Outside Bets in Roulette – Explained!
If you can place a bet or two in roulette, odds are that it is an outside bet. These bets, unlike the inside roulette bets, are very easy to understand. The bets are placed on the outer part of the roulette table, hence the name. And in the hierarchy of roulette bet complexity, the outside bets are the simplest. They are also universally loved for their considerably higher winning chances.
As a new player, it is advisable that you learn to place outside bets first before moving on to the more advanced inside bets. To help you out on this, I have prepared this comprehensive guide to show you just what outside bets are all about, and how to place them in a way that helps you win more as you play roulette.
1. What are Outside Bets?
The basic explanation is that these bets are placed on the outer part of the roulette table, which is not numbered like the inner part of the roulette table. The one remarkable difference between the inside bets and the outside bets is that outside roulette bets are not as specific as the inside bets when it comes to choosing the numbers. With the outside bets, you will be betting on the properties of the numbers on the table, their colors, or some other general classification.
This oversimplification makes the outside bets very easy to understand; and also very popular. Furthermore, since these bets cover a large selection of numbers on the roulette table, they are a lot easier to win. This makes them the go-to choice in most roulette betting scenarios. But because it is easier to win with these bets, the payouts are also much lower than for inside bets. So, here are the outside bets you will meet when playing a game of roulette.
Red or Black Bets
Each of the pockets on the roulette wheel has a certain color. Besides the green color for the zero pocket, other pockets are either colored red or black. When placing this bet, the specific number selected does not matter, just the color of the pocket it is located in. Since almost all numbers on the roulette table have a red or black color, winning with this bet is a lot more probable.
In particular, there is a 48.64% chances of winning with this bet when playing European roulette. The odds of winning with a red/black bet are not 50% as some people think, because of the presence of the zero pocket (which is green). With American roulette, the odds of winning this bet are lower at 47.36% because of the extra double zero pocket. As for payouts, this is an even money bet, which means you will get twice your staked amount as payout if you win.
Odd or Even Bets
With this category of outside bets, which are also even money bets, you will bet on whether the next number to come up will be odd or even. The odds for this bet are exactly similar to those of the red/black bets. So, for European roulette, the odds of winning with this bet stand at 48.64%, while for American roulette, these odds are 47.36%.
High and Low Bets
Just to clarify, the high numbers range from 19 to 36 on the roulette table, while the low numbers range from 1 to 18. Like the red/black and odd/even bets, these bets are even money bets. Similarly, your chances of winning with this bet are similar to those of the red/black and odd/even bets when you take into consideration the roulette variant being used.
If you have had a close look at the roulette table, you will see that the numbers are separated into three major rows. Each of these categories contains 12 numbers (a dozen numbers). The first dozen numbers are from 1 to 12, and the second category of dozen numbers start from 13 to 24, while the last category of dozen numbers ranges from 25 to 36. With European roulette, the odds of winning with this bet are 32.43%. For the American roulette, the odds of winning with this bet are 31.57%. Also the payout for this bet will be two times the amount of bet you placed.
The roulette table has 36 numbers arranged in three columns. Betting on any of these columns is what constitutes placing a column bet. Statistically, the odds of winning with the column bets are similar to the odds of winning with the dozen bets. So, for American roulette, the odds are 31.57%, but for the European roulette version, your odds of winning will be 32.43%. Another similarity between the column bet and the dozen bet is that the payout for this bet is 2 to 1.
How to Win Roulette with Outside Bets
Outside bets are very easy to understand, place, and win. For this reason, they offer a good way to practice some winning tips before you start to use the more complicated inside bets. One of the ways to improve your winning chances with outside bets is to place several of them at a time. For instance, you could bet on even and red at the same time. The odds of winning at least one of these bets is very high when you have two options.
But your hope will be to win both and get an even higher payout. But if one of these bets loses, you will recover the money you lose in one bet from the winning bet. And you don’t have to limit yourself to combinations of outside bets – you could also combine an outside bet with an inside bet. In such cases, when you win with the inside bet, you will end up having a very big payout. On the other hand, when you lose the inside bet, the outside bet will help you recoup the losses if it succeeds.
So, there you have it – outside bets and how to use them to better your chances of winning as you play roulette. But you cannot hope to have a complete understanding of this game, or exploit its winning potential, if you fail to learn about the inside bets as well. So, take a look at the guide I have prepared on inside bets and better your chances of winning whenever you are playing a game of roulette.