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The red-black bet in the game of Roulette is another of the many bets you can place in Roulette, be it online or traditional Roulette. This bet is an outside bet and the player has as much chance of winning as the croupier. The red and black system in Roulette works like this.
The different numbers on a Roulette table are usually marked in two different colors – red and black. There are 18 numbers in red squares and the remaining 18 are in the black squares. The red-black bet in Roulette allows you to bet on whether the ball will finally stop at a red number or a black number.
The Roulette red-black bet is similar to the low and high numbers and odd-even bets in that this bet too allows you to bet on 18 numbers together. The difference is that in this bet, you do not bet on odd or even numbers or even low or high numbers, but on the color of the number.
To place the red-black bet in Roulette, you need to first decide which color you want to wager on – red or black. Once you decide the color you wish to wager on, you need to place your chip(s) on the appropriate box at the bottom center of the Roulette table.
To place a bet on the red boxes, you need to place your chip(s) on the red-colored box, located at the bottom center of the table, next to the box marked ‘EVEN’. To place your bet on the black boxes, you need to place your chip(s) on the black colored box next to the box marked ‘ODD’.
so what are the odds and payout for the Roulette red black bet? Since this is an outside bet, the odds are not that high and actually pays out even money when you win. What this means is that if you placed a $20 Roulette red-black bet, you would win an additional $20 along with the original $20 you wagered when you win. It’s a 50/50 chance (even though the zero is green which in this case you lose any color you bet on)
Finally, let us discuss the house advantage in the red-back bet in Roulette. The house advantage for this bet is the standard 5.26% in American Roulette and 2.70% for European Roulette. However, you can reduce the house edge significantly by using this bet in conjunction with the half back rule or the en prison rule.