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Playing roulette on the inside track
Just because roulette doesn’t make use of a set of dice doesn't mean it isn’t a game of pure, unadulterated chance. The game is a veritable staple at all major casinos and gambling institutions worldwide and tends to appeal to players looking for a table game without too complex a recourse to skill and strategy, but one that yet retains substantial and even life changing payouts.
Roulette is divided into inside bets and outside bets. The latter tend to require some sort of minimum wager as they are easier to win than a straight up, a split, a corner, or a street. Of course, their pay out is therefore substantially reduced, but outside bets can still be enormously profitable if you’re willing to wager a very high amount. There’s a big difference between wagering $100,000 and doubling your money versus placing down a humble $1 bet and winning another dollar for your efforts. Think of the now famous story of Ashley Revell, who staked his net worth on a single spin of the roulette wheel. It was a heavily publicized event that attracted enormous media and public attention. Revell bet US$135 300 on red at the Plaza Hotel in Las Vegas. As the croupier spun the wheel, the crowd, like Revell, could only watch helplessly and wait. He had submitted his financial future to the vagaries and inconsistencies of chance. Some of the audience even started to cry at the prospect of what a lost round could mean for this public gambler. Fortunately for Revell, Lady Luck chose to smile upon him, and he received his even money payout, walking away with $270 600 (which included his original bet).
So why do so many croupiers keep encouraging players to make use of the inside bets as opposed to the outside territories? There are a number of reasons, but perhaps the most obvious is that inside wagers generate more excitement and interest than the outside ones. There’s also a much higher risk on the inside wagers because of the increased likelihood that you won’t score a straight-up or a split, for instance, and that you’ll ending up losing all your chips completely. The inside wagers epitomize the principle of higher risk– higher reward that characterize the foundations upon which casinos are based.
A word of caution here: if you’re ever tempted to bet on almost all 35 squares in a technique known as blanket betting we would have a single word of sage advice for you: don’t do it! Blanket betting will at best provide you with a meager profit relative to your bet, and at worst will cause you to lose much more than you probably bargained for. If you are determined to cover a substantial portion of the board rather make use of a ten to twelve square betting ratio relative to the board. At twelve squares, you have a near 33% chance to score a hit. It’s enough to give you a substantial chance yet not too much so that you end up paying out more than you win.
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