Roulette is a casino game that features a spinning wheel and a betting table. Players can place bets on individual numbers, various groupings of numbers, the color red or black, whether a number is odd or even, or if the ball lands in one of the green compartments (0, 00, and Logo).
Before each spin of the wheel, dealers give players time to place their chips on the betting table. The bets are divided into two categories: Inside Bets and Outside Bets. Inside bets are placed on specific numbers or small number combinations within the main grid (1-36), and offer higher payouts but lower odds of winning. Outside bets are placed on larger groups of numbers, ranging from 1-12 to 25-36, and pay less but have better odds at winning.
The Roulette wheel consists of a solid wooden disk slightly convex in shape, with a metal rim and compartments, or pockets, painted alternately red and black. Thirty-six of these compartments are numbered consecutively from 1 to 36, while the last two are green on American wheels and carry the symbols 0 and 00 on European wheels.
The true odds of hitting a single number on a Straight Up bet are 37 to 1, but the house pays only 35 to 1. This discrepancy is where the casino gets its huge edge in roulette. However, you can reduce the house’s advantage by implementing the “doubling after every loss” strategy, which works by increasing your wagers with each losing spin to recoup your losses and make a small profit.