Roulette tutorials - types of bets and odds

Posted on July 29, 2008
Filed Under Roulette |

Although roulette is a game of chance, players can still improve their percentage of winning by knowing odds and understanding the different types of bets. The roulette board allows players to make various bets. Each bet a player can make is associated with an odd and a payout ratio. The higher the payout ratio is the lower the player’s odds are.

Straight Bet or Single-Number Bet

This is a very basic bet, where a player bets only one number by putting the chip(s) in the center of the square on the number they think will win. The payout ratio for this bet is 35 to 1. However the odds are 1 in 38, or 2.63%.

The 0 and 00

This is another simple bet, where the player puts the chip(s) in the 0 and/or 00 space. Again the payout ratio is 35 to 1; the odds are 1 in 38, or a 2.63%.

Split Bet or Two-number Bet

Here the player puts the chip(s) on any line separating two numbers. This indicates to the dealer the player is betting 2 numbers. If the ball lands in either of the two numbers the player will win. The payout ratio for this bet is 17 to 1 and the odds are 1 in 18 or, 5.26%.

Street Bet or Three-number Bet

There are three columns of numbers; in order to make this bet, the player puts the chip(s) on the outside line of the roulette table. This will indicate the three numbers the player is betting. If the ball lands in one of the three numbers the player will win. The payout ratio for this bet is 11 to 1 and the odds of winning are 1 in 11.6, or 7.89%.

Square Bet, Quarter bet, Corner Bet or Four-number Bet

Here the player puts the chip(s) on the intersection of the lines between any four numbers on the board. This indicates to the dealer the player is betting four numbers and if any of these are the winning number then the player will win. The payout ratio for this bet is 8 to 1 and the odds are 1 in 8.5, or 10.53%.

Line Bet or Five-number Bet

This is where the player chooses the numbers 1, 2, 3, 0, and 00 by putting the chip(s) on the at the corner intersection of the line separating the 1, 2, 3 from the 0 and 00 spaces. The payout ratio for this bet is 6 to 1 and the odds are 1 in 6.6, or 13.16%.

Line Bet or Six-number Bet

This bet is like the three-number bet, but instead the player puts the chip(s) on the outside line of the roulette table and in-between two 3 number bets. This will indicate to the dealer the six numbers the player wishes to bet. If any of these six numbers is where the ball lands the player will wins. The payout ratio for this bet is 5 to 1 and the odds are1 in 5.3, or 15.79%.

Column Bet or 12-number Bet

Here the player puts the chip(s) on one of the three blank spaces at the bottom of the roulette layout. This indicates to the dealer the player is betting all 12 in the column. The payout ratio for this bet is 2 to 1 and the odds are 1 in 2.16, or 31.58%.

Dozens or 12-number Bet

Here again the player is betting 12 numbers however, the player puts the chip(s) on one of the spaces labeled “1st 12,” “2nd 12,” or “3rd 12.” The “1st 12″ bet means the player is betting the numbers 1-12. The “2nd 12″ bet means the player is betting on the numbers 13 to 24 and the “3rd 12″ be means the player is betting the numbers 25 to 36. The payout ratio for this bet is 2 to 1 and the odds are 1 in 2.16, or 31.58%.

Low-number Bet (1 to 18)

The player puts the chip(s) on the space labeled “1 to 18.” This means the player is betting the number 1 to 18. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1 in 1.1, or 47.37%.

High-number Bet (19 to 36)

The player puts the chip(s) on the space labeled “19 to 36.” This means the player is betting the number 19 to 36. The payout ratio for this bet is 1 to 1 and the odds are 1 in 1.1, or 47.37%.

Odd-number Bet

The player puts the chip(s) on the space labeled “Odd.” This means the player is betting all the odd numbers on the roulette wheel. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1 in 1.1, or 47.37%.

Even-number Bet

The player puts the chip(s) on the space labeled “Even”. This means the player is betting all the even numbers on the roulette wheel, not including 0 or 00. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1 in 1.1 or 47.37%.

Black Color Bet

The player puts the chip(s) on the space labeled “Black.” This means the player is betting the color black. If the ball lands in a space that is colored black, regardless of the number the player wins. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1 in 1.1, or 47.37%.

Red Color Bet

The player puts the chip(s) on the space labeled “Red.” This means the player is betting the color red. If the ball lands in a space that is colored red, regardless of the number the player wins. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1, in 1.1 or 47.37%.

The reason it is never a full 50% is because of the 0 and 00 are not considered to be an even or an odd number. Also, the 0 and 00 are neither black nor red; they are in fact green.

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