The Inside Bets: Any bet that takes place on the inside part of the table .. more frequently referred to as the number grid. Tables will have minimum wager requirements that must be adhered to. Let's say the table minimum is $5. That means you can place 5 $1 bets on different number on the table, but you must make a total of $5 in bets. You
can also just bet $5 on one number.
Straight Bet: Otherwise known as a "classic bet." You are betting that you can guess the next number that lands. The payoff on a straight bet is 35-1, which is why it is such a popular bet. A single $10 can return $350 dollars in just one spin. Conversely though, this is the worst odds of any bet on the table.
Split Bet, or Two Number: This is when you place your chip on the line separating two numbers. If either number hits, you get a 17 to 1 payoff. So, let's say that you bet $10 and place the chip between 28 and 31; if either number hit, you would win $170.
Street Bet or Three Number: Also called a street bet or a stream bet. This is when you are betting that one of three numbers hits on the roulette wheel. The payoff for a bet like this is 11 to 1. So if you bet $10 and bet on either 13, 14, or 15 to hit, you would win $110 if any of the three hit.
Square Bet: Otherwise known as a Four-Number bet. Like a three number bet, this is when you are hoping that one of 4 numbers that you bet on hits. The payoff on a bet like this is 8 to 1. For example, if you bet $4 on the numbers 22, 23, 24 and 25, then you would win $32 if the roulette ball landed on any of the four numbers.
Five-Number Bet: This is betting that one of these 5 numbers will hit: 0, 00, 1, 2 or 3. The payoff for this bet is 6 to 1, and can only be played on an American wheel. So if you bet $6 and one of them hit, you would win $36. This is a very poor bet and should be avoided at all costs.
Outside Bets: These are bets that are placed outside the number grid, for instance, betting on Red or Black. You will find these bets on the part of the table closest to the player.
Red: Simply betting that the next spin lands on a red-colored number. The payoff for this bet is 1-1, so if you bet $10 on red and the ball lands on a red number, you would win your original $10 back, plus an additional $10 in winnings.
Black: This is when you bet that the ball will land on a black-colored number. Again, the payoff for such a bet is 1 to 1. If you place $20 in bets on a black colored number and the ball lands on black, you win your original bet back, plus an additional $20.
Odd: When you bet that the ball will land on an odd number. The payoff for this bet is 1 to 1. So if you put $25 on the "Odd" square and the number that lands is an odd number, you will $25, plus your original stake back.
Even: The opposite of the odd number bet. You are betting that the next number to land is an odd number. Again, the payoff for such a bet is even money, or 1 to 1. So a $50 bet would return $50, plus your original bet back if you won.
High Bet: This is when you are betting that one of the numbers, 19-36, will land on the next spin of the wheel. Payoff for this bet is even money, or 1 to 1.
Low Bet: This is when you bet that one of the numbers 1-18 will land on the next spin of the wheel. Again, payoff for this bet is even money. So if you bet $100 on the Low Bet, and any number through 1-18 hits, you will win $100, plus your original $100 bet back.
Dozen Bet: This is betting that one of a particular dozen numbers hits on the next spin of the wheel. The wheel is divided into 3 different "dozen" groups; 1-12, 3-24, and 25-36. The payoff for such a bet is 2 to 1. So, let's say that you think the next spin of the wheel will land on a number from 1-12. You place a $20 bet on the 1st dozen, and the wheel lands on 7. That means you win $40, plus your original $20 bet back.
Column Bet: Similar to the dozen bet in terms of payoff and number of potential winning numbers, except you are betting on one of the numbers in a particular column paying off, rather than one of a dozen numbers. You will notice at the end of the table, there is space denoted to make a column bet. There are three columns of numbers, the top, middle and bottom column.
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