Roulette Bankroll Management
Roulette is one of casino games where players have no influence on what happens at the table. This is probably one of the most common things you read or hear about Roulette and it can strike you as intimidating. Whether you play an RNG-operated or live dealer version of the game, you can never be 100% sure where the ball will land. On the other hand, Roulette is a fun game to play as you can easily learn its rules and win some money.
However, there are still moves you can make to gain leverage over the house. We have already discussed the best and worst Roulette bets and now we want to talk about bankroll or money management. It is as important as choosing the right betting option, so stay with us to learn more about the art of Roulette bankroll management and how it can help you make the most of the game.
What Is Bankroll and How to Establish It
No one likes losing and leaving a Roulette table at a brick-and-mortar or online casino empty-handed is not an option. Actually, it happens all the time but the good news that you can prevent a complete disaster if you act rationally. Bankroll management is what you should keep in mind whenever you play Roulette, no matter whether you are on a winning or a losing streak. It is a basis for a successful Roulette playing session.
The first step to adequate money management at a Roulette table is to establish your bankroll. A bankroll refers to the money you have deposited to the casino to use on the game of Roulette. You should determine its size on a monthly basis for instance. That would be the money you will wager over the month. The most important thing when establishing your bankroll is that it is the money you can afford to gamble. You cannot afford the risk of losing the money you need to pay your bills or groceries, to put it simply.
Once you have established your bankroll, you should decide how much you can use for a playing session. Let’s say you have set aside $100 you can afford to risk within a month. If you want to play Roulette four times a month, you should not use more than $25 per playing session. Furthermore, you should set the amount of your base bet and the loss and win limit. As for the base bet, it should be up to 5% of your session bankroll.
Set Your Win and Loss Limits
When it comes to Roulette bankroll management, it is all about discipline. Sticking to your bankroll is of the utmost importance. Apart from establishing your bankroll, another crucial step is to determine a loss and win limit you will stick to. They will keep you disciplined when on a losing or a winning streak.
If you happen to be on a losing streak, you should stop playing once you reach half of your session bankroll. That would prevent you from making non-rational moves and lose all your money. Some players quit the table when they lose their first three or four bets in a row.
As for a winning streak, which can be even more tempting, you also must know when you should call it quits. You must not be greedy and take risks to win more if you have reached your win limit. It can be 10% or 20% of your session bankroll. Although it may not seem as a satisfying amount especially when your bankroll is not large, you should not try to win more. It is satisfying enough that you have win something out of fun after all. After the month ends and you have win some money, you should always withdraw half of your net winnings. Use another half to build your monthly bankroll and set your limits accordingly.
Few More Things to Remember
No matter how Roulette rules may be simple, you should know everything about the game you play. Odds, betting options, payouts, the time within which you have to place your bet – all these things make up the gameplay and can affect your performance. We will repeat once again that American Roulette has a higher house edge than the European or French versions of the game, so you should avoid playing it.
Another thing you should avoid are progressive betting systems. They are based on adjusting your bet according to your performance. When using a positive progression betting system, you should increase your bet every time you win. The opposite applies to negative progression betting systems. While these systems can help you cover your losses, they won’t reduce the house edge and can make you exceed the limits you have set.
We believe we have provided you with all details you should know about proper Roulette bankroll management. While it cannot help you beat the game of Roulette as it is all about luck, money management can help you minimise your losses and enjoy it to the fullest, without feeling guilty about the money you have spent at a Roulette table. Visit some of the best Roulette casinos and start practicing bankroll management!
