The first dozen covers numbers 1-12, the second covers 13-24, and the third covers 25-36. On a table, you'll find this bet located in-between the even money bets and the inside numbers. Just like a column bet, a single dozen will payout at 2 to 1.
Say a single-number bet has a 35:1 payout, and you betR$1. If you win, you'll get your money back plusR$35. Another example: If you win aR$100 bet (for a 35:1 payout), you get a total of $3,600 ($3,500 profit plus theR$100 you initially bet).
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What Einstein actually meant was that there is no mathematical trick that can help you win at roulette. Each spin is an independent trial and, in the long run, the casino will win. This is different to a game such as Blackjack where the probabilities change as cards are dealt.
A roulette game is strictly random and any hope of actually getting an edge at the game died when the new (now relatively old) computers took over the wheels.