In roulette, players can place chips on single numbers, play two numbers with one chip, play rows or columns with a single chip, cover all the odds or evens with a single chip or cover the low or high half of a board. Perhaps most famously known is the fact that roulette allows betting on red or black. Urban legends orbit around men down on their luck and on their last dime striking it rich by going all in on black and making a haul. While this may excite you and spark your interest, you are better off to logically consider your bets and perhaps increase your winnings.
Now that we know the combinations of betting, let us take a look at the payout.
Single number bets (chips placed solely on any number, 00 through 36) provide a payout of 35 to 1.
Two number bets (splitting your bet by placing a chip on a line in between two numbers) results in cutting the payout almost in half with a 17 to 1 payout.
Three number bets (placing your chip on a row) makes your payout 11 to 1.
Four number betting occurs when you place a single chip at the corner of four adjacent numbers. If one of these four numbers is the winner, your payout is 8 to 1.
Five number bets reap a 6 to 1 payout, while six number bets earn a 5 to 1 payout. Furthermore, gambling on an entire column or bidding by the dozen each earn payouts of 2 to 1.
You will break even with a 1 to 1 payout for each of the following. Betting on Even, Odd, Low, High, Red, Black.
Learning roulette strategies can become very advanced. Beginners need not feel overwhelmed, but learning a few simple strategies or having a few personal ground rules will help you succeed, or at least keep your mortgage money safely in the bank.
First of all, set a limit - be it time or an amount - at which you will stop. Gambling is a sport or game, and should be treated as such. There is an end game - a point at which you should walk away. In fact, knowing when to cash in your winnings or cut your losses is the most effective strategy of any game of chance.
Other general betting strategies guide you to bet the table minimums when you're down and only consider raising your bet when you are at a net gain. One very practical step is to set aside your 'winnings' until you've accumulated as much as you went in the game with. This will allow you to visualize how much or little you really are up - or ahead of where you started. For example, if you get in the game with $80 and win a few bets, set aside your winnings until you've set aside $80 worth of chips. You can consider the rest of your chips 'spending money' or money you may be more willing to take a risk with. Of course, this tip only works if you're lucky enough to start off by winning and going up from your start off amount.
Overall, betting is about risk and reward. Some will say, you can't win if you don't take a chance. Others will say, you can't lose if you don't take a chance.
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