The first bit of good news is that the odds of winning with either a red or black bet are fairly high – on European Roulette wheels especially where it's just below. Roulette Odds - learn the difference between roulette bets and the probabilities of winning on a European vs an American Wheel. We also explain house edge. The American wheel has both single and double 0 pockets, whereas the European Roulette Odds and Payouts · Types Of Roulette Bets · Avoiding Common. Need a booty call other uses, see Roulette disambiguation. When we talk about Roulette Odds, we mean the odds of you winning a particular bet. Text is available under the Creative Commons Attribution-ShareAlike License ; additional terms may apply. The problem with this strategy is that, remembering that past results do not affect the future, it is possible for the player to lose so many times in a row, that the player, doubling and redoubling his bets, either runs out of money or hits the table limit. The house edge should not be confused with the "hold".