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. Each roulette table moves in
sessions, each session is associated with a spin of the wheel and that spin's
result. Split bet - you
can place a single bet on two individual numbers if those numbers are beside
each other on the table layout. The outside bets on a roulette board are
simply the bets that reside 'outside' of the main playing area of 38 numbers. There are no winning outside bets for 0 or 00 results. When you place an outside
bet your bet must meet the table minimum. 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.
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. now, let's see how to play roulette. For most bets it's fairly obvious - you can't miss the
Red diamond for Red bets, and things like Even, 1-18, and 1st 12 are written out
in plain English. In most games players can continue
making bets even while the ball is still spinning. When the ball is getting
ready to drop, the dealer will wave his hand over the table, which means "No
more bets". That way, you're not locked in
and you always have the ability to change your mind. 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. For outside bets, any bet you make has to be the table minimum. 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) 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! 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. There have been 152 spins (coincidentally,
4 x 38), and so we expect that each number should have come up 4 times on
average. On an American wheel,
there are 38 spots - numbers 1-36, plus 0 and 00. 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. You don't get paid for the win, though, but it's better than losing
it outright.