Roulette is one of the most famous games played around Europe. The aim of roulette is to forecast where the ball will settle after the wheel has been spun. The house is represented by a croupier who spins the wheel. He is also the one who takes bets and makes pay outs. It would be useful to learn all about the house edge at roulette and the rules of the game. Please read on.

The roulette wheel consists of 37 slots in the European variant. Each slot represents a number between 1- 36. The 37th is a zero. In the American roulette wheel, you will find 38 slots, because there are two zeros. The slots are colored in red or black. To play the game, all you have to do is bet on a number; you could place an unlimited number of bets, even on all thirty six numbers. The zero is for the house. Other ways of playing involve betting on whether the ball will land on an even or an odd number. Then again, you could bet on which color it will settle on.

Diverse methods are used by different players. A few of them bet on one number and keep betting until it wins. If luck favors them, they will make money. However, the house edge is something that cannot be beaten. Another strategy that is applied is placing a bet on one number, then two numbers, and successively on 4, 8 and so on. This strategy is followed until you win. This method is surely going to win and you will be able to get back all you lost, but you will need plenty of money to play.

You should get a 50/50 chance to succeed while betting on an odd an even number. However, zero is something that you have to vie with. This reduces your chances to win. Given the fact that there are 18 odd and 18 even numbers, the probability of hitting an odd or an even number is (18*100/38), which should give you 47.37%. It will be the same if you bet on colors.

Therefore, we can estimate the casino edge in roulette as: (Ref: \’Roulette\’, The Wikipedia)