Best Answer: well first off its true you dont pay on the amount you bet if you bet 10 and win 10 10k counts as income - however with table games - you are betting and winning in this case even money - they are not gonna take out taxes. Nevada law states they take taxes out only if you win over 300:1 times. Jan 16, 2017 Roulette Fact – Betting on Red or Black with European Roulette boosts your Probability of Winning. Roulette betting is more popular than ever; with online casino’s offering the next generation of convenience. But whether it’s online or in an actual casino, the rules and probability of winning and normally the same. What does one number straight up in 'Roulette' pay? Unanswered Questions. Is Chernobyl Nuclear Power Plant still in use? How does cutting trees affect global warming?

The odds and payouts are slightly different for each wheel type, and are listed below. If you are looking for professional roulette systems that work, visit the www.roulettephysics.com home page.

Roulette Odds and Payouts

Bet	Payout	European Roulette Odds (Chance of Winning)	European Roulette House Edge	American Roulette Odds (Chance of Winning)	American Roulette House Edge
Reds / Blacks (colour)	1:1	48.65%	2.7%	47.37%	5.26%
Evens / Odds	1:1	48.65%	2.7%	47.37%	5.26%
Lows / Highs (1-18 / 19-36)	1:1	48.65%	2.7%	47.37%	5.26%
Dozens	2:1	32.43%	2.7%	31.58%	5.26%
Columns	2:1	32.43%	2.7%	31.58%	5.26%
6 Numbers (6 line)	5:1	16.22%	2.7%	15.79%	5.26%
5 Numbers (top line)	6:1	–	–	13.16%	7.89%
4 Numbers (square)	8:1	10.81%	2.7%	10.53%	5.26%
3 Numbers (street)	11:1	8.11%	2.7%	7.89%	5.26%
2 Numbers (split)	17:1	5.41%	2.7%	5.26%	5.26%
1 Number (straight)	35:1	2.70%	2.7%	2.63%	5.26%
1:1 payout means you receive 1 chip PLUS your original bet 5:1 payout means you receive 5 chips PLUS your original bet The house edge is the advantage the casino has over players. So if the house edge is 2.7% and you bet $1, you can expect to lose $0.027.

Types Of Roulette Bets:

The two main types of bets are “inside” and “outside”. There are different betting limits for each type of bet. Usually you can bet much higher on outside bets. This is for a few reasons, but mainly because the payouts are much higher on inside bets.

The Types of Roulette Bets, Roulette Odds and Chip Placement

(1) Straight (1 number): 35-1 payout (pays your original bet PLUS 35 units). The example covers number 2.

(2) Split (2 numbers): 17-1 payout (pays your original bet PLUS 17 units). The example covers numbers 2 & 6.

(3) Street (3 numbers): 11-1 payout (pays your original bet PLUS 11 units). The example covers 7, 8 & 9.

(4) Square (4 numbers): 8-1 payout (pays your original bet PLUS 8 units). The example covers 8, 9, 11 & 12.

(5) Six Line (6 numbers): 5-1 payout (pays your original bet PLUS 5 units). The example covers numbers 13, 14, 15, 16, 17 & 18.

(6) Colours (18 numbers): 1:1 payout (pays your original bet PLUS 1 unit). The example covers all black numbers.

(7) Dozens (12 Numbers): 2-1 payout (pays your original bet PLUS 2 units). The example covers numbers 13 to 24 (the second dozen).

(8) Highs / Lows (1-18 or 19-36): 1-1 payout (pays your original bet PLUS 1 unit). The example covers numbers 19 to 36.

(9) Odds/Evens (18 numbers): 1-1 payout (pays your original bet PLUS 1 unit). The example covers all odd numbers.

(10) Columns (12 numbers): 2-1 payout (pays your original bet PLUS 2 units). The example covers numbers 2, 5, 8, 11, 14, 17, 20, 23, 26, 29, 32, 35.

Avoiding Common Misconceptions

One of the most common mistakes a roulette player will make is to increase bets after losses, without any consideration to predicting the winning number. It should be obvious that roulette is all about the winning number. And the idea is to bet on the winning number. But almost every roulette system does not even consider why the ball lands where it does. It sounds ridiculous but it’s true. The average roulette bet made by players don’t even consider variables that determine where the ball will land.

For example, a simple system may be to bet on red but increase your bet size after a loss. The theory is that increasing the bet size will allow you to win back any losses. But the reality is you are simply increasing the amount you wager on the next spin. Each spin has no correlation to the following spin, at least not in the way that such a betting system assumes.

Another example is consider 10 reds spinning in a row. One roulette player says “red is on a streak, I must bet red”. Another player says “black is due to spin next, so I’ll bet black”. So who is right? Neither of them. This is because the odds of red or black spinning are still 50/50 (neglecting the existence of zero for now). It’s amazing how every player at the table things either one way or the other when there is a long streak of a particular colour. Meanwhile the casino owner is sitting back rubbing their hands, grateful that the players have no idea that the illusion of streaks or due events is all in the player’s head.

Race Track Bets

Not all roulette tables offer race track bets. The race track enables players to make bets based on specific segments of the roulette wheel. The rules for use of the race track vary between casinos. Also the wording sometimes varies between race tracks, although usually the same areas for bets are available.

Series 5/8: A bet on the orange “Series 5/8” area is the following:

Splits (2 numbers): 5 & 8, 10 & 11, 13 & 16, 23 & 24, 27 & 30, 33 & 36

Orphelins: A bet on the green “Orphelins” area is:

Straight (1 number): 1

Splits (2 numbers): 6 & 9, 14 & 17, 17 & 20, 31 & 34

Series 0/2/3: A bet on the orange “Series 0/2/3” area is:

Streets (3 numbers): 0, 2, 3

Splits (2 numbers): 4 & 7, 12 & 15, 18 & 21, 19 & 22, 25 & 28, 26 & 29, 32 & 35.

How Does Roulette Pay