If you're aiming to play Roulette successfully then it's important to employ a bankroll management strategy as failure to do so can see your bankroll disappear rapidly, leaving you feel somewhat cheated.
If you've ever taken the time to study the popular roulette systems you'll know that many of these are based on using your knowledge of previous spins which can occasionally give you an edge over the casino, but still doesn't mean that you should risk too much of your bankroll at once. Let's face it, even if you have a 90% edge in a game of chance, you shouldn't risk everything on a single wager and you should always have something in reserve to continue your Roulette play with.
Before we look at Roulette Bankroll Management strategy, it is important to be aware of the fact that roulette is a form of entertainment and the point of playing is enjoyment. As such, you should only fund your bankroll with money that you don't need for living expenses, and you should never exceed your predetermined budget. Now let's take a look at how bankroll and money management works in the game of roulette.
Divide and allocate your bankroll
Once you've set aside your allocated bankroll for roulette play at your favourite online casinos, break it down into units so that you will be forced to make conservative wagers and manage your casino bankroll throughout the month. Be mindful of the fact that if you lose the whole amount at once then you will be forced to wait until the next month in order to play again. This will keep things in perspective and prevent you from burning through all your cash in one night.
If you're fortunate enough to enjoy some wins, then you can consider increasing the size of your bets in order to cash in on any "hot streaks" you may be encountering. Then after each gaming session, re-evaluate your bankroll and continue to divide it into units according to the number of time you wish to play in a particular month.
Gaining the edge
Casino generally end up winning due to the innate statistical edge in the majority of casino games, however they would win less often if players maximized their wins instead of chasing losses, which is one of the biggest mistakes anyone can make.
In order to gain any type of advantage over the casino you should always practice solid roulette money management and follow the strategy or system you select.
Another important factor in gaining an edge is to bet less when you're losing and increase your bets when you're winning. This way you won't get trapped into chasing your losses and you can take advantage of any winning streaks that come your way.
Keep in mind that if you bet a chip and cover the numbers 1, 2 and 3 on the roulette table and they keep hitting you should alter your strategy and cover each number individually to maximize the payouts ‐ in doing so, you also lower the house edge. In a 3 number bet you'll be paid 11 to 1 but if you bet each number individually you'll earn a 35 to 1 payout, which takes your overall wager from 33 for 3 to 35 for 3 which is a substantial increase.
If the numbers you select continue to hit, you can steadily increase your bets but if they don't and you find your chips disappearing, decrease your bet until you can recoup your losses.
If you're playing using a roulette system, generally you should give yourself two or three attempts in a session, so divide your bankroll accordingly. If you win a round by doubling your bet, then you can start the next round with the same amount or add your new win to your existing bankroll and divide it by two or three again. This will allow you to maximize your wins on the nights when you're lucky but will also limit the amounts you lose when you're not which is ultimately the key to successful money management. Another key is to stop playing when you've lost the money you allocated to a single session.
Keep a record
Always keep track of your roulette game play ‐ not only to monitor your bankroll allocation, but also in order to keep track of what strategies are working. A record of each session will help you to do just that and also give you insight into which system/s work for you so that you can use them again on your next visit to the casino.