Roulette Payouts – Understanding Before You Play

Roulette has been one of the most popular gambling games since it conception in the 17th century in France. Relatively simple to play with easy rules, roulette, unlike poker, doesn’t require a lot of knowledge or skill to enjoy. But as straightforward as this game is to play, many novices get confused as to the payouts for the different types of bets. This article will explain the more common roulette payouts.

Online roulette has spread this exciting game even further. Along with the software the online casino provides, you can also download and use “roulette companion” applications like Routrack.

Understanding the Roulette Wheel and Layout

Roulette is a game in which a ball is spun around inside a bowl which has a circle of 37 pockets or slots at the bottom. The pockets are numbered 1 through 36 with a single 0. This is called European or “French” roulette. In American roulette, the wheel has 38 slots since an additional number, the double 00 is added. The object of either game is to predict where on the wheel the white ball will land.

Many people think that the numbers are arranged in a haphazard fashion. In actuality the numbers of arranged in an attempt to alternate odd and even numbers, high, low digits along with the red and black colors.

Since there is no way for the wheel to be arranged in a true mathematically balanced way, in the American version the green “0” and “00” slots are placed on opposite sides from each other with exactly 18 numbers between them. Plus to even out high and low numbers, the sum of each two consecutive numbers of the same color must equal 37 and even numbers must alternate with odd numbers. The European numbering sequence is completely different.

On the roulette table is a heavy felt layout with a printed diagram of the rectangular roulette betting scheme. The American version is printed in 2 or 3 colors with a 0 and 00 at one short side with two other betting areas on a singe long side: inside and outside betting areas. The inside area is made of boxes for each individual figure for the numbered pockets on the wheel (1-36).

The outside area has labeled betting boxes for the low or high numbers (1-18, 19-36) also called first eighteen or last eighteen, red or black, odd or even numbers, column bets (represented by the 3 columns of individual numbers) and the 1st 12″, “2nd 12” or “3rd 12” (1-12,13-24, 25-36).

Roulette Payouts: The most common bets

1 to 1 or Even Money Bets
If you bet $10 and win you get $10 profit. You in effect double your money. Includes all bets places on red or black, even vs. odd numbers, first eighteen (any number from 1-18) and second eighteen (19-36).

Roulette Payouts: 2 to 1 or Outside Bets
If you bet $10 and win, you double your
Money wagered on the1st Dozen (1 to 12), 2nd Dozen (13 to 24) and 3rd Dozen (25 to 36).

These 2:1 odds also include column bets. A chip is placed at the bottom of the three roulette columns: 1st Column(1, 4, 7, 10, 13, 16, 19, 22, 25, 28, 31, 34), 2nd Column(2, 5, 8, 11, 14, 17, 20, 23, 26, 29, 32, 35 ) and 3rd Column (3, 6, 9, 12, 15, 18, 21, 24, 27, 30, 33, 36).

Other roulette payouts:
The 0, 00 – pays 35 to 1
Straight up (Any single number) – pays 35 to 1
Row (00 0, 00) – pays 17 to 1
Split any two adjoining numbers vertical or horizontal – pays 17 to 1
Trio (0, 1, 2 or 00, 2, 3) – pays 11 to 1
Street any three numbers horizontal (1, 2, 3 or 4, 5, 6 etc.) – pays 11 to 1
Corner any four adjoining numbers in a block (1, 2, 4, 5 or 17, 18, 20, 21 etc.) – pays 8 to 1
Five Number Bet (0, 00, 1, 2, 3) in American roulette only – pays 6 to 1
Six Line any six numbers from two horizontal rows (1, 2, 3, 4, 5, 6 or 28, 29, 30, 31, 32, 33 etc.) -pays 5 to 1.

Now that you understand about roulette payouts, you can bet both online and off with confidence.

Being An Active Winner And Loser

June62013_49261636_WinnersLosers_ThermoLifeTech_II7322138128Some people believe trading is like gambling. It’s not. In gambling game, you have to participate to lose and do absolutely nothing to stop losing. If after one bet you don’t put another bet on the table, you will not lose. There is also no way you’ll win. But, at that point (if you don’t place another bet), there will be no risk. Obviously, in trading it’s very different. You must participate to get in trade and you must participate (in other word do something) to cut your losses. If you do nothing, the possibility exists that your entire account can be wiped out. And even that won’t stop your losses if you still do nothing.

Although, at that point, your broker will most likely participate for you by getting you out of market. In gambling, you know exactly what your risk is and the game always ends before the next one starts. But in trading, you don’t know beforehand exactly what your risk is. (You may have an idea, but even with stop orders there is always the possibility of slippage.) But the real big difference between gambling and trading is the event never ends as the market keeps moving.

A good example of an active winner and loser might be a person playing blackjack at a casino. You must make conscious choice to play and risk your money. And when the game is over, the rules force you to be an active loser. If you want to play and risk your money again, you must place another bet. Without another bet, you can’t be a loser again. You must actively participate to lose and do nothing to stop losing, the exact opposite of trading.

This is why (in Trading) being an active winner and an active loser is so important. But because the event never ends, it’s easy not to be active winner or loser. There is always the possibility (no matter how slim) of the market coming back in any trade you are in. You don’t need to actively participate to get back your losses, you could simply stay with the trade and let the market come all the way and give you back your losses.

Because of this reality, there’s always a constant temptation not to cut your losses. Cutting losses for many traders is painful. So many choose to avoid the pain and not be an active loser. They simply think they are in a winning trade that is yet to show profit. Or we will look at only the evidence that says our position is right and ignore the rest of the evidence against that notion. These are obviously the traits of someone who is not an active winner and loser.

But being an active loser (as well as an active winner) is the only way to be successful. Again, the temptation to not cut your losses is always there. But it will do nothing but get you in trouble. Successful traders know that cutting your losses actively, before they get too large and unmanageable is the only way