The invention of the game that we're familiar with today is generally attributed to the French philosopher and mathematician, Blaise Pascal, who is credited with originating the probability theory. But forerunners of Roulette, basically carnival wheel games, were in use throughout Europe, as early as the mid-1500s. Not bad, huh? To bet on two numbers, place your chips on the line between the two numbers you wish to bet on, such as between 1 and 2, or 1 and the single zero, or 1 and 4. These are the bets on red-black, odd-even, and high-low. If you place your chips in the even box and the ball drops into the number 24, you win. If it drops into number 23, you lose. These bets pay even money. You can bet on 12 numbers each in the "column" boxes at the far end of the layout. The first 12, second 12 and third 12 all pay 2-1. If you put a $5 chip in the second column and the ball drops into number 17, you win $10. You can mix, match and make as many bets as you like on a single spin. You can buy in and play with standard casino chips, but each table has its own set of special "wheel chips." Wheel chips, which come in several different colors, are used so that the dealer can distinguish among all the different players' bets on the layout. When you go to exchange your cash, or casino chips, for wheel chips, inform the dealer of the denomination (within the stated betting limits) that you want your chips to be. Say you want each chip to be worth $1. The player next to you might be betting with brown chips worth $5 each, and the player next to him might be using white wheel chips worth $25 apiece. Wheel chips allow for a practice that's unique to Roulette: the co-mingling of different players' bets. It indicates the lowest wager allowed on any outside bet and the lowest total bet inside. The chip minimum tells you the least amount you can bet inside on a number. Here's an example. A $2 table minimum and 50-cent chip minimum, means that you must bet a minimum of $2 on any outside bet, but you can combine four 50-cent bets to satisfy the minimum requirements for your inside bet. In other words, you can bet 50 cents on four different numbers. You are allowed to place bets even while the wheel is spinning, up until the point when the dealer announces, "No more bets." This is the fun part. While interesting to observe and look for patterns, they don't provide much information of practical use.

Roulette Tips

Keep in mind that all the bets on the roulette table naturally return a 5.25% Casino Advantage (except the five-number bet), although there are some situations when this advantage can be lowered to 2.6% and 1.3%.  With this in mind, here are the best non-system related tips that will help a player hold out at the roulette table:

Tip - Play the European version of Roulette

Most online casinos will offer both the American and European versions of roulette. The only excuse for not playing the standard European version is ignorance, because the American version produces a higher House Edge.  European roulette does not offer the 00 on the wheel, thereby taking one more bet out of the equation, and lowering the House Edge to approximately 2.6% - the lowest edge at the table.

Tip - Place more even money bets than other wagers

The even money wagers will give the player the lowest House Edge at online roulette.   These are the Red/Black, High/Low and Even/Odd bets, which have a 50/50 chance of winning.