However, there are some bets from the list that have the best roulette odds overall. No matter how you like to play roulette, there is a bet below that will suit your playing style. Our experts recommend utilizing the following five bets: Red/Black – Odds of almost 50/50 make this color bet a great choice. French roulette is unique in that it includes a variation where you can get half your bet back. It’s called the half-back rule. What this means is that if the player makes an even money bet (red, black, odd, even, 1-18, 19-36) and the ball lands on zero, the player gets half his bet back. This is called “la partage” in French. Another popular bet is Red/Black which pays out 1/1 (or evens), so if you put $1 on red and any red number comes up, you get $1 winnings plus your $1 stake back = $2 in total. Your winning chances are 18/37 because there are 18 red numbers out of the total 37. If there was no ZERO hole, then the chances would be 18/36 = 1/2.

What are the roulette odds of the ball landing in the same colour ten times in a row? What about landing on the same number twice? Let´s take a look, and then we´ll explain how this relates to the Gambler´s Fallacy, or the Monte Carlo Fallacy- the belief that the odds of a black number coming in increase, the more times you see red.

Let´s look at a European Roulette wheel. Over a single spin, the odds of a red number coming up are 18/37, or 1 in 2.06. Over 2 spins, the odds of 2 reds coming in are 1 in 2.06×2.06, or 4.24.

The odds of seeing 10 reds in succession are 1 in (2.06) to the power of 10 = 1 in 1376.

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Pretty low odds that you´ll ever see this, in other words. But that doesn´t mean it isn´t going to happen. In fact, the longest number of reds in a row was recorded in an American Casino in 1943 when 32 came up in a row. Now imagine that you were betting the Martingale that day! The odds of seeing that are 1 in 11 million, or thereabouts by the way.

Another huge streak (this time on black) was seen by the players at the Casino in Monte Carlo who saw 26 blacks in a row on the table on 18 August 1913. The odds of this happening? A mere 1 in 145,000.

And this gave name to the Monte Carlo Fallacy, otherwise known as the Gambler´s Fallacy, as the longer the streak went on, more and more people started piling their chips on to red. And they lost a lot of money.

So what happened?

Gambler´s Fallacy

The important thing to understand and to get your head around, is that these are odds over multiple spins. And here´s the thing. In roulette, you can´t bet on what is going to happen over 10 spins, you can only bet on the next spin. And thus the odds are always the same – 18/37, whether the red came in 10 times previously or not. The wheel has no memory from spin to spin. It is not a living thing.

Tip for Martingale Players

Martingale System Players are often susceptible to long runs as they double their bet after a loss. Start your first bet low if you employ this strategy to give yourself the most room for manouevre

You are Betting on One Spin Not Multiple Spins
When you are betting on one spin, the odds are for one spin, and for one spin only.

One things for sure about the Gambler´s Falllacy- the casinos love it! Don´t get sucked in, keep your thinking hat on.

One thing’s for sure- there are plenty of people who have worked out that the odds are with the casino on roulette, and have opted to scam the casinos instead, like the roulette scam in Ohio. Just be warned- that’s illegal. They got busted.

FAQs Roulette Probabilities

• What are the odds of seeing 10 reds in a row on a roulette wheel?
  The odds of seeing 10 reds one after another are 1 in (2.06)¹⁰ = 1 in 1376. But remember, you cannot bet on 10 spins, only on a single spin. Here the odds are 1 in 2.06
• What is the definition of the Gambler’s Fallacy in roulette?
  The Gambler’s Fallacy is the incorrect belief that a certain event like flipping a coin or the ball landing on a black number is more or less likely, due to a previous sequence of events.
  This is incorrect for mutually exclusive events because each event is independent with a result that has no relation to past events. Think about it this way. Is the wheel thinking after each spin, “I spun a red last spin. Let´s throw in a black to even things up.” No.

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Roulette is one of the most popular casino games, especially in Europe. In the US it is also favored because of its excitement level and ease of play. The table layout has remained relatively unchanged, the only notable differences are that the European Roulette wheels contain a single zero while the American wheels employ a zero and double zero.

Today's wheels consist of 36 numbers and 0 or 00 (depending on whether the wheel is American or European). Played throughout the world and adored by Europeans and Latin Americans alike Roulette is a game most often associated with a luxurious casino atmosphere. More than any other casino game, Roulette has always symbolized glamour and international elegance.

To begin most un-experienced players are often taken aback by the plethora of bets, colors and odds associated with the game. But as most beginners soon learn the game is quite easy to learn. The high payout odds, of 35 to 1 for a single number bet, are enough to entice anyone to master this game quickly. Read on to learn how to play the ‘Glamour Game' quickly and easily.

Straight bet or single-number bet

This bet is defined as when the player places a bet squarely on one number. The bet must be centered on the number and not touch any of the lines enclosing the number. If the number chosen by the player is landed on the player will receive 35 to 1 odds for this win. The odds are derived from the numbers on the table, 36. The 0 and 00 are not included in the odds payout and give the house an advantage. To better understand let's say you wagered $1 on red 7. If red 7 is landed on you would receive your $1 wager back plus $35 dollars for a total of $36.

The symbols 0 and 00 – These can be played the same as any straight bet.

Split bet or two-number bet

This bet type occurs when the player places a bet on the line between two numbers. If the winning number is one of the two numbers the chip is touching the player wins. The player receives a payout of 17 to 1 here. So for a $1 wager the player receives $17 in addition to his $1 bet on the table.

Street bet or three-number bet – A wager placed on the outside line of a layout indicates that the player wants to play the three numbers going across the layout. The payout odds for a winning bet are 11 to 1.

Square, quarter, corner or four-number bet – When a bet is placed on the intersection between 4 numbers. A win pays 8 to 1 here.

Line or five-number bet – When the player places a wager on the line separating the 0, 00 and the 1, 2, 3 numbers. This is only available on American tables and pays 6 to 1.

Line or six-number bet – Similar to a ‘Street bet' only the chip is placed between the intersection of two rows on the outside line. This is like two ‘Street bets' at one time. A winner will receive 5 to 1 on this wager.

Dozens or 12-number bet – There are three spaces located at the bottom of the table indicating ‘1st Dozen' or the numbers 1 thru 12, ‘2nd Dozen' or the numbers 13 thru 24 and ‘3rd Dozen' or the numbers 25 thru 36. A bet placed on one of these spaces will receive 2 to 1 for a win.

Column or 12-number bet – A bet placed on one of the spaces at the very end of each column pays 2 to 1. This type of wager indicates the player wants to play all 12 numbers contained within that column at once.

Low or high-number bet – Two spaces on the table indicate ‘1-18′ and '19-36'. These are known as ‘low-number' and ‘high-number' bets respectively and payout 1 to 1.

Color Bet – Located below the numbers on the layout and in the center of the table are two spaces. One is colored red the other black. By placing your wager on on or the other you're betting that this color will be the next one landed on. A win here will get you 1 to 1.

Odd or Even-number bets – A 1 to 1 payout as well. By placing your chip(s) on these areas you're wagering that either the next number landed on will be even or odd.

Strategy

There is little one can do to tilt the odds in their favor when playing this game, other than employ decent strategic bets that reduce the House Edge. Many betting systems have been tried and failed to get the better of this casino game. Betting systems, however, do not work and can often lead to big losses.

Betting Odds Election

The most useful strategy we have found is to use the DOZENS or COLUMN bet and place the same unit on each of two out of the three DOZENS or COLUMNS bet. Since this bet pays 2-to-1, you have a two out of three chance to win one unit.

For example you place a 5 dollar bet on the first DOZEN (1-12) and a 5 dollar bet on the second DOZEN (13-24); the number 17 is hit. You lose your 5 dollar bet on the first dozen, but win 10 dollars on your 5 dollar bet on your second dozen, for a net win of +5 dollars. You can employ the same strategy bet with columns.

Advanced Strategy Considerations for Online Roulette:

Betting Odds Presidential Election

There is not much one can do to turn this online game into a winning proposition, however some online casinos do employ the European wheel format with the single 0. We suggest finding a casino that uses this wheel and employing the strategy discussed above or simply betting Red or Black Color Bets. With a Single Zero wheel, these Color Bets offer an almost even gamble. By selecting an online casino with favorable bonuses to new players and using one of these strategies, the online gambler has a good chance of coming out ahead.