Here we'll talk about the odds of winning each time that roulette wheel is spun and you have put a bet down. As always with any casino game, the house has an edge. In roulette, that edge is 5.26% or so, with slightly worse odds if one were to play a 5 number bet. At online casinos such as Party Casino, your odds are improved slightly by the fact that you are given cash bonuses while playing.
When you read the different types of bets, you probably wondered to yourself: if there are 38 numbers on the roulette wheel, how come the payoff is only 35 to 1 if I bet on one number and it lands on the roulette wheel? This is called the house edge, and this is how casinos make their money. So if you bet $100 on every spin, mathematically speaking you will be losing $200 for every 38 spins of the wheel. This is how the casinos make money and stay in business.
Roulette is a funny game though; people know that the house has an edge going in, but still, people win all the time. Most people are drawn to the simplicity of the game; sure, a great blackjack player might have an edge on the house, but it takes quite a bit of knowledge to become proficient in blackjack. In roulette, you can just walk up and place a bet on red .. nothing too difficult about that. Sure, there are ways to hedge yourself in roulette and come up with different strategies, but most people are drawn to roulette for the simple rules and social aspect of the game.