Online roulette is one of the most popular games played online. It’s exciting to play, the rules are very straightforward and it provides some of the most favorable winning odds and payouts at the casino.
There are basically two types of bets in roulette, Inside Bets and Outside bets. These type of bets take their name due to the position of such bets on the roulette table.
Of these two types of bets, the outside bets offer the best chances of winning but they also feature a lower payout to players. Additionally, you may also have to place a higher wager on the outside bets than you do on inside bets.
Roulette Outside Bets
One of the most popular type of bets is betting on Red or Black, also known as Even Money Bet. The reason why this type of bet is so popular is because the odds of winning are almost 50:50 although the true odds are really 1.111:1 and if successful this bet will return you bet at 1:1. W88.com
Many roulette players use this kind of bet if they want to wager to contribute to the wagering requirement of a free bonus or more commonly if they’re implementing a roulette betting strategy.
This type of outside bet offers players the lowest betting risk but also the lowest return on their wager.
Other popular outside bets, that feature the same payouts and odds of winning, are betting on the ball landing on numbers 1-18 or 19-36 and also an odd or even number.
If you’re looking for higher payouts then you can use the Column and Dozens bets. Both the column and Dozens offer a 2:1 return on your bet with a slightly higher risk of losing of 2.167:1.
The Inside bets are the most attractive bets in roulette with the largest payout at 35:1. This massive payout is triggered if you successfully place a Single Number bet.
The probability of winning on a Single number successfully is 37:1 which gives the house a much larger edge. A Split Bet is when you place a wager on two adjoining numbers either vertically or horizontally and it offers a payout of 17:1 with a 19:1 odds against winning.
If the Single Number is too risky for your taste, you can opt for the Street Bet. This type of Inside Bet offers you a payout of 11:1 an a house edge of 5.26%.