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Many say the the only way you can double your money is by folding it over and putting it in your pocket. While we believe this is true, we also believe that with the right money management system you can play roulette without losing it all.
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While common roulette systems work by attempting to lower the house edge, you can’t try your luck on the best odds when you have no money left. So, we recommend garnering a money management system in conjunction with any strategy you may enjoy using in order to really come out on top when playing roulette at a brick and mortar casino.
What is a roulette money management system?
Players who exceed their budget to try to make up for what they have lost are common when gambling and usually end up in even more trouble than they think they are in when on a losing streak. By following a roulette money management system, players aren’t jeopardising their financial situation for a game which should exist as a form of entertainment, not as a way to make money.
Basic roulette money management system
There are countless tips available when it comes to a good roulette money management system but we have gotten the list down to four main points so players can implement the system easily and ultimately play roulette for as long as possible.
1. Moderation is key
Make sure you have a bankroll as a limit of how much you can spend when playing roulette. Many players can get carried away when playing roulette and wager more than they can afford, especially if they are using a credit card. If you are one to be a bit too spontaneous for your personal liking, use a pre-paid service so you have a limit that can’t be exceeded. Visa and MasterCard both offer pre-paid services which you can use online, while Ukash is a commonly accept pre-paid method by online gambling sites.
You will have to use a different method for withdrawals, but by loading the predetermined amount of money you have decided to gamble with you won’t be risking going overboard. For land-based venues, put the predetermined amount in your wallet, and leave the rest of the cash at home. If you think you will need it, put a post it note on your extra cash or card with a reminder of your limit. This may help to bring you back to reality when the realm of gambling takes over.
2. Allocate your betting limit
Depending on whether you have created a money management system for a month, due to being a regular gambler, or just for the day, will overall affect how much you allocate. If you are playing for the day, decide how much you can spend in association to being five times the amount you want to win. If you don’t have much to spend on roulette on a given day, aim for a low win goal such as $20. This means you should allocate $100 for the day to win that much. This will set realistic win-goal expectations.
Many roulette players believe doubling their money will happen, but if you have the expectation of only making a small percentage back you are going to enjoy the game of luck a lot more. For a monthly predetermined limit, work out how much money you have to spend over the course of four weeks on gambling. Factor in living expenses and your salary, plus any leisurely activities you’ve got planned. Work out your monthly spending limit by viewing the money as something you can afford to lose, even if you go in hoping to win. If you end up losing all of your set limit, don’t go dig into your savings or money that you have put away for next weeks rent, just wait until next month to play again.
If you win, however, it is recommended to stop playing when you are ahead and anything left over can be added to next months limit. Additionally, decide the majority of bets you prefer to do, such as outside or inside bets, and allocate how much you want to wager per spin. Don’t alter your wager on a win or loss either.
3. Don’t chase losses
If you are on a losing streak, don’t up your wager to compensate for the all the losses because this could end even worse than the situation you are in. For example, if you have lost $100 due an unlucky run, don’t make a large bet to try and win it back because you could end up losing a whole lot more. Take a break, work out your expenses and if you can afford it continue placing the same wagers as you have been placing.
Additionally, a positive attitude is key to this tip. If you find yourself losing, don’t get aggressive or angry because this can ruin your roulette experience and even other roulette players if you are at a land-based venue. If you have worked out a spending limit and have gone into the game believing that it is money you can afford to lose, then you should avoid getting down when a streak of losses hit. But if you find the game is affecting your mood negatively then quit.
The game of Roulette isn’t going anywhere. You can always come back to your local casino next week or month. Roulette is meant to be fun and if you find that it isn’t anymore you are risking more than your temper when gambling.
4. Know when to walk away from the roulette table
Whether you are up or down when playing roulette, it is imperative that you know when to walk away from the table. As we mentioned above the best advice is to walk away no matter what financial situation if the game isn’t fun anymore. Other times when you should walk away includes when you have made your set win-goal, as you could get greedy and blow it all; when you’ve reached your loss limit, which should be predetermined before you start playing; and most of all if you have gambled your set limit it is time to walk away and we don’t mean to the ATM to withdraw more money. This is the best time to evaluate where you are financially so you don’t end up blowing more money then you can afford.
Do roulette money management systems affect the house advantage?
Unfortunately, money management systems do not affect the house edge for any casino game including roulette as it does not change the player’s odds, rather it only affects how much you can afford to lose. Basically a roulette money management system means you can play for longer, avoid losing more money than you can afford, and encouraged you to walk away when you are ahead, even if you do think you are on a winning streak. The house edge however will stay the same whether or not you have a money management system in place when playing roulette.Sign up and play real money online roulette at sites such as Royal Vegas Casino for the best odds, player bonuses and promotions that are fair and regulated to ensure responsible gambling.