If you are a novice in gambling, this article is for you. Gamblers play Roulette on a revolving Roulette wheel which is divided into 37 or more numbered sections. Every wheel has slots from 0 to 36. Some Roulette wheels have an additional slot for a double zero (00). There is also a Roulette table in the game.
What are the game basics?
This table carries all the numbers on the wheel. All these numbers are arranged in a particular order. Thus, while you have individual numbers on this table, you also have High/Low, Black/Red numbers. Bettors place bets on this Roulette table when the ball is placed on the wheel. You can lay two kinds of bets- Inside and Outside.
- There are three versions of Roulette, European, French and American.
You place Inside bets on individual numbers, such as 1, 2, 3, etc. The payout of these Straight bets is 35:1. There are other Inside bets as well. For example, you can place bets on the line separating two numbers, e.g. 2/3. The payout of this Inside bet is 17:1. Please continue reading this article.
What are some other Inside bets?
In a Trio or Street bet, you lay bets on a row comprising 3 numbers, e.g. 2,3,4. If your bet comes true, you win in the ratio 11:1. There is another Inside bet and that is the Corner Bet. Here you are laying bets on any number which is a part of 4 numbers which form a corner.
The payout of a Corner bet is 8:1. A Line bet comprises two rows of 3 numbers each and aligned in parallel. The payout is 6:1. There is a Five-Number bet in American Roulette (00, 0, 1,2, and 3). Its payout is 6:1. Its equivalent in European bet is the Basket bet (0,1,2, and 3).
What are Outside bets?
You lay these bets on High/Low, Odd/Even and Red/ Black numbers. The corresponding payouts are 1:1. You can also lay bets on numbers in Columns and Dozens. There are three columns in the Roulette table as you can see. Similarly, there are three groups of dozen numbers (1-12, 13-24, and 25-36). Double and Column bets pay 2:1.
As you can see, Outside bets have lower payouts than Inside bets. This has to do with the higher odds of the former. There is always an inverse relationship between odds and payouts. New players should place more Outside bets initially. As they mature into becoming better players, they can start placing Inside bets as well.
What are the top Roulette strategies?
While you can reduce the house edge significantly using several strategies, there is no perfect strategy as such. House edge is the mathematical advantage that a casino enjoys over a game. For Roulette, this house edge is approximately 5%. You can use the Fibonacci betting strategy to reduce this advantage. How does it work?
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Thus strategy works in the series 1,1,2,3,5, etc. This means your first bet is $1, then $1 again, and so on. You continue increasing your bets in this fashion until you win your last bet and recover all your past losses. Since many casinos have upper gambling limits, you can't use Fibonacci in every situation.
Are there other betting strategies?
Yes, you can also use the Martingale betting strategy. Here, you double your next bet upon losing, but halve it upon winning. The basic assumption is that you are going to win your bet eventually at some point of time. However, you need to have a very big bankroll to execute this strategy.
In the Grand Martingale strategy, you add your initial bet amount to your 'double bet'. This strategy is similar to the one we discussed earlier. However, since many Roulette tables set betting limits, you can't execute the Grand Martingale tactic in every casino. Please note that Roulette. like other games. is mostly about luck.