In order to be a good roulette player, it is important to understand every possible wager. The particular bets that a player chooses to make will determine their odds and how much money they might potentially win. Individuals will have to balance how much risk they are willing to take with the amount of payout they are looking to win. Below, we will take a look at roulette wagers, first inside bets and then outside ones.

Inside bets: These generally pay out more because the odds of winning are lower then those of outside bets.

Straight up: This particular bet pays out big. That is because the chance of winning with this bet is pretty slim. This is a single number bet. An individual will be able to choose between 0 thru 36 and also 00 (American version).

Split: This is a two number bet. A player’s chips will be placed on the line separating the two numbers of their choosing. The odds are a bit better then a straight-up bet, subsequently, it pays out less at 17 to 1.

Street: A street bet is also referred to as a three number bet. Players will bet on 3 numbers on horizontal row. This particular wager pays out less than the street or split bet. This is because a player’s odds increase when betting on multiple numbers. The likelihood that the ball will land on at least one of those numbers is better then it landing on a single number. This bet pays 11 to 1.

Corner: The corner bet is a four number bet. Individuals will bet on any 4 numbers. This wager pays out 8 to 1.

Five number: This is the worst wager for a roulette player. The house has the highest odds and thus this bet should generally not be placed.

Six number: A six number bet is one in which the player wagers on a total of six numbers from two adjoining rows. This bet pays out 5 to 1.

Outside Bets: Outside bets pay out less then inside bets because the odds of winning with them are greater.

Column: A column bet is made up of an entire column of the roulette table, which there are three of. Column bets pay out 2:1. This is a fairly common wager and is available in both American and European versions of the game.

Even Money Bets: Players have three even money bets to choose from. They can wager on numbers 1-18 (low), 19-36 (high), red/black or even/odd. This particular wager pays out 1 to 1.

Dozen Bets: Dozen bets consist of 12 numbers, of which there are three groups. The first group is 1-12, the second 13-24 and the last, 25-36. This wager pays 2 to 1.

Roulette players have two types of bets to choose from. They are inside and outside bets. Individuals that want the opportunity to win the most money possible will need to place inside bets. These pay out the most because the odds are less that a person will win with this bet. Outside bets are those made outside the table’s layout. These pay out less money, but the odds are better. Outside bets generally involve betting on many numbers (this gives players a better shot at including the number that the roulette ball might land on in their wager). Players making outside bets can also wager on whether the ball will land on a red or black or odd or even, number. The bet which pays the most is the straight up bet. Even money bets pay out the least. The worst wager is the five number bet.

One of the best things about roulette is the game’s simplicity. Because there are so few rules and the ones that do exist, are pretty straightforward, individuals are generally able to pick it up pretty fast. One of the most important things to learn is the different betting options. Players will be able to choose between outside and inside bets. Inside bets are those within the table’s layout. These are single number or multiple number bets. Conversely, outside wagers are those outside of the table’s layout. They include the corner, dozen, even/odd and red/black bets. These tend to pay out less because they are better bets. Individuals looking to play roulette must understand the aforementioned bets. Knowing what wagers are possible, will help players develop a playing strategy that they are comfortable with.