EasyMarket Making & Games
The House Edge in European Roulette
SIG / SusquehannaFive Rings
European roulette has 37 pockets (0–36). A $1 bet on a single number pays 35-to-1. What is the house edge — the casino’s expected profit per dollar staked — in percent?
Approach
Compare the 35-to-1 payout with the 1-in-37 true odds.
Answer
Show the final answer
The answer is 2.7. Sign in free for the full worked solution and to check your own answer.
Related problems
Make a Market on Two DiceEasyRoll, Keep or Re-rollMediumTwo Bookmakers, One ArbitrageMediumThe Bookmaker’s EdgeMediumQuoting Against Informed FlowHardKelly with 2-to-1 OddsMedium
More in Market Making & Games.