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. When the new session starts you can put your
chips down where you want to bet, and you don't really have to be in a hurry. After the ball has started spinning, the dealer will wave his hands across the
table and say 'no more bets'. Now lets take a look at each of the individual bets you can make. 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. 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. 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.
Roulette is the game where you guess where the little marble is going to drop
on the spinning wheel. 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. You should always calculate your expected
loss and how long you can play on a given bankroll before playing any game, but
with roulette it's especially important. Making a bet is easy - you just place your chip(s) on the number(s), color, or
sets you want to bet on. When the ball is getting
ready to drop, the dealer will wave his hand over the table, which means "No
more bets". Sometimes the dealer
will ask you "Inside or Outside? There's no advantage to
limiting yourself to inside or outside. When you buy in, tell the dealer what denomination you want. Remember that
you can bet inside or outside if you like; there's no requirement to bet both on
a given spin. It most other games a bet usually wins only even money, but
Roulette gives you the chance to win 35 times your bet (a winning bet placed on
a single number) 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. There's an old saying,
"The wheel has no memory. 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. There have been 152 spins (coincidentally,
4 x 38), and so we expect that each number should have come up 4 times on
average. You can certainly switch to
another number if you want, but that won't improve or worsen your chances. Your odds of winning a
one-number bet are 37 to 1 (37 ways to lose, 1 way to win) If
you win the second spin, your bet is "released from prison" and you
get it back.