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They are equal in that there are 18 red and 18 black numbers on a roulette wheel. The 0 and 00 are both green numbers. However, there are 10 odd red numbers and 8 even red numbers. Also,the opposite is true in that there are 10 even black numbers and 8 odd black numbers. If you bet even and red or odd and black it seems you would have a slight edge as you would be covering 20 numbers instead of 18.

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