Roulette is a popular casino game because of the thrill of the ball landing on any number at any time. The most enthralling feeling is seeing the roulette wheel land on a specific number you picked in a straight bet. This is the riskiest and lowest probability bet, but it can happen!
There are two classifications of bets in roulette: inside and outside bets. Learning their differences can help you diversify your betting strategy for a higher likelihood of success. Sticking with one strategy may hinder success because of how random the roulette wheel can be. Spreading your bet strategy can ensure you cover as many bases as possible for winning combinations.
What Are Inside Bets?
Inside bets are wagered in locations on the inner portion of the roulette wheel, hence its name. These bet types are riskier than attempting outside ones, so they usually entail a higher payout if your spin wins.
Straight Up Bet
This is one of the most common inside bets as many people’s intuition believes the roulette wheel could land on their lucky or favorite number. The payout for a straight bet is 35 to 1 with only one winning number out of 37 or 38 numbers on the wheel. Of course, this depends on if you choose to play American or European roulette.
Split Bet
Bettors who wager a split bet will place a chip on two adjacent numbers on the roulette table. Otherwise known as an adjacent bet, this scenario entails a 17 to 1 payout if successful because there are only 2 possible winning numbers. For example, if you place a chip between 8 and 9, the ball must land on either the #8 or #9 pockets to trigger a payout.
Street Bet
A street bet involves betting on three numbers in a row such as 10, 11, and 12 on the roulette table. This bet is about an 11 to 1 payout.
Corner Bet
Betting on four numbers that meet at a corner of the roulette table is called a corner bet. One example would be betting on the numbers 10, 11, 13, and 14. Winning a corner bet showcases an 8:1 payout.
Six-Line Bet
This bet must cover 6 numbers and be involved in two adjacent rows. One example of a six-line bet would be betting on numbers 1, 2, 3, 4, 5, and 6. The payout is much lower at 5:1 because you are betting on more numbers on the wheel than other inside bet types.
Advantages and Disadvantages of Inside Bets
The advantages of inside bets include higher payouts, a bigger thrill factor, and a variety of betting options. There is also an advantage of strategic play where you can refine which numbers you bet on based on the patterns you see with prior wheel spins. Despite these positives, inside bets, unfortunately, cause a faster bankroll depletion and entail a higher risk with less frequent wins.
What Are Outside Bets?
Outside bets involve making roulette wagers with broader outcomes because of the larger categories involved. There are bigger segments of the betting layout, therefore increasing the chance of the ball landing on one of the corresponding numbers to that category. These types of bets have a lower volatility and are more preferred among lower-risk players. All outside bets have a payout of 1:1 except for the dozens and columns with a 2:1 payout.
Red or Black
Choose whether to bet on all black numbers or all red numbers.
Even or Odd
Bet on all evens or all odds on the roulette wheel.
High or Low
Place a bet on the high half (1-18) or the low half (19-36), which expands winning chances.
Dozens and Columns
Betting on a straight set of 12 numbers is known as a dozens and columns bet.
Advantages and Disadvantages of Outside Bets
Outside bets have steadier gameplay with lower risk because of the broader outcomes with the large categories. The simple betting structure makes outside bets the best for novice players to understand betting strategies and reduce losses. The more frequent wins with outside bets increase player engagement. Despite these positives, outside bets have lower payouts and are not as thrilling because of the higher chances of winning. The strategic depth for outside bets is not as widespread as for inside bets.
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