In order to understand how to do correct roulette betting, it is important to have some background of how the game is played. Roulette is played with a spinning wheel that has a marble that is spun into the wheel, and the winning number is decided based on where the marble lands. The roulette wheel has two colors, black and red, and players can place wagers on individual numbers, colors, and even whether the number will be an odd or an even number.
Next to the roulette wheel, there is a wagering table on which players can place their roulette betting chips. In online casinos, roulette is exactly the same except that the marble and wheel, and the roulette betting table and the online casino chips are all virtual. There are a number of different wagers that can be placed on the roulette betting table, offering combinations of numbers and more.
There are a number of bets that are considered to be inside bets, including wagering on a straight up number, or even straddling a line in order to choose more than one roulette betting number.
The inside roulette betting area covers the wagering done on specific individual numbers. The outside roulette betting area has special boxes where players can place wagers on columns of numbers, colors, odd or even numbers, and various numbers that are grouped together.
Straight Up Roulette Betting
This is the most basic of the roulette wagers, although it is important to know that it carries the worst odds. A straight up bet is one that is placed on a single number. The real odds of winning are one in 37 in European roulette and one in 38 in American roulette. This wager usually pays out 35 to 1.
The Split Bet
This is when a player choose to place a chip straddling a line between two numbers. If either of those numbers wins, the player is paid out 17 to 1.
Street bets are also known as line bets in roulette betting. This roulette bet is made on a vertical line of numbers, and if any of those numbers are the winning number, the player will be paid out 11 to 1.
The quad bet is made when a player puts their chips on the table in such a way that they are touching the corners of four numbers. For this reason, the quad bet is also known as the corner bet in roulette betting. This roulette bet pays out 8 to 1.
Possibly the worst possible roulette bet that can be made, the basket bet is made on either the 0-1-2-3 in European roulette, or 00-0-1-2-3 in American reoulette. It pays out 6 to 1.
Double Street Roulette Betting
This roulette bet pays out 5 to 1, and is placed on six numbers at once.
Before making your roulette betting choices, it is important to know that there is usually a minimum amount that must be wagered. This minimum roulette betting amount can be a combination of a few wagers that you wish to place, even combining inside and outside roulette bets.