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. You trade in
your checks (which most people think of as regular casino chips, but they're
actually called checks) for roulette chips when a new session starts, and the
dealer assigns you a number and denomination. All of your chips of the same
color are worth the same amount. After the ball has started spinning, the dealer will wave his hands across the
table and say 'no more bets'. Street bet - this is a bet not unlike a split.
It allows you to bet on three different numbers with the same bet. Fiver number bet - there
is only one five number bet available. 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. 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 is the game where you guess where the little marble is going to drop
on the spinning wheel. Making a bet is easy - you just place your chip(s) on the number(s), color, or
sets you want to bet on. 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. 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. 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. If Black has
come up for the last 10 spins in a row, the next spin is not more likely to be
Red. " That means it doesn't know what it spun
before, and even if it did, the wheel can't select what number comes up out of
its own volition. 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 difference
between the true odds and what they actually pay you is 2/38, or 5.26%. 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. In effect, this variation has the ability to turn a loss into a tie.