Roulette - Money Management
Good money management can go a long way toward making sure you have a successful and enjoyable roulette experience. The simple fact is, if you don't have money, you can't play. Additionally, f you lose more than you were prepared to, you won't enjoy the game.
Here are some strategies for making sure money isn't a problem when you play roulette.
Roulette Money Management Strategy No. 1: Establish a Bankroll
It's no good to be sent home after three spins of the wheel. Think about how much and how often you like to bet. Rather than randomly scattering chips over the layout, plan to bet, for example, 20 chips per spin.
If a spin takes one minute from beginning to end, that is 1,800 chips per hour. If you are going to play for five hours, you will need 9,000 chips if you never win. Of course, it is unlikely that you will never win, but you want to have enough chips with you that you can weather an extended losing streak.
If you prefer to play inside bets, you should have a bigger bankroll, since inside bets come in less often. Outside bets require a much smaller bankroll.
Roulette Money Management Strategy No. 2: Avoid the Martingale System
Some roulette players feel that a Martingale system, in which you double your bet every time you lose, is the way to go in roulette. Using such a system can quickly devastate your bankroll. It usually takes only a short losing streak of seven to ten spins to run up against the House betting limit or leave you with no chips to continue the system. If you must use a betting system, use a progressive roulette betting system, that allows you to raise your bet when you win, not when you lose.