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. A session ends when the ball lands where it may, and the dealers clear
the board of losing bets (and pay winning ones of course) At this point the
dealer will say 'place your bets' and everyone at the table will start throwing
chips down like crazy. All of your chips of the same
color are worth the same amount. 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. Street bet - this is a bet not unlike a split.
It allows you to bet on three different numbers with the same bet. There
are the different types of outside bets. Red or Black - you can choose to bet on
the outcome either being a red number, or a black number. 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)
you will likely lose money faster the more
bets you make, because you're betting more. Don't reach for your winnings until the dealer
removes the marker, or the dealer will scold you. 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 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. 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 games have minimum bets, which will be posted on a
placard at the table. Minimum bets work differently for inside and outside bets. 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! There's an old saying,
"The wheel has no memory. 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. You can certainly switch to
another number if you want, but that won't improve or worsen your chances. 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. On an American wheel,
there are 38 spots - numbers 1-36, plus 0 and 00. if you win, the
casino doesn't pay you 37 to 1, they pay you less - 35 to 1. 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. 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.