Online Roulette Bets

Roulette bets are easy to understand but knowing the house edge against any roulette bet will improve your winnings.  This section contains the probability of winning, payoff and the casino edge.

Roulette has 2 minimum bets; outside bets, even money bets and 2 to 1 wagers, the other is inside bets; for number bets.  There is usually no limit to the amount of minimum bets that can be made and the only limit is that a casino may impose is that of a maximum bet of usually $1000 on any single bet but it may be raised for the high-roller.  Outside bets are usually required to be that of the table minimum but if you have fulfilled the minimum amount on a single outside bet you are usually able to place smaller bets on other outside bets.  For example, once you have placed a $5 or more  bet on any even money wager you are allowed to place $1 or more bets on any other outside bets.  Any amount of Inside bets can be made as long as they total the minimum amount required.  For example on a $5 dollar table you will be allowed to make 5 $1 inside bets (or more if you wish).  TIP, your original bet stays on the table if you win unless you pick it up.

The following payouts are that of American Roulette, if you are a serious player I recommend you play at the European Roulette tables as the extra 00 stop in American Roulette increases the house edge by a massive 5.25%.  Single 0 tables reduce the house edge to 2.70%.

Outside Bets Defined:

These bets are placed on areas outside the numbers.

• Column bets or Dozen Bets:  The roulette layout is divided into three sets of 12 numbers, the first (1-12), the second (13-24) and the third (25-36).  When you place your bet you are betting that a number in your selected set will appear.  There are three possible bets.
  
  Payoff: 2 to 1, True Odds: 2.17 to 1, Probability: 31.58%, Casino Edge: 5.26%
• Even money bets:  There are three types of even money bets that pay 1-1.  These bets include; high (19-36) or low (1-18) numbers, red or black, or odd or even.  There are nine possible bets.
  
  Payoff: 1 to 1, True Odds: 1.11 to 1, Probability: 47.37%, Casino Edge: 5.26%

Inside Bets Defined:

These bets include the numbers 0, 00 and 1-36

• Straight-Up Bet:  You place a bet directly on a number between 1-36, 0 and 00.  There is 38 possible straight-up bets.
  
  Payoff: 35 to 1, True Odds: 37 to 1, Probability: 2.63%, Casino Edge: 5.26%
• Split Bet or two number bet:  You bet on two adjacent numbers.  The bet is placed to overlap two numbers.  Your chances of winning is doubled over that of a straight-up bet but the payoff is halved.  There is 62 possible split bets.
  
  Payoff: 17 to 1, True Odds: 18 to 1, Probability: 5.26%, Casino Edge: 5.26%
• Street Bet or three number bet:  In this bet you are wagering that one of three numbers will come up, say 16, 17, 18.  To place a street bet you put your wager on any of the three rows bottom line closes to you or on the 0, 00, 2 or 0, 1, 2 or 0, 2, 3.  There are 15 possible street bets.
  
  Payoff: 11 to 1, True Odds: 11.67 to 1, Probability: 7.89%, Casino Edge: 5.26%
• Corner Bets or four number bets:  You can place your bet at any intersection for a corner bet.  There is 22 possible corner bets.
  
  Payoff: 8 to 1, True Odds: 8.5 to 1, Probability: 10.53%, Casino Edge: 5.26%
• Five Number Bet:  There is only one five number bet on the layout; 0, 00, 1, 2, 3.  You should avoid this bet as it has a house edge of over 50% higher than any other wager.
  
  Payoff: 6 to 1, True Odds: 6.6 to 1, Probability: 13.16%, Casino Edge: 7.89%
• Line Bet:  When you place a line bet you are betting that one of six numbers will appear.  You place your bet on the intersection of of two adjacent rows of three numbers, i.e. 1, 2, 3 and 4, 5, 6.  There are eleven possible combinations.
  
  Payoff: 5 to 1, True Odds: 5.33 to 1, Probability: 15.79%, Casino Edge: 5.26%