Roulette is a game that has migrated from Europe to almost all corners of the world. It is one of the simplest games imaginable because it involves only the use of the official wheel and ball, the “layout” and the players. When the game is played in a live casino, there are some very formal rules. For example, you cannot sit in one of the chairs unless you are making a bet, and the wheel is spun by a “croupier” who keeps track of the bets and gives each player their own special chips.
When you play the game online, it is still following the same basic rules, but there is no need to worry about the croupier and the handling of any chips. Instead, you will place your bets, use whatever strategy you have selected, and hope for the best luck!
In this discussion about roulette, we are going to look at some of the most popular of these theories or strategies used by its millions of online players. We do not recommend or even suggest that you use them. We are simply outlining the concepts that many gamblers and online casino enthusiasts apply to their gaming.
If one game could be said to truly symbolize the term “game of chance” it would be roulette. This is because it is impossible to predict the outcome of any spin, and this means that your bets are really just guesses that you hope come true.
So, you might ask, this means that there are no strategies in the game? This is not the case at all. Firstly, the actual layout of the roulette table shows that you can implement a sort of “bank roll management” strategy by selecting the bets that are more likely to win.
This means you have to first understand that the layout offers “inside bets” and “outside bets.” The inside bets are the ones with the highest returns, but are also the bets with the least likelihood for occurring.
For instance, a single number bet such as the black four is not going to provide you with as many ways to win as the outside bet known as the 1 to 18. This second wager would allow you to bet on all 18 numbers at one time, but would usually payout a “one to one” ratio. Thus, a single dollar might earn you a single dollar in return. If that single number bet had won, however, your winnings would be a 35 to 1 payout. Clearly, you can understand the appeal of making a riskier bet like this, but you can also see the hazards to your bankroll.
This is the reason that another popular bankroll management strategy appeared, and it is called the “Martingale” strategy. This asks the player to double the bet after every loss. While this might seem a bit lop-sided in terms of bankroll management, you have to understand that it seeks to recoup the lost funds by placing a wager equal to the loss.
Thus, if you won after doubling you would not just break even, but would recover your losses and take a profit. The problem with this approach is that it could allow you to eliminate the entire bankroll if you hit a particularly hard “losing streak.”
Clearly, the strategies in roulette are going to take the bankroll into consideration and will also look for ways to reduce the house edge at the same time.