Live Roulette Bet Types
When it comes to betting in roulette there are many options. IN fact, betting is the only way to really play this game so it is important to understand outside bets, inside bets, and the like. The following illustrations will show you where the bets go, what they mean, and their corresponding payouts.
Roulette: Outside Bets
When bets are placed along the edge of the roulette betting area, sometimes called the outside of the table, then these are considered outside bets. Outside bets traditionally win more frequently, however they don’t have very large payouts compared to inside bets. If you like to win, even if it is just a little bit, then go for the outside bet. The rule that must be observed for outside bets is that the bet be within the parameters of the minimum and maximum bets posted. Usually there is a higher minimum for the outside bets. The following is a list of the outside bets you can make in roulette:
Red or Black Bets (table illustrated below)
In roulette, you can bet on the spin that the ball will land on one of these colors, black or red. You just guess the color you think the ball will land on and place your bet. Making this bet is easy and all you have to do is put your chips on one of the colored diamonds at the bottom of the board. Below you will see an example of a bet placed on the red square. For illustration purposes the black pockets have been shaded black to highlight the different red pockets that are bet on if you chose to bet on red.
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Roulette Payout for Red and Black Bets
Should the ball land on the color you bet on then you win and receive your payout in even money. An example of this would be if you bet $20 on black and the ball landed on black. Not only would you keep your initial $20 bet, but you would also win $20. When you lose, you lose the entire wager.
Roulette’s House Edge for Red and Black Bets
As stated earlier, the house edge depends on whether you are playing American or French roulette. American roulette has a higher house edge of 5.26%. This means that if you bet $100 you would lose $5.26 to the house on each wager. The house edge on single zero wheels is only 2.7% so this means that you only lose $2.70 for every $100 bet. The house edge for American roulette is practically double that of French roulette.
En Prison Rule
En Prison is a term used in Europe for even money bets on the single zero wheels. It means what is sounds like and the bets are considered “in prison” if and when the ball lands on the 0. In this situation the bet is not lost. Rather, the bet stays through the next round and this round is what decides the bet. Basically, being “in prison” is a good thing because it is a second chance. The house edge when the en prison rule is used drops down to 1.39%.
Half Back Rule
Some European casinos implement the half back rule instead of the en prison rule. This rule simply means that if you have even money bet and the ball lands on 0 then you only lose half your bet. AN example of this would be on a $100 bet you lose $50 and keep $50 when the ball lands on 0. When the half back rule is in place the house edge for red/black drops down to 1.35%.
Sometimes the half back rule shows up in Atlantic City with its double zero roulette wheels. In this case, the house edge is 2.63% and you lose half your bet when the ball lands on either 0 or 00.
Odd or Even Bets (table betting on odd illustrated below)
Another type of betting is choosing either odd or even. In this bet you must choose that the next number the ball will land on will either be odd or even. When you bet odd/even you must place the number of chips you want on the bottom of the table where it is marked “odd” or “even.” The illustration below shows a chip placed on the "odd" pocket. The visible odd numbers are the bets that are valid.
Payout
The payout for odd/even bets is even money if the ball lands on your bet. What this means is that if you bet $20 and lose then you lose your entire bet. However, if your bet $20 and win then you keep your original bet and are paid $20.
House Edge
The regular house edge is 5.26% for double zero wheels and 2.70% for single zero wheels. Depending on the other rules in place the house edge can drop like with the en prison rule that reduces the house edge on odd/even bets to 1.39% and the half back rule takes the house edge down to 2.63% on double zero wheels and 1.35% on single zero wheels.
Low or High Bets (table below illustrates betting on low)
A bet that is made that the next spin will result in a number that is either high or low is considered a high/low bet. You choose between numbers 1-18 that are considered to be low numbers or 19-36 that are considered high numbers. If you want to make this bet you take your chips and place them on the spot on the bottom of the table that is either 1-18, on the left, or 19-36 on the right. The illustration below shows a chip placed on the "low", 1 through 18 pocket. The highlighted portion in the valid bet.
Payout
The payout for low/high bets is like the others mentioned at even money. If you lose, then you lose your entire bet. However, if you win and you bet $20 then you will receive your original bet back and an additional $20 in winnings.
House Edge
This bet has the same house edge as the bets mentioned above. On double zero wheels the house edge for a low/high bet is 5.26% and for single zero wheels it is almost cut in half to 2.70%.
It is not uncommon to find low/high bets used in conjunction with other rules like half back or en prison. When these rules are in place the house edge drops to 1.35% and 1.39%, respectively, for single zero tables. Tables with double zeros employing the half back rule have a house edge of 2.63%.
The Dozens
Betting on the dozens is a fun way to bet on a lot of numbers at once. This simply means that you choose a group of 12 numbers to bet on. They are broken up into groups that include 1-12, 13-24, and 25-36. On the table you will notice three squares that say “1st 12”, “2nd 12” and “3rd 12”. You choose the dozen you want to bet on and place your chips there.
Payout
The payout for betting on the dozens is 2:1. This means that for a win you will win $2 for every $1 that you wagered. If you chose to bet on the 1st 12 $10 and you win then you will keep your original bet of $10 and win $20. Losing bets lose the entire wager.
House Edge
The house edge for this bet is the same as the house edge for the other bets mentioned above.
The Columns (example of column betting displayed below)
If you like betting on lots of numbers at once then you may like betting the columns. This is also betting on a set of 12 numbers. You look at the columns to see the numbers that are in each one and then choose the 2 to 1 space at the bottom of the column you want to bet on. Each column has numbers that increase in increments. The first column has numbers of 1-34 counting by threes while the second column ahs 2 to 35 and the third column 3 to 36.
Payout
The payout for the columns bet is at 2:1 odds. You simply choose the column you want to bet on and see if it wins. The way you know you win is if the ball lands on one of the numbers in your column. The w3ay the 2:1 payout works is that you keep your wager and win double what you bet. A $10 bet would win $20.
House Edge
The house edge is the same for betting on the columns, too, at 5.26% for double zero wheels and 2.70% for single zero wheels.
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