Inside and Outside Bets
Placed on the inside of the roulette table, these bets involve selection of individual numbers and/or small groups of numbers. It’s because of this reason that inside bets are quite risky in nature. The odds of the ball landing on a specific number or a group of numbers are much lower compared to the bets placed on relatively larger sections of the wheel. Let’s look into some frequently placed inside bets:
Straight up bet – This bet involves wagering on just one number. Riskiest of all the roulette bets, it also has the highest, 35 to 1 payout!
Split bet – In this bet, you place your chips on the line separating two different numbers, implying that you’re betting on both. The numbers bet on must be positioned side-by-side on the roulette table. The odds of succeeding at split bets are 17 to 1.
Street bet – This type of bet is placed on three numbers in a single horizontal line. So, they could be (7, 8 and 9), (1, 2 and 3) and so on. The odds of winning at street bets is 11 to 1.
Corner bet – Contradictory to the impression it gives, this bet isn’t placed on the roulette table’s corner. You simply bet on 4 different numbers by placing your chip on the corner of four connected squares. The odds of winning are 8 to 1.
Line bet – This bet type is quite similar to the street bet, the exception being that you bet on two horizontal lines instead of one. As a result, your chips are placed on six different numbers, changing your odds to 5 to 1. Please note, the two lines must be next to each other.
Last number bet – Available only in the French roulette tables, this bet involves wagering on small number of groups ending with same digits, for instance 38, 28, 18 and 8.
These bets are placed around the edges of the inside bets and are relatively low risk in nature. Hence, they pay lesser than the inside bets. Let’s take you through some of the regularly placed outside bets:
Dozen bet – This type of bet involves placing the chips on sets of 12 numbers. You get three different sets: 1 to 12, 13 to 24 and 25 to 36. As the groupings are pretty large, the odds of winning are 2 to 1.
Column bet – Quite similar to the dozen bet, it involves betting on vertically grouped numbers. You bet on either of the three vertical columns provided on the table. The odds of winning in this kind of bet are 2 to 1.
Colours bet – Commonly referred to as black/red bet, it involves betting on either the black or the red numbers. It’s by far the simplest bet you can place on a roulette table and the odds are an unimpressive 1 to 1.
High/low bet – Same as the colours bet, this one’s about betting on numbers falling between 1 to 18 and 19 to 36, instead of the colour. As you cover half of the board (excluding 0 and 00 slots), your odds are 1 to 1.
Odds/evens bet – As is evident from its name, you bet on even or odd numbers on the table. The odds, just like colours bet, are 1 to 1.