They pay 2-1, the chance of it happening is 31.58%. To break even on the bet, the chance would have to be 33.33%. The difference is the house edge, and that is created by the 0 and in America the 00.

the payout is 3 to 1 bet 5 you get 10 plus your 5 bet back

The payout is 2 to 1

Make sure you dont let people confuse you with

2 to 1 and 3 for 1 It’s the same payout

For every $1.00 you bet you will win $2.00

So at the end of the game you will have $3.00 total

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