There are many different types of bets that can be made when playing roulette at online casinos. Depending on the version of this popular game (American, European and French) the Roulette table will offer more or less the same bets, and will provide an overall Expected Value of Return - once again, depending on the particular bets made. An easy game to learn, knowing the different types of bets and their corresponding Casino Edges is mastering half the game. The other half is knowing which bets to make and stay clear of. The following tip will recap all the different types of bets:

- A Straight bet is on a single number and pays out 35:1 with a 5.26% House Edge.

- A Split bet is a bet on any two two adjacent numbers on the board. It pays 17:1 and has a House Edge of 5.26%.

- A Corner bet is on any four adjacent numbers forming a square on the board. Also with a 5.26% House Edge, this bet pays 8 to 1.

- The Street bet is placed on any three numbered row, covering three numbers and paying out 11 to 1. Again, this wager has a 5.26% House Edge.

- A Double Street bet is a wager on two adjacent streets (rows) thus covering six numbers and paying out 5:1. Guess what the House Edge is on this one. Sure enough, it's 5.26%.

- The last of the inside number bets is the 5-number bet. This is the most disadvantageous bet on the board with a 7.89% Casinos Edge. It is placed in the upper-left corner of the Number 1 box and covers five numbers. The payout is 6 to 1.

The best bets on the board to make are the even money outside bets, which pay out 1:1. These are the Red or Black, Odd or Even, 1 through 18 (low) and 19 through 36 (high).

The last of the bets on the table are the Dozens and Columns. The Dozens cover twelve numbers each (1-12, 13-24, and 25-36) and pay 2 to 1. The Column bet also pays 2 to 1 and is on the twelve numbers (one of the three columns of numbers on the board).

Next time you are in the online casino, consider keeping your chips limited to the outside bets.