At this point the dealer will say 'place your bets' and everyone at the table will start throwing chips down like crazy. If you have a player you likes to put down twenty different bets each time they play, the sessions are going to move a little slower. Now lets take a look at each of the individual bets you can make. The inside bets are made up of specific numbers or combinations of numbers within the number layout, or along the border of it. Split bet - you can place a single bet on two individual numbers if those numbers are beside each other on the table layout. Fiver number bet - there is only one five number bet available. The outside bets on a roulette board are simply the bets that reside 'outside' of the main playing area of 38 numbers. This is different than inside bets, where the total of all of your inside bets must meet the table minimum. Red or Black - you can choose to bet on the outcome either being a red number, or a black number. 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.

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) Here are the different bets you can make. In most games players can continue making bets even while the ball is still spinning. 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. Roulette chips can in fact be any denomination - $1, $5, $25, etc. Roulette games have minimum bets, which will be posted on a placard at the table. For outside bets, any bet you make has to be the table minimum. 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. Black and Red still have equal chances of hitting. The wheel has no memory. It's more important to know what the house edge is, than how to calculate it, but here's a quick analysis in case you're interested. 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 European wheel has a lower house edge (2.63%) because it has only 37 slots instead of 38 (no 00) The last time we checked, Single 0 Roulette was available at the Stratosphere and the Monte Carlo on the Vegas Strip. 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.