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. All of your chips of the same color are worth the same amount. 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. On inside bets, the total of all of your bets must add up to at least the table minimum. 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. There are no winning outside bets for 0 or 00 results. 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. 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)

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. 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, you're not locked in and you always have the ability to change your mind. There's no advantage to limiting yourself to inside or outside. Roulette chips can in fact be any denomination - $1, $5, $25, etc. When you buy in, tell the dealer what denomination you want. Roulette games have minimum bets, which will be posted on a placard at the table. Minimum bets work differently for inside and outside bets. For outside bets, any bet you make has to be the table minimum. Inside bets can usually be as small a you like, as long as the total of all your inside bets is the table minimum. Remember that you can bet inside or outside if you like; there's no requirement to bet both on a given spin. 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. 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. On even money bets when 0 comes up, instead of losing right away, your bet is "imprisoned" and rides again for the next spin.