The roulette wheel is a round wheel that spins .A ball is dropped onto the spinning wheel and the objective is to predict which number or slot on the roulette wheel the ball will land. Depending on how you place your bet, the payout ratio will vary.
There are two types of Roulette, European Roulette and American Roulette.
EUROPEAN ROULETTE
1. The roulette wheel has 37 slots.
2. On the European Roulette wheel there is only one "0". This "0" was added by a man from France called Loius Blanc in order to increase the house odds.
3. The house advantage in European Roulette is a fair 2.7%.
AMERICAN ROULETTE
1. The roulette wheel has 38 slots.
2. On the American Roulette wheel there is an additional "00". This "00" was added by the Americans in order to further increase the house odds.
3. The house advantage on American Roulette is a 5.3%.
COMMON TERMINOLOGY
Straight Bet
A straight bet at the roulette table is a bet on any single number and it pays 35:1. The roulette bet with the highest payout ratio is the straight bet.The Split Bet
The split bet is a bet on two numbers and it pays 17:1.The Street Bet
The street bet is a three number bet from a horizontal line on the table and the payout is 11:1.The Corner Bet
A corner bet which is a bet on a block of four numbers pays 8:1.The Line Bet
The line bet pays 5:1 and is a bet on six numbers in two rows.The Column Bet
The column bet is betting on three vertical columns and pays out 2:1.The Dozen Bet
The dozen bet pays out 2:1 as well and is a bet on sets of twelve numbers, low, middle and high.The Even Bet
The even bet is money for money. The payout is 1:1. Roulette players placing an even bet can bet on even or odd, black or red or high and low.
ROULETTE STRATEGY
My grandmother an avid Roulette player has always said to me "Son, you cannot beat a Roulette table unless you steal money from it." But there are still many who claim that there are roulette strategies that work.
For example,The Martingale betting strategy calls for the roulette player to double the original amount wagered after each loss, but it is also said that this system could never work.
There are many such strategies that roulette players will employ in attempt to overcome the advantage the house has and rumor has it that none of them work.
There have been some roulette players who used computers to calculate where the ball was likely to fall and some were historically successful in momentarily beating the roulette house odds, but there are also famous accounts of huge luck gambles that turned out huge roulette winners as well.
Roulette is one of the most popular online casino games because it is so easy to learn.
Most systems seek to win by increasing stakes on losses. Soon, you find yourself chasing an original loss of 10 Euro with a bet of 300Euro - and all depending on a small bouncy ball. Most systems play on the greed of players keen to win all the time, encouraging them to recoup losses quickly whether by doubling up (the Martingale) or by even more aggressive strategies.
In contrast, playing with patience and discipline eliminates the need to make large bets to recover earlier losses. Chasing losses is a LOSERS game. Rather, after every losing bet, either reduce the stake if possible or at least even bet.
Even better is to wait for a win and then increase your stake. A safer alternative is to win two bets in a row and return to the base even bet, looking always only to win two bets in a row with the second bet 50% higher than the first.