At this point the
dealer will say 'place your bets' and everyone at the table will start throwing
chips down like crazy. After the ball has started spinning, the dealer will wave his hands across the
table and say 'no more bets'. The
inside bets are made up of specific numbers or combinations of numbers within
the number layout, or along the border of it. On inside bets, the total of all
of your bets must add up to at least the table minimum. Street bet - this is a bet not unlike a split.
It allows you to bet on three different numbers with the same bet. There are no winning outside bets for 0 or 00 results. There
are the different types of outside bets. Odd or Even - similar
to the red black bet, this even money bet is based on whether the resulting
number will be odd or even. Low or High - this bet lets you predict whether you
think the next number to come up will be part of the range from 1 to 18, or part
of the range from 19 to 36. Dozens - a bet very similar to
the columns bet, dozens lets you place a bet on either the first dozen numbers
(1-12), the second dozen (13-24), or the third dozen (25-36)
For most bets it's fairly obvious - you can't miss the
Red diamond for Red bets, and things like Even, 1-18, and 1st 12 are written out
in plain English. We've added blue circled letters to the diagram to point out
how to make the not-so-obvious bets (the sets of 2-6 numbers) you will likely lose money faster the more
bets you make, because you're betting more. When the ball is getting
ready to drop, the dealer will wave his hand over the table, which means "No
more bets". When the ball falls into a slot, the dealer will announce the
number and the color, and place a marker on the layout where the winning number
is. New players often have to be
told this repeatedly the first time they play because they kept forgetting and
because they're excited about collecting their winnings. That way if
two players bet on the same number (or set of numbers), then the dealer knows
who to pay, and arguments can't arise over who bet what. That's because if you're betting only inside and someone else is
betting only outside, he can give you both the same color chips and there won't
be any confusion. Roulette chips can in fact be any denomination - $1, $5,
$25, etc. Minimum bets work differently for inside and outside bets. The
chances of #27 coming up on a given spin are the same, whether it just come up
on the last spin or not - 1 in 38. On an American wheel,
there are 38 spots - numbers 1-36, plus 0 and 00. if you win, the
casino doesn't pay you 37 to 1, they pay you less - 35 to 1. The difference
between the true odds and what they actually pay you is 2/38, or 5.26%. The
last time we checked, Single 0 Roulette was available at the Stratosphere and
the Monte Carlo on the Vegas Strip. European games have an option called en prison which reduces the house edge
to 1.35%, but it's generally not available in the U.S., even in casinos that use
the European wheel. In effect, this variation has the ability to turn a loss into a tie.