Roulette Betting Guide
Table games at online and land-based casinos offer some of the most profitable gaming experiences. However, many players shy away from games like Craps and Roulette, as they seem to be more complex than games like Slots and Video Poker. The wide range of bets available to players often makes Roulette an intimidating choice for casino players, but an examination of each type of wager will make playing – and winning – the game of Roulette much easier.
There are two major types of bets: inside bets and outside bets. Inside bets are placed on a number or a combination of numbers. Outside bets are placed on either red or black, odd or even, or high or low. Inside bets involve higher payouts than outside bets as they are less likely to win.
A straight roulette bet is one that is wagered on one particular number. The probability of winning is just over 2.6% but the payout is 35-to-1. A corner bet gives players the chance to bet on a combination of four numbers as long as they form a square on the betting board. The odds of winning are 10.5% and the payout is 8-to-1. Street bets are those that wager on a row of numbers; the odds are 7.89% and the payout is 11-to-1. The final type of inside bet is the split bet, in which players can wager on two numbers that are beside each other on the betting board. The odds of winning are 5.26% and it pays 17-to-1.
Outside bets are much easier to understand, and they are far more popular among both online roulette and land-based roulette players. Red or black and odd or even wagers have a 50/50 chance of winning, as the odds of landing on red are the same as the odds of landing on black – and the same goes for odd and even numbers. The payouts for these bets are just 1:1. High or low bets are similar, as players can wager on numbers 1 – 18 or 19 – 36 and the payout is also 1:1. Column bets require players to bet on a 12-number column on the betting board and a successful wager offers a 2-to-1 payout. Similarly, there are dozen bets, where players can wager on the first (1 – 12), second (13 – 24) and third (25 – 36) numbers on the wheel. This wager offers the same odds as a column bet.
Many roulette players who try the game for the first time make the mistake of jumping right in and not learning the odds of winning for each wager. Knowing the basics about the types of bets that are available in roulette players makes all the difference between a successful gaming experience and a losing one.