A roulette Outside Bet is not the same wager you will find in horse racing which is a long shot- a bet on a horse that has odds of 100:1, for example.
On a roulette table, this term has an entirely different meaning, and refers to the bets that sit outside the central number bets on a roulette table (the Inside Bets).
Examples of Outside Bets include Odd, Even, Red, Black, 1-18, 19-36, Columns, Dozens etc. An Outside Bet in roulette generally has a greater chance of dropping in as you are covering more of the numbers on the roulette wheel on the table. But the pay-off is lower.
Even Money Bets– a win pays out 1:1 – Table coverage 48.6% (European) or 47.4% (American). – Red/Black – Odd/Even – 1-18/19-36
Dozens– pays 2:1 Table coverage 32.4% (European) or 31.6% (American). – 1st 12 – 2nd 12 – 3rd 12
Columns– pays 2:1 Table coverage 32.4% (European) or 31.6% (American). As above, but the columns.
Roulette Table With Outside Bets Marked in Yellow
When Should You Play Outside Bets?
Outside bets are a convenient way of getting your table coverage up quickly (and thus increasing your odds). The house advantage for the inside and outside bets is the same, so you will have the same chance of winnings playing red, as you would by playing 18 different straight up bets (inside bets) but you will be able to make lower bets playing the outside bets in general.
The risk is lower. Many systems like the Whittacker System use outside bets like the even money or column bets.
By all means, play some of the riskier Inside Bets (i.e. collections of individual numbers), but we’d always advise at least to weight your bets towards the outside bets. Make sure you have a good sprinkling of them in your session. Many popular systems such as the Martingale System and the Law of the Third use Outside Bets (even money bets generally for the Marty and Columns or Dozens for the Law of the Third System.
Roulette Tip: Outside Bets
Outside Bets Roulette Tip
The columns and dozens bets are two types of Outside Bets in roulette that cover the same percentage of table across different numbers. This makes them useful for mixing things up if you want to cover a third or two thirds of the table. You just need to flip between dozens and columns to break up your play pattern.
It can also be quite interesting to play a dozen bet and a column bet. This will reduce your overall coverage on the table as you will have overlapped some numbers, but it means that some numbers will pay out on both bets if they come in.
This is due to the design of most roulette tables. If you bet on a single number, you will place your chip on the inside of the numbers grid in most cases. Bets like red/black, columns and dozens are placed outside of the number grid.
All of the variations you see have the same house edge (2.6% on European tables, 5.2% on American). If we are playing the even money bets, on a Martingale progression for example, we like to mix up our play and switch between red/black, hi/lo and odd/even at random. The odds are the same, so why not?