Roulette is a game of probabilities. In this game, players are free to bet on one of the following: either even or odd number, red or black color, and single or multiple numbers. The game involves spinning a wheel in a given direction and the ball in the opposite direction on a tilted circular track. The ball runs around and within the circumference of the wheel for a while and then loses the momentum and fall.
It can fall into any of the thirty seven or thirty eight numbered or coloured pockets on the wheel. If the ball falls in the pocket that you had placed a bet on, then you are declared a winner, otherwise you lose. A standard European roulette has thirty seven pockets while a standard American roulette has thirty eight pockets.
In a fairly played game, the probability of each number or colour coming out is equal. A bet on a single number has less probability of coming out than a bet on a range of numbers. Therefore the lesser the probability of a bet the higher the payout. There are different types of roulette bets. A standard roulette has two major types of bets; inside bets and outside bets.
Roulette Bets: Inside Bets
This type of bets involves placing bets on numbers inside the table. It has other sub categories as listed below:
Inside Bets: Straight Bet
This type of bet involves placing a bet on a specific single number during the next spin. In this case you are given 35-1 as the Casino odds. This means that the amount you bet is multiplied by 35 if the ball lands on the number you placed the bet. However, if the ball falls on any other number apart from the one you placed the bet on, then you lose everything.
Inside Bets: Split Bet
This involves placing a bet on two adjacent numbers on the table during the second spin. The Casino odds for these bets is 17-1. In this case, your wage is multiplied by 17 if the ball falls on one of the two numbers that you placed the bet on. Unfortunately, should the ball fall on any other number apart from the ones you placed the bet on, then you suffer losing everything.
Inside Bets: Stream Bet
This type of bet involves placing a bet on three adjacent numbers of a particular row on the table on the next spin. It is also called a trio bet or a street bet. The payout for this type of bet is 11-1. You will get eleven times the amount you bet if the ball happens to fall in one of the three numbers you had chosen. Otherwise, you will lose everything including the amount you had bet.
Inside Bets: Square Bet
This type of bet is also called a four number bet. A bet is placed on the four adjacent numbers that form a square such as 7, 8, 10 and 11. The casino odds on this type of bets is 8-1. If the ball falls in one of the four numbers, then you are given eight times the amount you bet. If it fails to fall on any of the four, then you lose everything including your bet.
Inside Bets: Five Number Bet
Unlike other previous bets that allowed participants to choose a range of numbers for betting, this type of bet limits the participant to 0, 00, 1, 2 and 3. This means that the ball must fall in one of the specified numbers on the next spin for you to win. The payout for this type of bet is 6-1. If the ball falls in any one of them, then you receive six times the amount you bet.
Inside Bets: Six Number Bet
This type of bet involves placing a bet on six consecutive numbers of the table layout. The numbers must be chosen from two consecutive rows of the table. For example, 4, 5, 6, 7, 8 and 9. If the ball falls in one of the chosen range of numbers, then you are declared the winner. Otherwise you lose. The odds for this type of bets is 5-1. This means that winners receive five times the amount they bet.
Roulette Bets: Outside Bets
As a main category, Outside Bets has other sub categories as shown below.
Outside Bets: Red
This type of bet involves placing a bet on the red coloured pocket. The odds for this type of bet is one to one. This means that winners receive their amount back, together with additional amount, equal to the one you bet. Losers lose everything.
Outside Bets: Black
This is simply betting that the ball will fall on the black colored pocket. Casino odds for this type of bet is similar to that of red.
Outside Bets: Odd
This type of bet involves placing a bet on an odd number. If the ball falls on the odd number, then you are declared the winner. Similar to red and black, the return is 1-1. Winners get their amount back plus another equal amount for winning. Losers lose everything including their amount of bet.
Outside Bets: Even
This is exactly the opposite of the odd bet. It involves placing a bet on the even number. The payoff of this type of bet is 1-1. Winners get an equal extra amount on top of their amount of bet.
Outside Bets: High Bet
It involves placing a bet on a range of numbers, nineteen to thirty six. If the ball lands on any of the numbers between 19 and 36, then he is declared the winner. The payout for this bet is one to one.
Outside Bets: Low Bet
This involves placing a bet on the range of numbers, one to eighteen. If the ball falls on any of the numbers between and including one to eighteen, then you are declared the winner. The rest of details including the payoff are similar to the high bet.
Outside Bets: Dozen
This involves placing a bet on the three dozens of numbers; one to twelve, thirteen to twenty four and twenty three to thirty six. If the ball falls on any of the numbers within the dozen you chosen, then you are declared the winner. The payoff for this type of bet is 2-1. Winners receive double the amount they bet on top of the original amount of bet.
Outside Bets: Column
This involves placing a bet on one of the columns of twelve numbers. If the ball falls on any number of the chosen column, then you win. The payoff is similar to dozen bets.
Roulette Bets – The Cheat Sheet
#1 Straight Bet. Do you have a lucky number? This is for you. The Straight bet is when you bet on any individual number. Though this is the hardest to predict, it also has the largest payout available to win in Roulette.
#2 Split Bet. The Split Bet is the when you place a bet on the line connecting any two numbers vertically or horizontally. If either of the two numbers that you bet on comes up, you win.
#3 Street Bet. The Street bet is a bet consisting of three numbers. For example if you were to place a bet on the outside line of the number 13, you would be betting on the three numbers in that row, so if 13,14 or 15 lands than you win.
#4 Five Number Bet. Only in American Roulette can this bet be placed and you would be betting on 1, 2, 3, zero or double zero to land. You place your bet on the outside line connecting 1 and the single zero.
#5 Corner Bet. By placing your bet in the middle of any four numbers, you would be placing a corner bet. So if you were to place your chip where the edges of the numbers 25, 26, 28, and 29 meet you would win if any of the four numbers land.
#6 Line Bet. Place your bet in between any two numbers on the outside of the table, ie. 19 and 22 than you would be betting on 19, 20 and 21 as well as 22, 23 and 24.
#7 Dozens Bet. Along the outside of the board you will see spots marked 1st 12, 2nd 12 and 3rd 12. The 1st covers 1-12 the 2nd covers 13-24 and the 3rd covers 25-36.
#8 Column Bet. Similar to the Dozens Bet, you place your chip underneath the 34, 35 or 36. By placing under the 35 you bet on all numbers in column above 35
#9 Red or Black Bet. You’re betting on which color you think will come up.
#10 Even or Odd Bet. Will it be an Even or Odd Number?
#11 High Low Bet. Cuts board in half with low being 1-18 and high being 19-36PlayRoulette.org » For Dummies » Roulette Bets