Roulette is an old casino game also called by the same name, which was probably originated in the Italian sport Biribi. A wheel, marked with numbers, is spin around to take the place of the player’s bets. Every bet in Roulette has a face value that represents the actual price of the bet when it is placed and the face value of the bet when it is folded. For example, the player who has the “red” hand has a bet of one red card and the player who has the “white” hand has a bet of one white card.
In roulette, players make their bets in chips, known as “baccarat”. Players put these chips inside a roulette bag, called a “pilot” or “wheel”, which is hidden from all others and can only be seen by the dealer, who places the chips into the appropriate holes inside the wheel. The dealer then draws and counts the number of chips revealed within the bag and announces the results. One winning bet equals one of the chips in the wheel. On the other hand, one losing bet equates to one of the chips in the wheel.
If a player bets more than the stated number of chips, he must stop betting and the pot will be reshuffled. This is done so that new bets are made in accordance to the total chips still in play in the shaker. After this, the player must call for a draw in which case the chips in the shaker will be reshuffled and the new pot will be revealed.
In some European casinos, aside from the roulette chips, spinning wheels and the like, there is the electronic roulette system. This is usually integrated into the casinos’ ATM system. One advantage is that in roulette, unlike in craps or baccarat, the house advantage is smaller, allowing the players to bet fewer chips compared to their opponents. The system uses roulette math to calculate the odds of the different combinations of numbers. It is very popular with casino goers as it can be used anytime and anywhere. It is very reliable and accurate.
In roulette, it is easy to lose track of even-money bets. Most of the time, the house edge is three percent. When the number of outs per hour is taken into account, the house edge can increase to as much as five percent.
Therefore, if you want to be a millionaire, you must get as high a roulette house edge as you can afford to stand. Note that higher means more money for you to win, though it also means that you might be playing more hands than you should be. Roulette is a game of probability and it all depends on how lucky you are.