An Outside Bet in horse racing, is a long shot- a bet on a horse that has odds of 100:1, for example. On a roulette table, it has an entirely different meaning, and refers to the bets that sit outside the central number bets on a roulette table- the so called Inside Bets.
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 to Play Outside Bets:
Outside bets are a convenient way of getting your table coverage up quickly (and thus your odds). The house advantage for inside and outside bets is the same, so you will have exactly the same chance of winnings playing red, as you would by playing 18 different straight up bets (inside bets), for example, but you will be able to make lower bets playing the outside bets. 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 (ie 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 sprikling 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.
Pros and Cons
A quick way of increasing your table coverage
Increases your odds of winning versus, say, a single number bet.
Many variations so you can mix it up
Lower volatility means a lower payout. Red/Black pays our even money for example (1:1)
Remember the zero pocket. That’s what gives the house its edge!
The Best Casino and Variant to play Outside Bets in roulette?
All casinos give you the opportunity to play outside bets: it´s such a basic bet (unlike say a Call Bet like Jeu Zero). Play these bets at 32Red on European Roulette or play French Roulette for La Partage Rule on your even money bets.