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 roulette table moves in
sessions, each session is associated with a spin of the wheel and that spin's
result. 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. Street bet - this is a bet not unlike a split.
It allows you to bet on three different numbers with the same bet. 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)
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. When the ball is getting
ready to drop, the dealer will wave his hand over the table, which means "No
more bets". When the ball falls into a slot, the dealer will announce the
number and the color, and place a marker on the layout where the winning number
is. Then he'll scoop up all the losing bets towards the dealer area. 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. " 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) 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. There's no advantage to
limiting yourself to inside or outside. Roulette chips can in fact be any denomination - $1, $5,
$25, etc. Minimum bets work differently for inside and outside bets. In this way, Roulette is more like slots - one single bet can
win a lot. It's important to
understand that the outcome of the roulette wheel is truly random. The
last time we checked, Single 0 Roulette was available at the Stratosphere and
the Monte Carlo on the Vegas Strip. 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. You don't get paid for the win, though, but it's better than losing
it outright. In effect, this variation has the ability to turn a loss into a tie.