Roulette is the third biggest Casino game in the world. 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, although they vary depending on what was wagered in the first place and where the chip is placed.
Straight bets yield the highest payouts. A straight bet is when you pick one number to win. You can also 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 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 - 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 is to bet on a color red or black. However this gives a low payout, which is even to how much you wagered. Say 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 it lands on though.
High bets are between 1 and 18, and low bets are between 19 and 36. A winning bet would simply grant a payout of 1 to 1.
Of course these payouts can alter as you use different combinations - but then you decrease your odds of winning.
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 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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European games have an option called en prison which reduces the house edge to 1.35%, but it's generally not available in the U.S., even in casinos that use the European wheel. After all payoffs have been made, the Dealer will announce "Place your bets. - Roulette is a game of chance and consists of a Roulette wheel and table. The Roulette wheel has numbered pockets ranging from 00 to 36. Winning bets are determined by the numbered slot in which the ball comes to rest. Wait til the dealer says "place your bets" before putting any chips down for the next round. If the roulette ball lands in the 0 slot, the game ends and all players receive half their original bets back. Roulette translated literally means "small wheel" and is one of the oldest casino games played today. - Roulette is a very easy to learn and really exciting game. The ball stops in one of the numbered pockets of the Roulette wheel. In roulette game the bank pays or collects from each bettor. The roulette wheel consists of slots or “pockets” numbered from 1 to 36, which are either red or black. - Roulette is one of the oldest and most popular games played in modern casinos. After purchasing the chips from the dealer, the player places them on the desired positions on the table in an attempt to predict where the ball will land after the wheel is spun and the ball comes to a stop. Once the ball has found its slot, the dealer will call out the winning number and place a marker on that number's spot on the layout. If you play Roulette, the most important thing is to find a casino that offers the European wheel (which is called "Single 0" Roulette) You should remember to exchange the colored non-value Roulette chips for valued gaming chips prior to leaving a particular Roulette table. The United States adopted their own version of roulette, but the French version is still played time to time in Las Vegas. You may place roulette bets on the spin until the Dealer announces "No more bets". After all bets are placed, the croupier spins the wheel in one direction and tosses the small ball in the opposite direction. In a casino, the person who spins the wheel is called a croupier. When all bets are placed, the croupier spins the wheel and a ball bounces from slot to slot until finally coming to rest in one of them. Outside bet options include betting red, black, even, odd, low, high or selected thirds of numbers.  You usually find most tables in Las Vegas with a minimum bet of $1 - $3. The number the ball stops on is the winning number. The chips are worthless at the other tables in the same casino, so do not bother trying to stack them under your blackjack chips or anything foolish like that. The last time we checked, Single 0 Roulette was available at the Stratosphere and the Monte Carlo on the Vegas Strip. Once the bets have been placed on the table, the wheel is set to start spinning and a small - usually metal or ivory - ball is spun onto the wheel in the opposite direction to that of the spinning wheel. When you are at the point that you want to place your bet, do not be concerned about someone else having already taken your bet - chips can share bets thanks to the colors. k. The ball slows and eventually stops in one of the numbered pockets in the Roulette wheel. When I was learning about gambling, the first thing I did was to buy and read the book The Complete Idiot's Guide to Gambling Like a Pro. After all bets are placed, the roulette Dealer spins the wheel in one direction and the ball in the opposite direction. The French roulette wheel is divided into 37 slots, numbered 1 through 36, plus 0 There is no 00. Before you get confused, standard American roulette rules have the table use different chips than other table games at the same casino. And it's so easy to play! Roulette is a glamorous and exciting game that's easy to play. Each player is assigned different color of chip, allowing the dealer differentiate bets and match them to the right players.