Roulette is the third biggest Casino 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, although 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 picking up one number out of all 36 to win. You can choose zero or double zero. The payout is 35 to 1. It's so high because you obviously have a one in 38 chance of winning. You can 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 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 - 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. For example 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.
Of course these payouts can alter as you use different combinations at once - but in doing so you decrease your odds of winning at all.
The simplest method is to bet on odd or even and red or black. Combine this with the Martingale system 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 in this game are 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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However, if the dreaded 00 is spun, the House (the casino) keeps all the bets. When you finish beating the house at roulette, you will have to ask the dealer to "color out" for you  The dealer will take your chips and give you casino checks which you may then use on other games or cash out at the cashier. The winning roulette number is marked by the Dealer. If you win the second spin, your bet is "released from prison" and you get it back. The dealer spins the roulette wheel in one direction and the small ball in the opposite one. If the roulette ball lands in the 0 slot, the game ends and all players receive half their original bets back. Before you get confused, standard American roulette rules have the table use different chips than other table games at the same casino. If you play Roulette, the most important thing is to find a casino that offers the European wheel (which is called "Single 0" Roulette) The Roulette wheels in America have a green zero and double zero, giving the American casinos the twice house edge. You may place roulette bets on the spin until the Dealer announces "No more bets". Wait til the dealer says "place your bets" before putting any chips down for the next round. The wheel has numbered pockets ranging from 0 to 36 - and 00 in American Style Roulette. Wait til the dealer says "place your bets" before putting any roulette chips down for the next round. 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. A European roulette wheel has the numbers 1-36, plus a slot for zero. The outcome of a game of Roulette is determined by where the ball stops on the Roulette wheel.  You usually find most tables in Las Vegas with a minimum bet of $1 - $3. After all bets are placed, the croupier spins the wheel in one direction and tosses the small ball in the opposite direction. 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. Each Player has a different colored set of non-value Roulette chips, determined by his/her purchase. When the roulette ball comes to rest in one of the slots, the dealer will call out the winning number and settle all bets. Each Player has a different colored set of non-value Roulette chips, determined by his/her purchase. Once the bets are placed on the table, a small ball is released on to the spinning Roulette wheel, in the opposite direction to the spin. Roulette was developed around the turn of the century and is one of the most popular gambling games in the world. Your odds of winning a one-number bet are 37 to 1 (37 ways to lose, 1 way to win) And it's so easy to play! An American roulette wheel has an extra slot; 00. After all payoffs have been made, the Dealer will announce "Place your bets. Don't use dangerous betting systems like the Martingale. All roulette players place their bets. Numbers 1-18 are considered the lows numbers, 19-36 are the highs. Single numbers pay the highest, while either/or bets are lowest. Roulette is not as popular in United States casinos as it is in Europe. Single numbers pay the highest, while either/or bets are lowest. The marked area of roulette is called the game layout, and you may place bets on any particular number, any 4 adjacent numbers, a column or a dozen bet. Roulette uses a special wheel, a betting layout, and chips. The standard American casino roulette wheel contains two green slots: 0 and 00 (many European wheels eliminate the 00, which creates more favorable odds for players)