Red/Black (red or black) bets are a type of even money outside roulette bets
where you are betting on the color of the number hit on the roulette wheel
. As you know, each number on the wheel has a color of either Red, Black, or Green (0 and 00). This is a very common type of roulette bet because of the ease of understanding you almost have a 50/50 chance of winning. If the wheel lands on 0 or 00, neither a red or black bet wins. To place a red/black bet, simply put your chips on the area marked "Red" or "Black" on the roulette table
The payout on a red or black bet is 1:1, even money. If you place a $5 bet on red and the wheel hits a red number, you will be paid $5 in addition to getting your original $5 bet back.