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 on American roulette tables.
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 on the mat.
Straight bets yield the highest payouts because they have the worst odds of winning. A straight bet is choosing one number out of all 36 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 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 also use corner bets (where all four corners of each number meet) - yielding an 8 to 1 payout. You can use different combinations.
Perhaps the easiest method the most rewarding is to simply bet on red or black. However this gives a low payout, which is even to how much you wagered. For instance 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. Like the above two a winning bet would simply grant a payout of 1 to 1.
Of course these payouts can alter as you use different combinations - 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 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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To make your money last longer try to find a single 0 wheel, and make only one bet per round regardless of what kind of wheel you find. After all bets are placed, the croupier spins the wheel in one direction and tosses the small ball in the opposite direction. European roulette) Inside bets are made by placing chips on the numbers from 1 to 36. European Roulette Wheel: The European Roulette Wheel contains 37 numbers including 0 and 1 to 36 Having one zero (0) gives the house a 2.70% advantage. - Roulette is a game of pure chance and each single spin is unrelated to any previous spins. Bets can be placed again for the next spin. 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. Players are allowed to continue placng their bets during the spin until the dealer says "No more bets". Each Player has a different colored set of non-value Roulette chips, determined by his/her purchase. Roulette is a unique table game as it has a mechanical device as the main element of the game. If you’re feeling lucky, you can pack in plenty of casino play at a roulette wheel in a short time. You usually find most tables in Las Vegas with a minimum roulette bet of $1 - $3. Bets outside this grid, like for example a bet on RED, would be an outside bet. Only one of those numbers will win, and will pay 35 to 1, so you'll get back $360 (the $350 you won plus your original $10 bet on that number) The roulette dealer will exchange your chips for regular chips when you are done playing. Roulette is a banking game: all bets are placed against the house. The ball stops in one of the numbered pockets of the Roulette wheel. The Roulette wheels in Europe are numbered 1-36, and have a green zero section. Outside bets in Atlantic City carry only a 2.6% house edge. The last time we checked, Single 0 Roulette was available at the Stratosphere and the Monte Carlo on the Vegas Strip. The wheel has numbered pockets ranging from 0 to 36 - and 00 in American Style Roulette. If you play black-red, odd/even or high-low, you must place the roulette table minimum for each and every bet. - Next to Blackjack, Roulette is one of the most popular games played in modern Casinos. Every player has different colored chips for easier identifying. There are two types of Bets in Roulette. The ball then comes to rest on one number – the winning number for the spin. The Roulette wheel that is mounted horizontally on the end of the table. American Roulette Wheel: The American Roulette Wheel contains 38 numbers including 0, 00 and 1 to 36. Roulette players make bets by placing chips in various locations on the table. The game of roulette starts after the players have made most of their bets by placing them on the numbered layout. Roulette is one of the oldest and most popular games played in modern casinos. After all bets are placed, the croupier spins the wheel in one direction and tosses the small ball in the opposite direction. Roulette is of French origin and was first played in New Orleans. There are 2 types of roulette, American and French (aka European roulette) When you get your roulette chips they will not be marked with a denomination, you choose it, and all of the chips will reflect that worth - the dealer keeps track of that by associating the amount and color with a 'lammer'. The wheel is divided into 38 (American) or 37 (European) sections, each of which has walls to hold a small ball where it lands after the wheel is spun.