The European roulette
with its 2.7% house advantage. Before doing the
nitty-gritty on American wheel bets betting for
the newbies, here's a language bit on some casino
jargon. "Inside" bets are those involving
any number from 1-36, 0 or 00, or a combination
of any of these numbers. "Outside" bets
are outside the 1-36, 0, 00 real estate and include
"Dozen" bets, "Column" bets,
and "Even-money" wagers.
o The Straight-Up
Bet: The player is betting that a particular
one of 38 numbers, from 1-26, 0, 00, will come up.
He or she places the wagered money directly on that
number.
Payoff: 35 to 1, True
Odds: 37 to 1, Probability: 2.63%, Casino Edge:
5.26%
o The Split Bet:
(also called a two-number bet): The bettor wagers
on two adjacent numbers on the layout. Bets are
placed to overlap the two numbers. With a split
bet you have twice the chance of winning, but the
payoff is half as much.
Payoff: 17 to 1, True
Odds: 18 to 1, Probability: 5.26%, Casino Edge:
5.26%
o The Street Bet:
Players are wagering that one of three numbers will
come up, such as 4, 5, 6 or 22, 23, 24.
Payoff: 11 to 1, True
Odds: 11.67 to 1, Probability: 7.89%, Casino Edge:
5.26%
o The Corner Bet:
Bets are placed at the intersection of lines between
any four numbers that form a square. An example
would be 1, 2, 4, and 5.
Payoff: 8 to 1, True
Odds: 8.5 to 1, Probability: 10.53%, Casino Edge:
5.26%
o The Five-Number
Bet: There is only one five-number bet on the
layout: 0, 00, 1, 2, and 3. It is the worst bet
on the roulette table, with a house edge 50% higher
than any other wager.
Payoff: 6 to 1, True
Odds: 6.6 to 1, Probability: 13.16%, Casino Edge:
7.89%
o The Line Bet:
With a line bet you are betting that one of six
numbers will appear. Bets are placed on the intersection
of two adjacent rows of three numbers, such as,
1, 2, 3, and 4, 5, 6.
Payoff: 5 to 1, True
Odds: 5.33 to 1, Probability: 15.79%, Casino Edge:
5.26%
o Dozen bets:
The roulette table is divided into three sets of
12 numbers, the first (from 1-12), the second (from
13-24), and third (from 25-36). You bet that a particular
number will include the winning number.
Payoff: 2 to 1, True
Odds: 2.17 to 1, Probability: 31.58%, Casino Edge:
5.26%
o Column: Like
the dozen bet, a column bet is a wager on 12 numbers
contained in any one of the three long columns of
numbers located at the opposite end of the wheel.
Payoff: 2 to 1, True
Odds: 2.17 to 1, Probability: 31.58%, Casino Edge:
5.26%
o Even money:
There are three types of even-money bets and they
pay 1 to 1. You can place a bet on high (19-36)
or low (1-18) numbers, red or black, or odd or even.
Payoff: 1 to 1, True
Odds: 1.11 to 1, Probability: 47.37%, Casino Edge:
5.26%
Good
Casinos Home
