51. Roulette has some of the worst odds in the casino. American roulette has a house edge of over 5%. Almost every game offers better odds than this. European Roulette is slightly better.
52. Play European roulette instead of American roulette if you can find it. A European roulette wheel only has one 0 instead of two, which cuts the house edge in half. Over the course of time, that will save you a lot of money playing roulette.
53. Don't use the Martingale system unless you understand that it's a big loss waiting to happen. The Martingale system has you doubling your bet every time you lose, in order to cover your losses. Seems like a great idea, but eventually you'll go on a losing streak. And even if you do have an infinite bankroll, you'll eventually get your bets up to a size beyond the betting limits, and when that happens, you're screwed.
54. Betting on the 0 or 00 doesn't eliminate the house edge like a lot of people think. These are just additional bets with the same house edge as all of the other bets on the table. (There are still 38 numbers on the wheel, and the payout is still 35 to 1 instead of 37 to 1.)
55. Even though the house edge on roulette is high, you'll probably only be making about 30 bets per hour, so the cost to play per hour isn't that bad. If you assume that you're playing a $5 bet each bet, then you're putting $150/hour in action. With a roughly 5% house edge, you're looking at losing on a average $7.50/hour over the long run. You can defray that cost with a few expensive comped drinks.
56. Decide whether you want to hit lots of small wins or go for rarer larger wins. Then place your bets accordingly. As a general rule, the outside bets will enable you to hit lots of small wins more often, and the inside bets will hit bigger amounts but less often. All of the bets have the same odds though.
57. Bet the even odds bets, like red or black or odd or even, if you want to have numerous small wins. These pay off at even money, even though you don't really have even odds of winning, it still seems pretty close to even odds sometimes.
58. Bet single numbers if you want to go for a bigger win once in a while. These pay off at 35 to 1.
59. Don't think that just because red came up three times in a row that black is somehow "due". It's not. Every spin of the wheel is an "independent trial", which means the odds of a particular outcome are fixed. Previous results have no bearing on the probability of the next result.
60. Unless you're really committed, pay no attention to clocking roulette wheels or trying to find a "biased" wheel. It would take literally thousands of spins to find a real biased roulette wheel with any reasonable degree of certainty, and even then, there is nothing to prevent the casino from moving the wheel to a different table at some point.
