When a player goes to a casino and sits at a Roulette table, the chips that he buys are all the same denomination and all the same color. Any other players that sit at the same table are given chips of a different color. This is done so that it can easily be distinguished which bet belongs to which player. Players can place bets anywhere on the board until, after spinning the ball in the wheel, the croupier announces “no more bets”. Most Roulette tables have a minimum and a maximum bet. The House numbers “0” and “00” are the advantage to the house. Although a player could bet on those numbers, the payout odds are calculated on 36 numbers so the difference in probabilities of having 38 numbers is the advantage that belongs to the casino or the House Edge.
American versus European Rules
There are two versions of Roulette. The American version and the European version. The primary difference between the two versions is that the American version has two House numbers “0” and “00” while the European version only has one House number which is the “0”.
Types of Bets in Roulette
There are two types of bets in Roulette. The Inside Bets and the Outside Bets. Inside Bets include straight up, split, street, corner, six line, trio, basket, and top line. Outside Bets are 1 to 18, 19 to 36, Red or Black, Even or Odd, Dozen Bets, Column Bets, and Snake Bets.
The most famous strategies for betting on Roulette are the Martingale system, the Labouchere System, and the D’Alembert system.
History of Roulette
Blaise Pascal came up with the first Roulette Wheel in the 17th Century while he was in search of a perpetual motion machine. He was not successful in creating a perpetual motion machine but the game of Roulette has succeeded in a perpetual motion to being one of the most common casino games in the world. The game has been changed and added to and subtracted from over the years to have evolved to the game that it is today. There have been a number of very famous Roulette bets over the years. In 1873, a British gambler named Joseph Jaggers, found through observation that one of the wheels at the Monte Carlo casino had a bias. He gathered a team of six others and was able to exploit the wheel for over $325,000.00, which was an amazing amount of money back in 1873. In 2007, Ashley Revell, a man from London, sold every one of his possessions including all of his clothes (excluding the ones that he was wearing). He took the total amount that he had raised from the sale of everything that he owned in to the Plaza Hotel in Las Vegas, Nevada. He placed a bet of $135,300.00, which was every penny that he had, on Red. He won his double or nothing bet when the ball landed on the number 7 which is red. He left the Plaza Hotel in Las Vegas, Nevada after that single wager with $270,600.00.
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