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. Most roulette sessions move at a fairly slow pace, to accommodate the number of people betting, and the variety on which they can bet. At this point, as you intuition may have mentioned to you, you can't place any more bets. Now lets take a look at each of the individual bets you can make. The inside bets are made up of specific numbers or combinations of numbers within the number layout, or along the border of it. On inside bets, the total of all of your bets must add up to at least the table minimum. 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. Fiver number bet - there is only one five number bet available. 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)

Each player's chips are a different color. 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. That way, you're not locked in and you always have the ability to change your mind. Minimum bets work differently for inside and outside bets. In this way, Roulette is more like slots - one single bet can win a lot. It's important to understand that the outcome of the roulette wheel is truly random. 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. 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. It's more important to know what the house edge is, than how to calculate it, but here's a quick analysis in case you're interested. On an American wheel, there are 38 spots - numbers 1-36, plus 0 and 00. Your odds of winning a one-number bet are 37 to 1 (37 ways to lose, 1 way to win) The difference between the true odds and what they actually pay you is 2/38, or 5.26%. The European wheel has a lower house edge (2.63%) because it has only 37 slots instead of 38 (no 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.