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. Just sit back and let the ball fall where it may. 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. Fiver number bet - there is only one five number bet available. When you place an outside bet your bet must meet the table minimum. 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. 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. Making a bet is easy - you just place your chip(s) on the number(s), color, or sets you want to bet on. 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. In most games players can continue making bets even while the ball is still spinning. 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. Roulette games have minimum bets, which will be posted on a placard at the table. In this way, Roulette is more like slots - one single bet can win a lot. 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. Here's another example: Since there are 38 slots on the wheel, we expect any given number to hit 1 out of 38 spins on average. 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. The wheel has no memory. if you win, the casino doesn't pay you 37 to 1, they pay you less - 35 to 1. 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. If you win the second spin, your bet is "released from prison" and you get it back.