There’s no way to improve the return-to-player odds of a roulette wheel, but a roulette money management system can minimize your losses and improve your chances of profitability in the long run. This guide reveals how to manage your roulette bankroll and give yourself longevity, whether you’re playing with just a few dollars or tens of thousands.
What is Bankroll Management in Roulette?
Before we discuss different roulette bankroll management strategies, let’s first explain what bankroll management is.
Bankroll management is how you manage the money you have for gambling. It helps you determine the total amount of money you will use for gambling, how much you need for each session, and how much to stake on any bet that you make when playing at a roulette casino online.
The primary function of bankroll management is to give you longevity, minimize the risk of losing all your gambling funds, and maximize the chances of making a profit in the long run.
The Best Money Management Roulette Systems
There are two main different money management roulette systems. One takes into account just one session and is suited for occasional gamblers. The other looks further into the future and is better suited for players who like to gamble regularly or semi-regularly.
Why Deciding Your Base Unit is Important
A base unit is how much you will wager on each spin, and it is a critical component of successful money management in roulette. This is because winning and losing often comes in streaks. If your unit is too high, you can quickly deplete your bankroll before you hit your winning streak. As previously mentioned, your betting unit should be between 1-5% of your total bankroll.
How to Use a Small Bankroll Roulette Strategy
Now that top online casinos offer roulette tables with minimum bets as low as $0.10, you don’t need to have deep pockets to partake in roulette. And just because your budget is low, it doesn’t mean you can’t use an effective roulette money management system.
One of the most important considerations for a small bankroll roulette strategy is not overreaching and aiming for high-profit goals. Let’s say you have a budget of $20. Your profit goal should still be around 10-30% of your bankroll, so between $2 and $6.
Your betting unit is calculated in the same way as if you had a large bankroll, so a maximum of 5% of your bankroll would mean a $1 maximum unit number. However, when your budget is low, it is a good idea to play even more carefully and opt for a unit of $0.50, which would be 2.5% of your bankroll.
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How to Handle Winning & Losing Streaks
Gambling has its ups and downs. There will be times when lady luck is on your side and times when she is nowhere to be found. Losing and winning streaks come with specific challenges, and knowing how to handle them is essential to smart money management in roulette.
Setting a Win Limit
Setting a win limit is key to any smart money management roulette system. Without a win limit, it’s easy to get carried away when you are winning and continue to bet, hoping to increase your winnings, only to lose your winnings and your original stake. It’s also an excellent responsible gambling habit as it gives you discipline, helps you control your gambling, and discourages impulsive decisions.
Your goal needs to be achievable. Going in with $100 and expecting to walk out with a couple of thousand isn’t realistic. Your win goal should be around 10-30% of your session bankroll, so with $100, your target should be anywhere between $10-$30. You should cash out and walk away as soon as you hit your goal. Don’t be tempted by the thought of “just one more round”.
Setting a Loss Limit
Gambling is a marathon, not a sprint. Sometimes, you have to admit defeat and come back another day. Setting a loss limit is part of this. By setting a limit, you can reduce the urge to chase your losses, which can lead to making big bets and resulting in bigger losses. Like with a winning goal, it also promotes responsible gambling and helps you be a more disciplined gambler.
Your loss limit shouldn’t be too high or too low, as you need to give yourself time to hit a winning streak. Around 50% of your bankroll is a standard amount for a loss limit. This allows enough leeway to ride out losing streaks and leaves you with a decent wedge toward your next session’s bankroll. Like with winning goals, as soon as you hit your loss limit, you need to get up and leave the table.
Tips for Using a Roulette Money Management Strategy
Here are a few pro tips for effective roulette strategy and money management techniques.
Are Negative & Positive Progressive Systems Useful for Roulette Money Management?
Progressive betting systems are specific strategies used in gambling to manage bets based on the outcome of previous wagers. There are two types of progressive systems (positive and negative), and they typically can only be used on 1:1 bets, so in roulette, that’s red/black, odd/even, and high/low.
In a positive progression system, you usually increase your bet size after a win and decrease it after a loss. Some examples of this are the Oscar’s Grind strategy and the Paroli system.
In negative progressive systems, you increase your bet size after a loss and usually decrease it after a win. One of roulette’s most well-known negative progression systems is the Martingale system, which sees you double your bet after every loss.
None of these systems decreases the house edge, and while some pros favor them, others recommend staying well-clear.
We would advise definitely avoiding the Martingale system, as it requires a big bankroll and is extremely high risk. Sticking to a set betting unit is better in general, but ultimately, some people find success with progressive systems, so it’s up to you to try some out and see if they work for you.
More Useful Roulette Guides on ReadWrite
Our Final Thoughts
Any successful professional gambler will tell you that managing your money well is the key to making a profit. Proper roulette money management is relatively simple but takes planning and discipline to be effective. If you follow the instructions and tips in this guide, you’ll be able to manage your bankroll and give yourself the best chance of making a profit at the roulette table in the long run. When you’re ready to put your knowledge to the test, we recommend playing the range of online roulette games at one of the best offshore casinos, Wild Casino.
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FAQ
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What should my roulette bankroll be?
Your bankroll for roulette depends on a number of factors.Most importantly, your bankroll should only be an amount you can afford to lose. After that, you need to consider your winning goal, the minimum limits on the table you are playing, and even how many sessions you want to play.
What are the benefits of roulette bankroll management?
While bankroll management in roulette doesn’t affect the game’s house edge, it can increase your chances of profit. By effectively managing your money, you can ride out losing streaks and stop betting impulsively.
Which is the best roulette money management strategy?
The best roulette money management strategy for players who regularly play is to use a monthly management strategy. This entails working out your bankroll for the month, dividing it by the number of times you want to play to get your session bankroll and then working out your betting unit, profit goal and loss limit based on this.
Are progressive betting systems an excellent way to manage your roulette bankroll?
On the whole, progressive systems aren’t great for online roulette money management, especially for most players who aren’t playing with vast amounts of cash. They can be risky, and certain systems, such as the Martingale system, need big bankrolls to be effective. However, some less risky ones do work for some players so you can try them out and see if they work for you.
Responsible Gambling
Gambling is a fun way to spend your down time, but there are several risks associated with it, including financial stress and mental health problems linked to gambling addiction. To find out more about responsible gambling and tackling gambling problems, visit our guide or try one of the sites below.
Resources
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