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 player plays with their own color chips. There aren't many specific things that can be considered roulette rules at the table, but here's one you shouldn't forget. After the ball has started spinning, the dealer will wave his hands across the table and say 'no more bets'. At this point, as you intuition may have mentioned to you, you can't place any more bets. 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. Corner bet - lets you bet on four adjoining numbers. Placing your chips at the point where four numbers meet will indicate you want a corner bet. When you place an outside bet your bet 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.

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. When the ball falls into a slot, the dealer will announce the number and the color, and place a marker on the layout where the winning number is. Each player's chips are a different color. Sometimes the dealer will ask you "Inside or Outside? 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. There's no advantage to limiting yourself to inside or outside. 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 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. Remember that you can bet inside or outside if you like; there's no requirement to bet both on a given spin. If Black has come up for the last 10 spins in a row, the next spin is not more likely to be Red. Black and Red still have equal chances of hitting. 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. 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.