1 Dozen=2 to 1 Even/Odd = 1 to 1 - Black/Red = 1 to 1 - High (19-36) / Low (1-19)=1 to 1 This means if you were to make a bet at 1 to 1 odds, you would not only get back your initial bet, but also win an amount equivalent to your bet, e.g. if you bet $1 on a l to I bet, you would get back your $1 plus win another S1. If you were to make a bet with 2 to 1 odds, you would get your bet plus twice your initial bet. Let's play! Pretend you arrive at the roulette table with $100. You will place 5 unique bets. Tell me the amount you are betting (something between S1 and S100) and on which spot you are placing the bet. For each of those 5 bets, flip a coin to see if you won or lost and update your balance (the amount of money you have). Make sure each bet is on a different spot and don't be all your money in a single game! Example Game = I bet $500 on Black. If the ball lands on something other than a black (a loss), then the house keeps my $500 and I walk away S500 poorer. If the ball lands on a black (a win), then I get my $500 back and the house has to give me an additional $500, so I walk away $500 richer than I was before the game. (My balance will depend on whether I won or lost!) Complete the Table with your Bets: Starting Balance: 5100 Game 1 Game 2 Game 3 Game 4 Game 5 What is your final balance? If you have winnings, what would you do with this money?