A basket bet in American roulette is a wager placed on five specific numbers: 0, 00, 1, 2, and 3. Players make this bet by positioning chips on the corner of the 0 and 1 squares where the lines intersect. The basket bet has a higher house edge than most other bets in roulette, with a payout of 6 to 1, making it less favorable statistically. Despite its risk, some players use it to cover the unique combination of numbers in hopes of a substantial return.