Roulette is one of the oldest games of chance. Its popularity has grown and can be seen in just about every land-based and online casino. Roulette is popular because it is truly a game of chance. Players do not have to worry about other players counting cards or slight of hand. To win at roulette is possible, if you understand the payout structures, odds and have solid betting strategies. While the odds will always favor the house, it is possible to increase your odds of winnings and to reduce your losses.
Obviously the higher the payout the lower the odds there are of winning. Inside betting, betting on the numbers, carry the highest payout but the worst odds, while outside bets — or even chance bets — have good odds, but the payout is only double your money.
Tip: Always Play European Roulette
The first thing to look for is European Roulette. It provides the best chances over American Roulette. European Roulette only has a single green “0” while American versions has green “0” and “00”. This stilts the odds further in favor of the house. While the odds may only be slightly different, it becomes significant when bets are stretched out over a long period of time.
Outside bets are the color bets (red and black), Even/Odd, High/Low. These all have a payout of 1:1 and have winning odds of approximately 47%.
These are not “get rich quick” betting, but they improve odds and can prove successful in many strategies. Betting columns and rows, also outside bets, have lower odds of winning, but increases payout to 2:1.
Inside bets are on the specific numbers and the zero. The odds are low, the payout is 35 to 1, but the odds are 36 to 1 against winning. There are a number of combination bets, such as splits and groups that increase the odds of inside bets, but also reduce the payout.
Because of the odds, some people avoid betting heavy on the inside bets, although there are some betting strategies that use a combination of inside and outside debts.
Many will bet lucky numbers but these are often called a “Fool’s Bet” because the odds are never in your favor. Many winners keep their bets to the outside and only occasionally bet on the inside.
Most bets follow a double up or Martingale strategy. These bets double up after each loss until there is a win. This is very popular among the outside bets paying 1:1. For example, place a £1 bet on red. The spin comes up as black so now bet £2 on red. If it comes up black again double the bet again to £4, £8, £16 and so on, until red comes up.
This strategy pays off the lost bets and provides a gain of £1. The risks are that losses can pile up until there is a win. Even betting a single pound, after 7 losing spins the next spin would cost £128 pounds. It should be noted that table maximums can make a losing streak even more costly because you will not be able to increase your bets past the table max.
Martingale Strategy on Columns and Rows
Keeping with the outside bets, the Martingale can be used on the columns and rows as well. Since the payout is 2 to 1 with a 25 to 12 odds against the player. Every other loss you will double down the bet.
This strategy can increase the winnings, but the risk is higher. Many people will bet a Column, Color and Even/Odd to have three chances of winning. Keeping a double down on whichever bet did not win. Low profits but it keeps the odds slightly higher.
Betting the colors
A favored combination of betting is called “Betting the colors” or “Forcing the Green”. The betting starts by placing a low bet on Red, Black and Green. The idea is to hit Green for the larger payoff. Statistically, within 70 spins, the Green should come up.
Betting a pound on red, black and green, and let it ride for 10 spins. Every 10 spins double up the bet on Green. Betting the red and black offsets losses until there is a hit on green. This is often unnecessary unless you are employing the Martingale strategy on the Red and Black.
Test Strategies in an Online Casino
There are countless strategies and theories on winning at roulette. The important thing to do is to test the different strategies. Online casinos, like Vera&John and Netbet, often offer free versions of roulette. Visiting these sites and playing without risking your own money is a great way to hone your strategy and learn the risks of them.