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. Most roulette sessions move at a fairly slow pace, to accommodate the number of people betting, and the variety on which they can bet. The inside bets are made up of specific numbers or combinations of numbers within the number layout, or along the border of it. 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. Fiver number bet - there is only one five number bet available. The outside bets on a roulette board are simply the bets that reside 'outside' of the main playing area of 38 numbers. 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)

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. You don't have to make just one kind of bet for each spin, you can make several, and you win if the ball lands on any of your numbers. That way if two players bet on the same number (or set of numbers), then the dealer knows who to pay, and arguments can't arise over who bet what. 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. 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. Remember that you can bet inside or outside if you like; there's no requirement to bet both on a given spin. It's important to understand that the outcome of the roulette wheel is truly random. The wheel has no memory. You can certainly switch to another number if you want, but that won't improve or worsen your chances. 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.