Bankroll management is synonymous with gambling. Your bankroll for gambling is more than just money; it’s your ammunition and what you need to survive. As far as roulette goes, bankroll management is essential and specific to each player to prolong their playing time as each one of them have varying tendency to take risks.
Some players who play roulette look at it as an opportunity to win big. These players often don’t mind losing all their bankroll in the end, but then regret not having money to play roulette the next session. There are others who want to safeguard their bankrolls and prefer to rake in small wins and limit their losses. Of course, there are also roulette players who make up the numbers between these two extremes.
Risk taking players are encouraged to aim for bets with a payout of 5 to 1 or more such as the six number bet that pays 5 to 1, the single number bet that pays 35 to 1, the split bet that pays 17 to 1 and the street bet that pays 11 to 1. However, the probability of hitting it with a single bet is very low; hence why it is best not to employ this strategy when you have a limited bankroll. Play six number bets instead.
Track Your Progress and Try and Limit Your Losses
The player must not forget to keep tracking his chip balance all the time. It is time to switch to a higher payout bet when your bankroll has dropped by 25% or when you haven’t managed to achieve your target win at the expected time. If you are on the right track, you should continue placing six number bets. Everything is a matter of give and take and doing what makes the most sense. You may lose some of your bankroll during the game, but hit it big in the end to end the session with a nice profit. Following strict bankroll management in roulette will help to make sure you always have money to play.
Start Out with Even Money Bets
Another tip is choosing even money bets as a starting point. The chance of winning is higher when betting on red/black, 1-18, 19-36 (the first or last 18 numbers) to keep your roulette bankroll in good shape. Lady luck may smile on you and you may win more than you lose. When this happens, the player may decide to place riskier bets with his winnings. If you lose a risky bet, you should immediately switch back to placing even money bets that are safer for your bankroll.
For those who are risk-averse, the player may choose to split their bankroll into two parts with 25% being allocated to the riskier bets. This strategy has worked for a lot of roulette players, as it will reduce your chances of losing everything in a short time. Small bets can be placed bit by bit on street, split or single number bets which are known to be riskier bets, but if you win the payoff is huge! Large bets are for even money bets that pay off 1 to 1 because they have the best odds of winning.
Use the “En Prison” rule in Roulette games that offer it, because it gives you a chance to get your bet back on losing even money bets when the ball lands on zero. The initial bet is imprisoned for the next spin, and if it wins, you’ll get the bet back.
Don’t Play with your Entire Bankroll on the Table
The key to roulette bankroll management is to have a good idea of how much money you’ll play with per gaming session. Sitting down with 10% of your total bankroll is a good number. This is your loss limit, and if you lose that money during any one roulette playing session, you will stop playing. This will help you to limit your losses and put you in a position to generate nice sized wins. For example, if you have a $1000 bankroll, you would bring $100 to the roulette table to play with, which should provide a good amount of entertainment if you were making $5 bets, and hopefully make some money to boost your bankroll in the process.
All in all, when playing the game of Roulette, it is important to reserve some funds to cover the original bankroll even if you may be doing well in the game. Remember that time and bankroll cannot be replaced once lost, so plan wisely before you play. Most importantly, don’t gamble with money that you cannot afford to lose.