The first thing you should know before you learn anything about the bets you can make, is when and how you can make those bets. You trade in your checks (which most people think of as regular casino chips, but they're actually called checks) for roulette chips when a new session starts, and the dealer assigns you a number and denomination. All of your chips of the same color are worth the same amount. There aren't many specific things that can be considered roulette rules at the table, but here's one you shouldn't forget. 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. Straight-up bet - this is the classic roulette bet. Choose any one of the 38 numbers and put your chips down on that number for the chance to win back at 35 to 1. Street bet - this is a bet not unlike a split. It allows you to bet on three different numbers with the same bet. When you place an outside bet your bet must meet the table minimum. 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.

Roulette is the game where you guess where the little marble is going to drop on the spinning wheel. Roulette would be a great game were it not for the high house edge - usually 5.26%, sometimes as low as 2.63%, which is still higher than blackjack, craps, or baccarat. Here are the different bets you can make. you will likely lose money faster the more bets you make, because you're betting more. 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. Then he'll scoop up all the losing bets towards the dealer area. Don't reach for your winnings until the dealer removes the marker, or the dealer will scold you. 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. That way, you're not locked in and you always have the ability to change your mind. In other games the color of the chip denotes the denomination, but in Roulette the color denotes only which player the chip belongs to. Here's a handy way to remember the payouts when you're betting on a set of numbers: Take 36 divided by the quantity of numbers you're betting on, and subtract 1. All the bets on the layout carry the same house edge, with the exception of 5-number Line Bet (0, 00, 1, 2, 3), which carries a whopping 7.29% edge! If Black has come up for the last 10 spins in a row, the next spin is not more likely to be Red. There's an old saying, "The wheel has no memory. Now let's say you've been playing Roulette for a few hours, betting on Red every time, and you've been keeping track of what numbers have hit. On an American wheel, there are 38 spots - numbers 1-36, plus 0 and 00. The last time we checked, Single 0 Roulette was available at the Stratosphere and the Monte Carlo on the Vegas Strip.