How to play Roulette Table?
Roulette’s literal meaning is little wheel. It is derived from a French word and is played in casinos. In this game players need to guess and place bets either on a single number or a list of numbers which are in red and black colors. We have the option of guessing whether the number is even or odd, high or low. The person who spins the wheel in the casino is called as croupier. The croupier spins the wheel in one direction and then in the opposite direction around a circular track. For now, let us see how to play roulette:
Placing your Bets:
You need to place your bet on a number or a set of numbers and color. The bets you can make are like color, even or odd, 1-18, 19-36, 1st set of 12, 2nd set of 12 and 3rd set of 12, set of 2 or 3 or 4 or 5 or 6 numbers. Each of the bets have name which you should be familiar with. The names are as follows:
Red or Black: Red/ Black
Even or Odd: Even/ Odd
19-36: High Bet
1st / 2nd /3rd 12:Dozen Bet
1st /2nd 3rd columns: Column Bet
Set of 6 numbers: Line Bet
Set of 5 numbers:Line Bet
Set of 4 numbers: Square Bet, Corner Bet
Set of 3 numbers: Street Bet
Set of 2 numbers: Split Bet
Single number: Straight Bet
You are not restricted to place only 1 bet in a round, you can place multiple bets and if the ball lands of any of your number you win. People can even bet on single numbers even when that number is already covered by another bet for double return. For example, you have placed a Line Bet on 8-13, and also put a single number bet on 11. If the ball falls on 11 you will win both the bets.
If the ball falls on 12 for instance then you would lose the single number bet but will win the Line Bet. In many of the games people place their bet while the wheel is still spinning. When the ball drops then the dealer would waive his hand to stop betting. The dealer would next announce the number and color on which the ball has landed. He will then take all the stacks from the losers and then make the payouts to the winners and remove his marker from that stack.
The winner can now take away any chips he won.
Every player is assigned different color of chips. Different color of chips would help identify the owner of the money if two people place a bet on the same number. The dealer would ask you Inside or Outside bet. Inside Bet are the ones listed in the table in Purple on particular numbers. Outside Bets are the ones which are listed in kinds of numbers in Yellow. This question is asked by the dealer so that he can give two-person same color of chips if each of them have chosen inside or outside.
This inside or outside is asked to remove any confusion in chip’s color identification. Mainly games having different colored chips have different denominations, but in case of Roulette the different colors denote to which the chips belong. The roulette chips can take any denomination value. You just need to tell the dealer how much and what denominations you are interested in buying in. He will give you the exact denominations and place a marker in your stack of chips to determine how much each of your chips are worth of.
There are different minimum buy-ins for inside and outside bets. The roulette table would contain a placard in which the minimum buy-in rate would be mentioned for both inside and outside bets.
Your inside bets can be as small as possible meeting the criteria of the minimum in the table. For example, you can put $4 on one number or you may put $1 on four different numbers. There is no requirement to bet on both inside and outside on a spin.
First 3 bets listed can pay you Even Money, means that $4 can fetch you another $4. The payout for other bets are very high as their chances of winning are low. Roulette is very different from many other table games. Other table games can fetch you Even Money, but roulette can fetch you around 35 times of your money if you are lucky. A single bet can win you a lot of money.
Remembering the payout ratio is a little head twister. There is an easy way to calculate your payout. If you are betting on a 3 number Line Bet, then divide 36 by 3 and then subtract 1. Means (36/3 – 1) = 11; which gives the ratio 11 to 1. If you win a $10 bet in a ratio of 5 to 1, then you will get $60 which includes $50 of your winning and $10 which you paid for minimum stack.
House Edge in Roulette:
First we need to understand what a House Edge is and how to calculate the House Edge. There are a total of 38 spots, 1-36 in addition to 0 and 00. Your odds for winning a single number bet is 37 to 1. But when you win a single Number Bet, the casino does not pay you in the ratio 37 to 1. They actually pay you 35 to 1. The difference in ratio is around 2/38 i.e., 5.26%. Other bets are also calculated in the same way.