Sunday, August 25, 2013

E-48: Roulette: Outside Bets

Roulette is considered a bad game by most serious gamblers, but in all honesty roulette can be a great game to pass the time and get you feeling comfortable with the table game environment.

To learn the game, its best starting with the outside bets. There are 5 to choose from, these include:
Because you cover more numbers with these bets, the payouts are lower than the inside bets. You typically have a 1 in 38 shot on the inside bets, whereas on the outside you have up to a 18 in 38 shot.

Dozens: Sometimes referred to as Any 12 pays out at 2 to 1.
On this bet you cover 12 numbers; 1 through 12, 13 to 24 and 25 to 36.
Place your chip on the box marked 1st 2nd or 3rd 12. If the ball lands on any number within your dozen you win.

Columns: This bet also allows you to cover 12 numbers, but they aren't consecutive. Here you place your chip on the column titled 2 to 1. If the ball lands in a number in your column you win.

Even/Odd: Choose one, if it hits you double your money.

Red/Black: The most famous of all roulette bets and is further encouraged by the house displaying the last 20 spins on the digital screens.

High/Low: You choose the 1st or 2nd 18 numbers and if you pick right you are paid 1 to 1.

Remember all these bets do not take into account thee 0 or 00 on the wheel. If thee ball lands in either of these, you automatically lose and therein lays the house edge. You would probably be surprised how easy this point is missed and many players truly believe that the outside bets are a 50/50 bet.
The true odds are closer to 47% of you winning these bets and therefor giving the house an edge of 3%.

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