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Roulette is the third biggest Casino game in the US and the world because of its relative simplicity. There are two versions. The European and the American. We will focus the American version in this article, although payouts are the same bar one. This is due to the American double zero which increases the house edge on American roulette tables.

Roulette payouts are not pot luck or simple jackpot wins, although they do vary depending on what was wagered in the first place and where the chip is placed on the mat. Detailed roulette payouts are explained below:

Straight bets yield the highest payouts because they have the worst odds of winning. A straight bet is when you pick one number out of all 36 to win. You can also choose zero or double zero. The payout ratio is 35 to 1, meaning if you wagered $10 you would get a nice $350 back. It's this high for a reason though, because you obviously have a one in 38 chance of winning. Choose this bet on its own if you have cash to burn.

You can increase your chances but still get a high payout (at least where roulette payouts are concerned) by splitting your bet. This means placing your chip between two numbers on the board. If it lands on either of these numbers you get a 17 to 1 payout. You can take this option even further by using corner bets (where all four corners of each number meet) ' yielding an 8 to 1 payout. You can use different combinations for more secure bets.

Perhaps the easiest method and at times the most rewarding (in the long run) is to simply bet on a color red or black. This however gives a low payout, which is even to how much you wagered. For example if you bet $10 and win, you get your $10 back with an extra $10.

Identical to this is the odd and even bet. Simply bet on whether the ball will land on an odd or even number. You do not have to decide the exact number it lands on though.

High bets are between 1 and 18, and low bets are between 19 and 36. Like the above two a winning bet would simply grant a payout of 1 to 1.

If you choose the first, middle or last set of 12's you will get a payout of 2 to 1.

Of course these payouts can alter as you use different combinations at once ' but in doing so you greatly decrease your odds of winning at all, and you can quickly burn through your whole bank balance.

The simplest method as outlined above is to bet on odd or even and red or black. Combine this with the Martingale system of doubling your bet amount after a loss and you will eventually always be in the positive. It just depends on how big your bank balance is and if it can take a huge losing streak, or adhere to the maximum bet limit whilst taking a loss.