The expected value for a single number bet in a standard American roulette game is -5.26%. This means that, on average, for every dollar you bet . Calculation of Expected Value Since we have a discrete random variable X for net winnings, the expected value of betting $1 on red in roulette is: P(Red) x (Value of X for Red) + P(Not Red) x (Value of X for Not Red) = 18/38 x 1 + 20/38 x (-1) = -0.053. How do you find the expected value of each $1 bet in roulette?. Suppose you bet $1 on each of the 38 spaces on the wheel, for a total of $38 bet. When the winning number is spun, you are paid $36 on that number. While you won on that one number, overall you've lost $2. On a per-space basis, you have “won” -$2/$38 ≈ -$0.053.
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American Roulette Odds (Over 100 Roulette Probabilities)
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How to Win at Roulette: Intro to Probabilities and Expected
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What is the expected value for the roulette game?
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