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Alright since you killed the "War Games" answer, i.e. the best move is not to play, I will give you the strategy I use when I am forced to play by my friend who loves the game.

In order to play this way you have to play at a table where you don't have to make the minimum for side bets provided you spread the minimum on the table (i.e. if the table minimum is $5.00 you can put $2.00 on "2nd 12" or black provided you put $3.00 somewhere else on the table, or play at a $2 minimum table.

So here we go.

Bet $1.00 on a number of your choice, lets use 5. Then put $2.00 on the corner of the 5 to cover it and the three adjoining numbers (so 1,2,4). Then $2.00 on the corner to cover the number 5 and the 5 adjoining numbers (so 1,2,3,4,5,6 are bet by your $2.00) then $2.00 on the other side of the adjoining numbers (so 4,5,6,7,8,9 are bet by this $2.00), Then you put $2.00 in the "2nd 12" spot, and finally $2.00 in the "3rd 12" spot.

You have now bet out $11.00. You have a bet on every number on the table except 0, 00, 10, 11, 12. If one of them hit you lose it all, however, if a number in the 2nd or 3rd groups hit you will get $6.00 of your $11.00 back. If the number you are betting on, in this case 5, hits, then you win $78.00, if any of the numbers around 5 hits you also win a decent little pot.

Basically, this is a way to play for a while, not lose much as you only usually lose $5.00 per spin of the wheel (you are covering 33 of the 38 possible numbers so I say usually) and you still can win some bucks if your numbers hit. If you can find somewhere that uses a European wheel, which has only one zero on it, even better because that is one less number you are not covering.

Played this way at O'Shea's in November for about 2 hours one night and won a little over $300.00. That said I still won't play the game unless my "friend" drags me to it.

Regards