Roulette- Types of Bets
The possibilities in roulette are endless. You can come with as many bets as you like depending on the maximum bets per table. It is quite easy to understand the economics of roulette. House advantage is high especially with the American version that includes an additional double zero slot. The basic payout a player can get is a high 35 to 1. That means you win 35 dollars for every dollar you bet. The catch lies on the house edge since there are 38 slots; thus for every rotation more is lost.
Now, let's explore the types of bets one by one.
Straight Up Bet is when you place a wager on one single number. This will give you the highest payout of 35 to 1.
Split Bet is a wager on two adjoining numbers and it pays 17 to 1. You make this bet by placing your chip so it straddles the line between any two numbers either vertically or horizontally.
Street Bet or Line Bet is a bet on three numbers on a single horizontal line. You place the chip on the vertical line separating the outside and inside betting areas. Payout is 11 to 1.
Corner, Square or Quad Bet is a bet on four numbers in a square layout. You place the chip so that it touches the four corners of the numbers you are betting. Payout is 8 to 1.
Six line or Sixaine is a bet on two adjoining streets. You place the chip at the corresponding intersection like 25-30.
Basket Bet is a bet on zero, double zero and numbers 1, 2, and 3. A bet on the double zero is considered the worst since it raises the house edge to 7.89 percent. This bet pay 6 to 1.
Double Street Bet is a bet on six numbers by placing your chip on the line that separates the outside and inside area just like the street bet with the inclusion of the row above and below.
Red, black, odd and even bets are all considered outside and even money bets. The chips are placed in the boxes on the layout. The payout is 1 to 1.
Dozen Bet is a bet on twelve consecutive numbers. It could be 1-12, 13-24, or 25-36. The payout is 2 to 1. Be careful of the zero and double zero. Any of the two can make you lose.
Column Bet is a variation of the dozen bet but instead of twelve consecutive numbers, you need to place your chips on any of the three vertical columns that are in the boxes at the bottom of the layout. Payout is also 2 to 1.