There are a total of nine types of roulette bets that can be made, six of them being inside bets and three of them being outside. The house sets the minimum and maximum betting limits separately for inside and outside bets.
The following are inside bets:
• The Straight-Up Bet: The player is betting that one number will come up. Any number can be bet, including 0 and 00. The payoff is 35:1.
• The Split Bet: Players are betting that one of two numbers come up. Bets are placed to overlap the two numbers. Payoff is 17:1. The 0 and 00 bet can be made to overlap the two numbers or placed on the line separating the second and third dozen. It is the only bet that can be made at two places on the layout.
• The Street Bet: Players are wagering that one of three numbers will come up. Bets can be made at several different places: at the end of the line and three bets involving 0 and 00. A winning bet pays 11:1.
• The Corner Bet: Players are betting that one of four numbers will come up. Bets are placed at the intersection of the four numbers. The payoff is 8:1.
• The Five-Number Bet: There is only one five-number bet on the layout: 0, 00, 1 2, and 3. The payoff is 6:1. It is the worst bet on the table, with a house edge 50 percent higher than any other bet. This bet does not exist on the European game since there is no "00."
• The Line Bet: The player is betting that one of six numbers will come up. Bets are placed on the intersection of the two lines of three numbers. The payoff is 5:1. The three outside bets are outside of the 00,0 and 1-36 playing area.
• Even money: there are three types of even-money bets and they pay 1:1. You can place a bet on high (19-36)or low(1-18) numbers, bet on red or black, or bet on odd or even.
• Column: a column bet is wagered on 12 numbers contained in any one of the three long columns of numbers, with a payoff of 2:1
• Dozen bets: Like the column bet, the roulette table is divided into three sets of 12, the first(1-12), the second(13-24), and third(25-36). These bets also pay at a ratio of 2:1.
Bets are paid from the outside in.
The dealer will pay the bets furthest away from him and work in, until he gets to the inside bets which are paid last. Some casinos use the en prison rule when a zero or double zero occurs. With this rule all even-money bets are either held or one-half is taken, depending upon the outcome of the next spin The house edge is set at 5.26%, resulting from the player receiving odds of 35 to 1 rather than the true odds of 1 in 36 or 37 to 1