In American Roulette, with 36 numbers, Zero, and Double Zero, the odds of winning a straight bet (a single number) is 1 in 38, or about 0.02632. The payoff, however, is only 35 to 1. In European Roulette, with 36 numbers and Zero, the odds of winning a straight bet is 1 in 37, or about 0.02703.
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It depends on what you mean, but here is a basic description of how it works. Payouts in gambling games are based on the probability of winning, but the payout is less than the true probability of winning. Just as a basic example, the odds of rolling a 12 in the game Craps is 1 in 36, but if bet on the 12 and win, you only win 30 times the amount bet. So basically, you would have to make a $1 bet 36 times to win $30.
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"The probabilities are exactly the same as playing offline, at least in theory. So then it depends upon the table, how many numbers there are, and how you bet. A Typical table gives you a 1 in 31 chance of winning on a single number with the highest payout rate. However, when betting on split the probability is closer to 50% with 0 and 00 being losers."
The odds are set so that the longer you play, the more probable it is you will lose. Its like betting on a jar with a thousand marbles in it. 600 of the marbles are black and 400 are white. You bet $1 each time a marble is picked and your bet is that a white marble will be picked. If a white marble is picked, you get your $1 back plus an additional $1. As the marbles are being picked, you may be winning at times but ultimately you will lose $200 because there are 200 more black marbles than white marbles. This may seem very simplistic but it is exactly what happens when you play craps.
The probability of having 1 peanut in a shell is 1/2, as there are two possible outcomes (either there is 1 peanut or there is not). The probability of having 2 peanuts in a shell is 1/4, as there are four possible outcomes (0, 1, 2, or 3 peanuts). The probability of having 3 peanuts in a shell is 1/8, as there are eight possible outcomes (0, 1, 2, 3, 4, 5, 6, or 7 peanuts).