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. Each player plays with their own color chips. All of your chips of the same color are worth the same amount. Most roulette sessions move at a fairly slow pace, to accommodate the number of people betting, and the variety on which they can bet. There aren't many specific things that can be considered roulette rules at the table, but here's one you shouldn't forget. Now lets take a look at each of the individual bets you can make. Straight-up bet - this is the classic roulette bet. Choose any one of the 38 numbers and put your chips down on that number for the chance to win back at 35 to 1. There are no winning outside bets for 0 or 00 results. There are the different types of outside bets. Low or High - this bet lets you predict whether you think the next number to come up will be part of the range from 1 to 18, or part of the range from 19 to 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. 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. Each player's chips are a different color. 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. In other games the color of the chip denotes the denomination, but in Roulette the color denotes only which player the chip belongs to. Roulette chips can in fact be any denomination - $1, $5, $25, etc. For outside bets, any bet you make has to be the table minimum. " 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. There have been 152 spins (coincidentally, 4 x 38), and so we expect that each number should have come up 4 times on average. The chances of #27 coming up on a given spin are the same, whether it just come up on the last spin or not - 1 in 38. 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 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) If you play Roulette, the most important thing is to find a casino that offers the European wheel (which is called "Single 0" Roulette) The last time we checked, Single 0 Roulette was available at the Stratosphere and the Monte Carlo on the Vegas Strip.