In Roulette, there are two main types of bets: inside and outside. Inside bets involve wagering on specific numbers or small groups, offering higher payouts but with lower odds of winning. Examples include straight-up bets on a single number and split bets on two adjacent numbers. Outside bets cover larger groups or characteristics, such as colors or odd/even outcomes, providing better odds of winning but smaller payouts. These options allow players to manage their risk and reward while playing.