A session ends when the ball lands where it may, and the dealers clear
the board of losing bets (and pay winning ones of course) At this point the
dealer will say 'place your bets' and everyone at the table will start throwing
chips down like crazy. All of your chips of the same
color are worth the same amount. 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. At this point, as you intuition may have mentioned
to you, you can't place any more bets. Split bet - you
can place a single bet on two individual numbers if those numbers are beside
each other on the table layout. 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. 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. Red or Black - you can choose to bet on
the outcome either being a red number, or a black number.
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. 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. The house edge is the same whether you
make one bet per spin or several. you will likely lose money faster the more
bets you make, because you're betting more. 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. Then he'll scoop up all the losing bets towards the dealer area. 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. Remember that
you can bet inside or outside if you like; there's no requirement to bet both on
a given spin. In this way, Roulette is more like slots - one single bet can
win a lot. Black and Red still have equal chances of hitting. 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. 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. Your odds of winning a
one-number bet are 37 to 1 (37 ways to lose, 1 way to win) if you win, the
casino doesn't pay you 37 to 1, they pay you less - 35 to 1. The difference
between the true odds and what they actually pay you is 2/38, or 5.26%.