Roulette Money Management - Manage your roulette money well!
A lot of players will tell you that when it comes to gambling, there’s no such thing as managing your money and that the most important thing is to play with feeling and wild abandon, but the reality is that even if you’re the heir to Bill Gates’ vast kingdom, that kind of mind set will have you broke in a matter of minutes, if not seconds. As with everything else in life, planning really is the key to success and when it comes to roulette money management the planning principle applies seven fold and is truly one of the only things that will guarantee you the kind of success which you have only dreamt of.
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We at CasinoTop10 know what it’s like to be thrown out of casinos with barely two dollars to rub together and sadly banished to play Free Roulette for the rest of our day. And it is this which has spurred us to find new ways to not only make money, but also hold onto it. Below we have listed the cornerstones of what it takes to become an expert in roulette money management and never live in the darkness of money mismanagement ever again!
We’ve all been on those nights out where one drink becomes ten and before you know it you’re dipping into your rent money and drunk dialling your ex. Well, the only way to prevent this disaster from happening is to go out with a fixed budget and possibly leave your credit card at home. The same exact principle can be applied to roulette money management; if you don’t want to be sent home after just three spins of the wheel, you need to plan ahead and really give thought to how much and how often you’d like to bet so that when push comes to shove (or spin comes to spin), you won’t spin yourself out of control and randomly scatter chips over the entire table. Indeed, the best thing to do is plan for example to bet 20 chips per spin and then stick to it.
Still not sure? Let’s just take a second to do the Maths. If a spin takes an average of one minute from beginning to end, that means that you will be playing 1,800 chips per hour. Thus, if you are going to play for five hours, you will need to play 9,000 chips if you never win. The reality is that despite the fact that it is highly unlikely that you will win nothing during those five hours, you always need to make sure to prepare for the worst and ensure that you have enough chips to be able to weather an extended losing streak. All this said, if you prefer to play inside bets and that’s your poison of choice, you should be equipped with a bigger bankroll since inside bets come in a lot less often. It is outside bets which require a much smaller bankroll.
Although many a roulette enthusiast swears by the Martingale system (and sometimes the James Bond Roulette Strategy too) the truth is that as effective as many players find it, it will quickly drain your bankroll dry. For those of you who aren’t sure what we’re ranting and raving about, in the Martingale system, players are instructed to double their bets every time they lose which means that if you bet 20 chips and lose them, you’re supposed to bet 40 chips in the next round. Undoubtedly, this will very quickly devastate your bankroll as it will obviously take only a very short losing streak of around seven to ten spins for you to run up against the house betting limit and have no chips to continue the system with. Of course, the Martingale system like many casino systems does ultimately depend on the player’s patience levels. If you’re willing to bet small amounts and wait it out, you may actually end up with a profit before you hit the house betting limit wall. However, your best bet when it comes to roulette money management is to settle for a progressive roulette betting system as this will allow you to raise your bet when you win, not when you lose.
Due to the fact that roulette is ultimately a game of chance, the house will undoubtedly always have an edge and so any strategy or roulette money management tips you chose to use will have to be pretty effective for you to make money. Ultimately, your best bet is to play it safe, instead of putting all your money on one number, why not put your chips on all black or all red and put up your odds of winning by almost 50 per cent. In the case of casino games which are mostly based on luck, the best way to manage your money is by bettering your odds.
Roulette Money Management Means Quitting While You’re Ahead!
At the crux of efficient roulette money management is a deceptively simple principle: know when it’s time to quit! The reality is a simple one, a smart roulette player is a player who knows how much he wants to play with and how much he’s willing to lose. Furthermore, if he loses the amount of money that he has set aside for this purpose, he won’t pursue the money he has lost like a headless chicken. As all gamblers know, there are days when you feel like you’re never going to see the sun again and others when you feel like Lady Luck herself has kissed you on the cheek and the true connoisseur knows how to distinguish between the two and will be able to walk away from the table if the going gets tough. Ultimately, what the roulette money management technique does more than anything else is check how disciplined you are as a casino gamer. So why not test out your newfound knowledge by visiting one of the specially picked out casinos in our toplist and prepare to win money like never, ever before.