How to Generate Strategies With Both High and Low Risk Reward

In roulette games, you have a number of different bets to choose from, and although they all have the same payout rate and house advantage, they will have a different variance. This means that the risk and reward can be higher or lower depending on which bets you choose and which strategies you use. One of the great things about roulette from a gameplay standpoint is that you can really customize how much risk and reward you want with complex strategies, and we want to help you to find the strategies that fit your personal tolerance for risk and reward.

Roulette Strategies With Low Risk and Low Reward

The evens bets are known for having the lowest overall variance in all of roulette. You can bet on whether the result will be even, odd, black, red, 1-18 or 19-36. Your chances of winning are very high with these bets, over 48 percent actually, so you have a fairly low risk. However, your payout rate is just 1:1, so your reward is fairly small as well. This can seem like a mundane bet, but you can spice things up a little by combining bets.

Suppose that your normal bet is $10 on even. Instead, what if you put $5 on even and $5 on 1-18. Normally on an evens bet, there are two possibilities with a $10 bet: You win $10 or you lose $10. With this split bet strategy, there are now three possibilities: You win $10, you tie or you lose $10. You keep the same risk and reward in this situation, but your variance is smoothed out quite a bit. A simple tweak like this can drastically change how your bet plays overall.

Playing With a Medium Risk and Medium Reward

If you want a little bit more action in roulette without getting too crazy, then you have some options. One way to go is to introduce some slightly more risky bets like the column bets or the 1-12, 13-24 and 25-36 bets that some roulette games have. You have a lower chance of winning with these bets, a 32.4 percent chance in European or French roulette actually, but you get double the payout when you win. On the most basic level, you increase your risk while simultaneously increasing your overall reward for winning.

Now let’s say that you want to play with a strategy that has a medium risk and a medium reward, but you don’t want to become bored with placing simple bets on a single square. Here’s one idea on how you can mix things up in online roulette games where you have the entire table to yourself. Suppose your normal bet size is about $6 on one of the column bets. Instead, break your bet up into three parts. Place one bet on 1-12, another bet on a column and a third bet on an evens bet like black or red. You have the same risk with the same overall house edge, but you have chances to win several different levels of prizes. This will drastically add to the excitement of the game.

High Risk – High Reward Strategies for Roulette

The most high-risk bet you can make in any roulette game is called a straight-up wager, and it’s a bet on a single number. It has about a 2.7 percent chance of winning, but your payout is a huge 35:1 jackpot. If you want to tone it down slightly while still having a high risk and high reward, then there is a simple way to do so that doesn’t involve any type of complicated betting scheme.

For example, let’s suppose that you typically play a $2 bet on a straight-up wager like the number 8. One way to go would be to split that bet up into two different numbers with a $1 wager each. Another way to go would be to put your bet on the line between the numbers 8 and 9 to make what’s called a split bet that’s basically the same thing as placing $1 on 8 and $1 on 9. Either way, you will have a 5.4 percent chance of winning for a 17:1 payout. This retains the high-risk and high-reward nature of the bet without it being such a long-shot for winning.

Choosing Your Own Way to Play

Roulette strategy is all about picking the level of risk and reward that are right for you. Because all of the bets have the same house advantage, you have a ton of flexibility on choosing a strategy. As long as you are comfortable with how you’re playing, that will be the correct way to bet for you.