There are two types of roulette wheels found in the world and they differ very slightly. The American Roulette wheel features two zero slots (0, 00) whereas the European Roulette wheel features only a single zero (0). The house will have a smaller edge on you when you play European Roulette so try and always play this game over American Roulette. In European Roulette the house edge is only 2.7% whereas in American Roulette the house has a 5.26% edge which is quite a bit bigger.
Types of Bets & Odds of Winning (American Roulette Wheel)
Single Number – Betting on a single number pays out 35:1. Odds of winning are roughly 2.6%.
Split – Betting on a split (two numbers) pays out 17:1. Odds of winning are roughly 5.3%.
Street – Betting on a street (three numbers) pays out 11:1. Odds of winning are roughly 7.9%.
Corner – Betting on a corner (four numbers) pays out 8:1. Odds of winning are roughly 10.5%.
First Five – Betting on the first five (0, 00, 1, 2 & 3) pays out 6:1. Odds of winning are roughly 13.2%.
Sixline – Betting on a sixline (six numbers) pays out 5:1. Odds of winning are roughly 15.8%.
Dozens – Betting on the (1st 12, 2nd 12 or 3rd 12) pays out 2:1. Odds of winning are roughly 31.6%.
Columns – Betting on a column pays out 2:1. Odds of winning are roughly 31.6%.
Hi/Lo – Betting on (1-18 or 19-36) pays out 1:1. Odds of winning are roughly 47.4%.
Even/Odd – Betting on even numbers or odd numbers pays out 1:1. Odds of winning are roughly 47.4%.
Black/Red – Betting on black numbers or red numbers pays out 1:1. Odds of winning are roughly 47.4%.
There are some casinos that have different rules for their roulette game, but they often benefit the player so it isn’t a big thing. Generally a good roulette strategy for new roulette players that are just looking to try out the game is to play the outside bets. As you can see from the above chart the odds of winning most of the outside bets are almost 50%. If you get lucky then you can definitely go on a good run and build up your starting bankroll.
If you have some money to gamble with and you want to win more then even money then you should bet on the inside bets. You can bet on single numbers, corners, split numbers and several other options. They all have decent payouts and although the chances of winning them are slim you’d be surprised how many times you can hit if you’re on a roll.