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. Each player plays with their own color chips. After the ball has started spinning, the dealer will wave his hands across the table and say 'no more bets'. Just sit back and let the ball fall where it may. 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. This is different than inside bets, where the total of all of your inside bets 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. 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.

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. Here are the different bets you can make. You don't have to make just one kind of bet for each spin, you can make several, and you win if the ball lands on any of your numbers. The house edge is the same whether you make one bet per spin or several. you will likely lose money faster the more bets you make, because you're betting more. Then he'll scoop up all the losing bets towards the dealer area. Each player's chips are a different color. 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. In other games the color of the chip denotes the denomination, but in Roulette the color denotes only which player the chip belongs to. Roulette chips can in fact be any denomination - $1, $5, $25, etc. Remember that you can bet inside or outside if you like; there's no requirement to bet both on a given spin. It's important to understand that the outcome of the roulette wheel is truly random. There have been 152 spins (coincidentally, 4 x 38), and so we expect that each number should have come up 4 times on average. The wheel has no memory. 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. Atlantic City has a special rule which reduces the house edge to 2.7% on even money bets (Red/Black, Odd/Even, 1-18/19-36): If 0 or 00 comes up on on even money bet, you lose only half your bet. You don't get paid for the win, though, but it's better than losing it outright.