Even Money Betting
A Guide to Outside Bets: Even money Bets
Although these generally have a smaller payout, they are less specific and easier to win.
1 to 18: a bet on any of the numbers 1-18.
19 to 36: a bet on any of the numbers 19-36.
Red or black: a bet on which colour the ball will land in.
Even or odd: a bet on an even or odd non-zero number.
Dozen bets (also called high/low): a bet on the first (1-12), second (13-24) or third group (25-36) of twelve numbers.
Column bets: a bet on all 12 numbers on any of the three vertical lines (such as 1-4-7-10 on down to 34).
What is Even Money Betting?
Even money betting means that loser loses no more than the winner gains. In short, its a 47-53 chance of winning, with the odds stacked a little bit more in the favour of the casino. This is proven in roulette which has at least one green slot that puts the better at a disadvantage if s/he chooses black or red. For the European Wheel which operates using 37 slots, there is a loophole called en prison which means that if you land on a zero, the bet is neither won nor loss and the bet stands for the next spin. This is more like a 49-51 chance of winning.