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. 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. If you have a player you likes to put down twenty different bets each time they play, the sessions are going to move a little slower. 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. 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. Red or Black - you can choose to bet on the outcome either being a red number, or a black number. 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.

You should always calculate your expected loss and how long you can play on a given bankroll before playing any game, but with roulette it's especially important. 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. 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. When the ball is getting ready to drop, the dealer will wave his hand over the table, which means "No more bets". Then he'll scoop up all the losing bets towards the dealer area. 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. " 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) There's no advantage to limiting yourself to inside or outside. Roulette chips can in fact be any denomination - $1, $5, $25, etc. 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 European wheel has a lower house edge (2.63%) because it has only 37 slots instead of 38 (no 00) 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. If you win the second spin, your bet is "released from prison" and you get it back. In effect, this variation has the ability to turn a loss into a tie.