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. After the ball has started spinning, the dealer will wave his hands across the table and say 'no more bets'. Now lets take a look at each of the individual bets you can make. There are no winning outside bets for 0 or 00 results. When you place an outside bet your bet must meet the table minimum. There are the different types of outside bets. 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. Columns - at one end of the set of 38 numbers are boxes with the words '2 to 1' written in them. 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. you will likely lose money faster the more bets you make, because you're betting more. When the ball is getting ready to drop, the dealer will wave his hand over the table, which means "No more bets". 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. 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 chips can in fact be any denomination - $1, $5, $25, etc. Roulette games have minimum bets, which will be posted on a placard at the table. 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. If Black has come up for the last 10 spins in a row, the next spin is not more likely to be Red. 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. The difference between the true odds and what they actually pay you is 2/38, or 5.26%. European games have an option called en prison which reduces the house edge to 1.35%, but it's generally not available in the U.S., even in casinos that use the European wheel. 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.