Roulette is a fun game to play, whether it’s by yourself online or live with other players. But it can be sort of tricky to learn at first with all the different types of bets you can make – especially if you play live.

If we bet $1 on red and green or black occurs, then we lose the dollar that we bet. This results in net winnings of -1. The random variable X defined as the net winnings from betting on red in roulette will take the value of 1 with probability 18/38 and will take the value -1 with probability 20/38. How Bets Work in Roulette. Divide the bets into two groups: Inside bets; Outside bets; Inside bets are based on individual numbers or small groups of numbers. When you see players betting on the lines, corners, and individual numbers on the table they are making inside bets. Outside bets are based on pre-selected groups of numbers on the wheel.

The challenge with playing live is that many of your bets are made as the wheel is spinning. If you don’t know what bets you can make, how to make them, or how they work, you might slow the game down. Then the other players will know you’re a beginner. Some people might find that embarrassing.

So it’s a good idea to have a solid understanding of the types of roulette bets you can make before you hit the casino. Even if you’re playing online, you’ll still want to know what you’re doing – what you’re betting on and why you’re betting it.

It also helps to know the odds, payouts, and house edge of each roulette bet. That way you can make an educated choice about how much risk to take and know how much money you stand to win/lose.

Most Winning Numbers In Roulette

Those are the exact things this page is going to help you with.