Whether you play online or in a land-based casino, the variable that makes the difference when betting roulette is preparation. If you’re familiar with how they pay out, you’ll succeed at either.
Inside bets are on a specific number or group of numbers within the inner layout of a roulette table, with lower odds but higher pay-outs than outside bets.
Variations of the game
Outside bets are a great place for beginners or those on a small budget to put their money; there are far more numbers covered, but the odds of winning are much better – and therefore the payout less – than an inside bet. a third of the wheel, with 2:1 payout if you get it right; even and odds is half the wheel, and again pays 1:1.
One of the best table is to hedge your bets. When you hedge, you bet the same number of chips on both black and red or odd and even. This spreads out your bet to ensure the highest possible odds of being rewarded. While that isn’t a lot of extra payout, it still decreases the house edge a little bit. Although it doesn’t improve the odds much, hedging your bets lowers the loss potential considerably and allows the game play to go on for far longer without wagering away your whole how to play roulette and try strategies at minimal costs.
Rules
Roulette betting options include inside bets and outside bets; the former offer lower chances of winning, but higher payouts, which makes them good for novices or players with less bankroll.
The biggest outside bets on the roulette wheel (red/black, odd/even and column/dozen) cover a large sections of the table, but offer much better odds of winning than the individual numbers. A bet covering all the potential winning 12 numbers (column/dozen) means you effectively have a 1/3 chance of winning. If you don’t want to have to learn all the different bets on a roulette table and the odds associated with them, your best bet is to learn how to assess risk. In effect, weighing the risks surrounding different betting strategies against the size of the rewards until such a time that you decide on an option that suits your circumstances best. This means that you into dangerous decisions that might see you losing big. At the same time, you will up your chances of scoring a big win
Payouts
The payouts for inside bet vary significantly according to their odds. Higher volatility bets are more risky, with a low winning probability, while low volatility bets are less risky with a smaller winning potential. It is important that you understand these distinctions, and the effect these have bankroll, before playing roulette.
These bets cover much more of the roulette table and so, are less likely to lose: red or black numbers, odd or even numbers, and high/low numbers (the 1-18 and 19-36 bets) all fit into the outside bet category – and when they do win, they are also paid out at higher rates (usually 2:1 when winning an outside bet!). Outside bets also include columns and dozens, respectively covering three groups of numbers on the wheel.
Strategy
The decision which bet to place is left to you, and depends on both your personal bankroll and attitude to risk. Inside bets offer a higher payout with more dramatic excitement, although they tend to yield less often than outside bets.
Outside bets are the red-and-black, odd/even, hig/low odds – also the dozens, which are bets that are a cinch to place, but don’t enjoy an inside payout.
One of the most popular ‘outside bet’ systems is the 2nd and 3rd Dozens Strategy that covers sixteen numbers in the 13 to 36 range by placing chips on the two rows of even dozen with even bet payout when winning and having the third-lowest house edge of all the outside bets, thus proving invaluable for those who want to maximise their chances of winning, if accompanied by calculated risk management.
