As noted previously, while roulette is a game of chance, players can still improve their percentage of winning by knowing odds and understanding the different types of bets. The roulette board allows players to make various bets. Each bet a player can make is associated with an odd and a payout ratio. A good rule of thumb is that the higher the payout ratio the lower the player’s odds.

**Straight Bet**

This is a very basic bet, where a player bets only one number by putting the chip(s) in the center of the square on the number they think will win. The payout ratio for this bet is 35 to 1. However the odds are 1 in 38, or 2.63%.

**Red Color Bet**

The reason it is never a full 50% is because of the 00 and 0 are not considered to be an even or an odd number. Also, the 00 and 0 are neither black nor red; they are in fact green.

The player puts the chip(s) on the space labeled “Red.” This means the player is betting the color red. If it lands in a space that is colored red, regardless of the number the player wins. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1, in 1.1 or 47.37%.

**The 0 and 00**

This is another simple bet, where the player puts the chip(s) in the 0 and/or 00 space. Again the payout ratio is 35 to 1; the odds are 1 in 38, or a 2.63%.

**Square Bet**

Here the player puts the chip(s) on the intersection numbers on the board. This indicates they are betting four numbers are the winning number then they will win. The payout ratio for this bet is 8 to 1 and the odds are 1 in 8.5, or 10.53%.

**Odd-number Bet**

The player puts the chip(s) on the space labeled “Odd.” This means the player is betting all the odd numbers on the roulette wheel. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1 in 1.1, or 47.37%.

**Two-number Bet**

Here the player puts the chip(s) on any line separating two numbers. This indicates the player is betting 2 numbers. If the ball lands in either of the two numbers, they win. The payout ratio is 17 to 1 and the odds are 1 in 18 or, 5.26%.

**Five-number Bet**

This is where the player chooses 1, 2, 3, 0, and 00 by putting the chip(s) on the at the corner intersection 1, 2, 3 from the 00 and 0 spaces. The payout ratio for this bet is 6 to 1 and the odds are 1 in 6.6, or 13.16%.

**Low-number Bet**

The player puts the chip(s) on the space labeled “1 to 18.” This means the player is betting the number 1 to 18. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1 in 1.1, or 47.37%.

**Six-number Bet**

This bet is like the three-number bet, but instead the player puts the chip(s) on the outside line of the table and in-between two 3 number bets. This will indicate to the dealer the six numbers the player wishes to bet. Six number is where it lands they will win. The payout ratio for this bet is 5 to 1 and the odds are1 in 5.3, or 15.79%.

**Three-number Bet**

There are three columns of numbers; in order to make this bet, the player puts the chip(s) on the outside line of the roulette table. This will indicate numbers the player is betting. The payout ratio for this bet is 11 to 1 and the odds of winning are 1 in 11.6, or 7.89%.

**Column Bet**

Here the player puts the chip(s) on one of the three blank spaces layout. This indicates they are betting all 12 in the column. The payout ratio is 2 to 1 and the odds are 1 in 2.16, or 31.58%.

**Dozens**

Here again the player is betting 12 numbers however, the player puts the chip(s) on one of the spaces labeled “1st 12,” “2nd 12,” or “3rd 12.” The “1st 12” bet means the player is betting 1-12. The “2nd 12″ bet means the player is betting on 13 to 24 and the “3rd 12″ be means the player is betting 25 to 36. The payout ratio is 2 to 1 and the odds are 1 in 2.16, or 31.58%.

**Even-number Bet**

The player puts the chip(s) on the space labeled “Even”. This means the player is betting all the even numbers on the roulette wheel, not including 0 or 00. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1 in 1.1 or 47.37%.

**High-number Bet**

The player puts the chip(s) on the space labeled “19 to 36.” This means the player is betting the number 19 to 36. The payout ratio for this bet is 1 to 1 and the odds are 1 in 1.1, or 47.37%.

**Black Color Bet**

The player puts the chip(s) on the space labeled “Black.” This means the player is betting the color black. If it lands in a space that is colored black, regardless of the number the player wins. The payout ratio for this bet is 1 to 1 and the odds of the player winning are 1 in 1.1, or 47.37%.