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While the board varies, the basic Vegas roulette board has a total of 38 numbers (1-36) and 0, 00. The payout for a single wager is 1:38. So, you would be breaking even if you placed a bet on every number including the zeros. If you DIDN'T place on the zeros, you most likely will be losing money.
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The odds are stated in the form of x to 1, which means you'll win x dollars for every dollar ... If the ball lands on 0 or 00, you'll lose on any of the outside bets.
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The net winnings on a roulette wager can be thought of as a discrete random variable. If we bet $1 on red and red occurs, then we win our dollar back and another dollar. This results in net winnings of 1. If we bet $1 on red and green or black occurs, then we lose the dollar that we bet. This results in net winnings of -1.
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