True Odds Meaning – Real Odds of Winning a Particular Bet
True odds are the real odds of winning the bet. True odds are always higher than the payout odds, as the difference between the two is marked by the house edge.
Every casino game has a house edge, as this is how casinos ensure their profits over time.
For example, if you’re playing European roulette and want to make a straight-up bet or bet on the zero, the payout for this is 35 to 1.
However, the odds against winning are 36 to 1. This means that the casino pays out less than what your true winning odds were. In this case, the one-point difference means that the casino has a house edge of 2.7%.