Roulette is the third biggest game in the world because of its relative simplicity. There are two versions of Roulette: the European and the American Roulette. Let's focus on the American version. The American double zero increases the house edge.
Roulette payouts are not pot luck or simple jackpot wins, they vary depending on what was wagered in the first place and where the chip is placed.
Straight bets yield the highest payouts because they have the worst odds of winning. A straight bet is choosing one number to bet. You can choose zero or double zero. The payout is 35 to 1, meaning if you wagered you would get a nice 0 back. It's so high because you obviously have a one in 38 chance of winning. Choose this bet 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 that you put 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 the most rewarding (in the long run) is to bet on a color red or black. However this gives a low payout, which is even to how much you wagered. Suppose if you bet and win, you get your back with an extra .
Identical to this is the odd and even bet. Simply bet on whether the ball will land on an odd or even number. You don't have to decide the exact number.
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.
naturally these payouts can alter as you use different combinations - but then you decrease your odds of winning at all.
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.
So the bets to avoid are probably all single number bets and the five number bet (only found on double zero wheels) because these types of bets have the largest disparity between true odds and actual payouts.

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Once the bets have been placed on the table, the wheel starts spinning and a small ball is released on to the wheel in the opposite direction of the spinning wheel. Each roulette player is assigned different color of chip, allowing the dealer differentiate bets and match them to the right players. Odds of 17:1 are attached to bets on two numbers, which can be made by laying a chip across the line between any two numbers on the board. The main goal of the roulette is to bet on the slot where the roulette ball falls. American and European roulettes have a wheel that is divided into numerous slots. An American roulette wheel has an extra slot; 00. Winning bets are determined by the numbered slot in which the ball comes to rest. If you are playing at a table with a 5 dollar minimum, you are required to place 5 dollars on each of your outside bets, and-or a total of at least 5 dollars on your inside bets (inside & outside bets are explained in a second) That $20 you lost represents the house edge of 5.26% ($20 lost divided by the $380 that you bet) The roulette dealer will exchange your chips for regular chips when you are done playing. However, if the dreaded 00 is spun, the House (the casino) keeps all the bets. Most casinos have 00 on their roulette wheels to increase the odds to their advantage (American Roulette) Traditionally roulette has been played in regular offline casinos. Roulette chips have no value at other tables. The wheel determines the outcome of a roulette game. In American roulette the addition of the 00 section greatly increases the odds in favor of the house. If the dreaded 00 is spun, the House keeps all the bets. Here's another way to look at it: Let's say you bet $10 on every number one bet on each of the 38 spots. The last time we checked, Single 0 Roulette was available at the Stratosphere and the Monte Carlo on the Vegas Strip. The dealer spins the wheel in one direction and the small ball in the opposite one. You can place bets until the ball leaves the track and falls onto the spun wheel. If the roulette ball lands in the 0 slot, the game ends and all players receive half their original bets back. The number the ball stops on is the winning number. - Roulette is a game of pure chance and each single spin is unrelated to any previous spins. The ball stops in one of the numbered pockets of the Roulette wheel.  You usually find most tables in Las Vegas with a minimum bet of $1 - $3. - What would a casino be without a roulette wheel? The zero and double zero numbers are in green and on opposite sides of the wheel, the colors and odd/even numbers alternate, and the numbers themselves are randomly distributed. The French roulette wheel is divided into 37 slots, numbered 1 through 36, plus 0, there is no 00. As in all Casino games, the house maintains a winning advantage over the people gambling. (If you don't believe me start flipping a coin and notice that after three heads, you're equally likely to get heads as tails on the next flip. The wheel has numbered pockets ranging from 0 to 36 - and 00 in American Style Roulette. European wheels have only the 0 green section. Roulette is a banking game: all bets are placed against the house. And it's so easy to play!   The only difference is that the American version has a single zero and a double zero versus the French version with just a single zero. If black has just come up ten times in a row, your odds haven't changed, black and red are equally likely on the next spin. Wait til the dealer says "place your bets" before putting any roulette chips down for the next round.