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. The inside bets are made up of specific numbers or combinations of numbers within the number layout, or along the border of it. Split bet - you can place a single bet on two individual numbers if those numbers are beside each other on the table layout. 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. The outside bets on a roulette board are simply the bets that reside 'outside' of the main playing area of 38 numbers. 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. 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 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 you're buying chips, to find out whether you're making inside bets (the ones listed in purple in the table, on specific numbers) or outside bets (the ones listed in yellow, on kinds of numbers) If you're asked Inside or Outside, always answer "Both", even if you only intend to bet one or the other. That way, you're not locked in and you always have the ability to change your mind. Roulette chips can in fact be any denomination - $1, $5, $25, etc. Inside bets can usually be as small a you like, as long as the total of all your inside bets is the table minimum. It's important to understand that the outcome of the roulette wheel is truly random. 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. The wheel has no memory. 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) The European wheel has a lower house edge (2.63%) because it has only 37 slots instead of 38 (no 00) On even money bets when 0 comes up, instead of losing right away, your bet is "imprisoned" and rides again for the next spin. If you win the second spin, your bet is "released from prison" and you get it back. In effect, this variation has the ability to turn a loss into a tie.