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Roulette table usually provides six seats. To alleviate the dealer's job to have an apparent distinction between players, varieties of colors are assigned to chips belonging to different players which they obliged to purchase right at the table. The information regarding the minimum chip value is posted on a sign at the table. To make a long story short, if you hand $50 to the dealer, he would ask you about the value you want on the chips and if you decide upon a $1 each, a simple mathematical calculation should exhibit 50 colored chips, alternatively, if your desire a chip value to be $2, in return the dealer will give you only 25 chips. Got it? Decision upon the value of your chips, lies solely in your hands; it can be anything you want it to be. The dealer makes sure he'll remember the value of your chips by placing them on the railing just besides the wheel with a marker on top.
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The colored chips are valid only when playing around the table, therefore, when you are done, change to colorless regular chips.
Each wheel spin assumes different minimum chip value. Again, the sign at the table will allow you to check the minimums. What you will probably encounter is the list with following written in it: $2 minimum inside and $5 minimum outside. This means that if you bet on any of the 38 numbers that pay 35-to-1, your betting limit must not be below $2. It is up to you to split the betting or not (two $1 bets each, or one $2 bet). If you bet on any outside numbers that pay 2-to-1, the obligation is that you bet $5 each time and not a dollar less.
Have you transformed your cash into the colored chips? Then, you are ready to place your first bet, so let's check your options, here at www.gamblingsmart.com:
The most straightforward bet is a one number bet and if you are lucky and your number comes up, you will be granted 35-to-1. Casino's profit from this one will amount to 5.26%. I bet that after a couple of rounds you'll become quite appalled by this number. Another way of going is placing your chip on the border line that crosses two numbers which is called a 'split'. If either number comes up, you are reworded at 17-to-1. Again, the casinos advantage on this bet is 5.26%. A corner bet, is when you place your chip in the cross line of 4 numbers and if one of those numbers will come up, you will be paid off at 8-to-1. The casino advantage, for your information remains 5,26%. Another type of bet is a 'street bet'. You should put your chip at the head of the 3 number row and if one of those numbers appears, you will be paid off at 11-to-1. The casino invariably benefits on 5.26%. Another option you can use is to place a chip on the line crossing two streets so that you have coverage on the double street and providing that anyone of those 6 numbers comes along, you'll be paid off at 5-to-1. Now, to the one million question, what is the casino advantage on this one? You are absolutely right, 5.26%!
The inside numbers allow you to make another type of bet, which is a 5-number one. Just place your chip in the upper left corner of the number 1 box and if one of those numbers comes in, you'll be paid off at 6-to-1. Now, guess what is the casino advantage? Wrong! It's 7.89%, the worst possible bet you can make on the roulette table, which is lacking a 5.26% house edge on the double –zero roulette wheel. Never ever make this bet!
Your odds! If the odds are designated as "to" this means that your original bet will be coming back to you together with the stated payoff. Let's pretend that you've received 35-to-1 when your single number bet has won, which is a 35- chip payoff, in addition, you can keep your original one-chip bet, so at the end you are left with 36 chips. As to the "for" odds, they do not allow you to get your original bet back. Provided that your single number had odds of 35-for-1, you would still be granted 35-chip payoff, but your original one-chip bet would be kept by casino and so your saved chips will amount to 35. A casino with a slightly better edge can be found only in video poker, where the odds are always stated as "for". You are also likely to encounter it on crap bets where the odds are "for-one" rather than "to-one".
Let us now examine all the outside bets you can do while making sure you remember the house edge, which is do you recall? Exactly! 5.26%
There are three bets you can make that will pay you even money, or 1-to-1, which means that if you win, you will get back one dollar for every dollar you bet:
Red or black - If you put a chip on red then a red number must come up in order for you to win. If the ball lands on a black number, 0 or 00 - you lose. The same thing goes for black - you lose if it comes in red, 0 or 00 and you win if the ball lands on a black number.
Odd or even - If you put a chip on odd then the ball must land on an odd number in order for you to win. If it lands on 0, 00, or an even number - you lose. If you bet on even, you win if an even number shows up and lose if the ball lands on 0, 00 or an odd number.
1 through 18 and 19 through 36 - If you bet on 1 through 18, then you win if a number from 1 through 18 comes in and you lose if the ball lands on 0, 00 or a number higher than 18. Similarly, if you bet on 19 through 36, you win if one of those numbers comes in and you lose on 0, 00 or any number lower than 19.
The only other bets left are the dozens and columns bets. If you look at the roulette betting layout you can see three areas that each correspond to 12-number sections on the table. The one marked 1st 12 covers the numbers from 1 to 12, the one marked 2nd 12 covers the numbers from 13 to 24 and the other one that’s marked 3rd 12 covers the last section of numbers from 25 to 36. If you bet on the 1st 12 you would win if a number from 1 to 12 came in and you would lose if anything else came in, including 0 or 00. The same principle holds true for each of the other dozen bets where you would win if a number in that section came in and you would lose if anything else showed up. All dozens bets pay 2-to-1.
The last bet to look at is the column bet and that is also a bet that pays 2-to-1. At gamblingsmart.com, we believe that there are three possible column bets you can make and you’ll notice that each area corresponds to the numbers in the column directly above it. So, if you put a chip under the first column you will win if any of the numbers in that column come in and you will lose if any other number, including 0 or 00 shows up. Once again, the same rule is in effect for each of the other columns where you would win if the number appears in the column above your bet and you would lose if it doesn’t.
Good Luck!
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Tuesday, May 13 2008 
