The game of roullete involves betting on the outcome of a spin of a revolving wheel with numbered pockets. Players place their chips on a section of the table until the croupier says, “No more bets.” Then the ball is dropped into the wheel and the gamblers wait.
The house edge varies depending on the bet type. Inside bets offer lower odds but higher payouts. Outside bets have a higher house edge but pay out less.
Origin
The origin of roulette is not known with certainty, although there are a number of theories. The most popular theory is that it was invented by the French mathematician Blaise Pascal in the 17th century, but it would not be until the mid-18th century that he introduced it to gambling houses in Paris. The game was also adapted from older games such as Portique and Hoca.
There are other fanciful stories as well, including the belief that it was created in China and then transmitted to France by Dominican monks. These monks then brought the game to other parts of Europe and the world as they traveled.
Bets
There are a variety of betting opportunities on roullete, and some are more risky than others. The Split Bet (also known as a cheval in French) is the most risky wager, as you are placing your chips to straddle the line between two numbers on the layout. If you are correct, the payout is 17-1. The Street bet (also called the Three Number Bet or Side Bet) is another outside bet, and it offers a payout of 11-1 if you win.