Las Vegas is quite famous for casinos. If one talks about Las Vegas, the first thing that comes in everyone’s mind is the casino over there. The Mirage and the MGM casino have favorable and positive rules for the players and the minimum limit set by them is $25. Wynn and Bellagio casinos have usually a policy of minimum bet limit as $100. Sometimes, though it comes down to a minimum bet amount of $50. If your investment in the bankroll is high, then these two casinos are commendable. The MGM casino has a maximum bet limit of $10,000 while the others go up to $20,000 maximum.
The Las Vegas Roulette system differs from one casino to other casino depending on the single or double zeroes and the amount of wager allowed by the casino in the roulette wheel. If, along with, 1 to 36 numbers there is also a zero, then it is called the single zero wheel. In case of two zeroes (0 and 00) it is called as double zero roulette.
In American roulette, the casino will take all your bets, and even money bets, if you have bet on one particular number. There are in all three money bets; even or odd, red or black or high or low (19 -36 or 1 – 18). For instance, if the rotating wheel stops on red 36, then those who have wagered on even, red or a high bet will be declared as a winner.
In European roulette, the Las Vegas casinos take away 50% of even money wagers when a single zero lands. So, the winning odds change to a lot of extent. Here are the house advantages of the casino as against the gamblers for different roulette systems:
American version with a single zero and double zero has a house edge of 2.70% and 5.26% respectively. The European single Zero version roulette has a house edge of 1.35%.
Per hour there are 35 rotations which make the roulette slower than the average for the table games. With a meager 1.35 percent disadvantage, the hourly average loss is better for the gambler, but not an advantage against the house. So, this is simply a game of probability. Unfortunately, for low investors, the minimum bet amount is too high.
Lastly, the betting system is touted for any other game of luck but there seems to be a popular association with the roulette game. Also, every spin is unconnected and independent of the previous spins. If a series of red numbers win, it does not mean that black is the next one to appear and if it actually does appear, a double up bettor type may run into betting limits very quickly.
In short, Roulette is simply a game of probability. If you look deep inside, then you will be able to find out better games than roulette for reduction of your expected losses. Chasing the end to a series is not a right way to play the game, especially when there is a max bet limit.