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) Each player plays with their own color chips. All of your chips of the same
color are worth the same amount. 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. 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. 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. Here are the
different bets you can make. In most games players can continue
making bets even while the ball is still spinning. New players often have to be
told this repeatedly the first time they play because they kept forgetting and
because they're excited about collecting their winnings. Each player's chips are a different color. Sometimes the dealer
will ask you "Inside or Outside? " 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. There's no advantage to
limiting yourself to inside or outside. Roulette games have minimum bets, which will be posted on a
placard at the table. It most other games a bet usually wins only even money, but
Roulette gives you the chance to win 35 times your bet (a winning bet placed on
a single number) 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. 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. The
last time we checked, Single 0 Roulette was available at the Stratosphere and
the Monte Carlo on the Vegas Strip. 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.