Without a doubt, roulette is one of the most popular and iconic casino games out there. This is no less true for the online casino gaming space than it is in physical casinos. As players have increasingly moved online, roulette has maintained its reputation as one of the most popular games.
Much of this is down to the simple appeal of the game – it’s simple to place your bet, watch the wheel spin, and hope that it lands on the colour or number you wagered on. However, although this simplicity means that the game is a lot of fun to play, it also means that roulette is one of the trickiest games in which to watch your finances. Rounds of roulette move very quickly, and before you know it, you might have spent more time than expected at the table. From a profitability and longevity perspective, this is not ideal. The key to winning, and winning in a consistent manner, is making sure that you have a bankroll that can keep you in the game. This is easier said than done, however. With that said, if you would like to learn about the importance of money management in a game of roulette, and some advice on how to incorporate these strategies into your game, then keep reading!
Managing your money or “bankroll” is essentially just keeping an eye on your expenditure and ensuring that you have enough left in your “pot” to continue playing with. Bankroll management is an essential aspect of any casino gaming strategy, no matter what the game, as you can only play with money you actually have! There are many variations of bankroll management strategies, but they all have the same essential component: keeping an eye on how much you have left to play with, and not letting it get completely depleted. Some players will plan this on a monthly basis by giving themselves a “budget”, while others prefer to do it on a session-by-session basis. No matter what method you choose, the essential part is that you put some kind of strategy in place!
Given that roulette is a game of pure chance – meaning that you have no real control over the odds in any given round of play – money management is challenging. Sometimes, the odds can just simply play against you. In such circumstances, you have to be vigilant and not let your pot get too depleted.
Another aspect of roulette that makes money management challenging is how quickly the rounds play out. There is generally very little downtime between rounds, and dealers tend to move on to the next round quite quickly. In the context of online roulette, where the wheel can be reset in an instant, this is even truer. As such, you need to ensure that you don’t get caught up and that you skip out a round if necessary. This will ensure that your bankroll doesn’t get depleted too quickly.
Although it might sound obvious, knowing your limits is central to any money management strategy. This means that you need to have a good idea of how many losses in a row your finances can tolerate before you need to call it quits. This will differ from person to person and should be based on how much risk you can or prefer to tolerate.
An easy, low-maintenance way of putting in place a money management strategy is to simply keep the rest of your funds separate. This might involve, for example, putting a certain amount of money in your account each month and only playing with that money. Once it’s depleted, you stop! Keeping your gaming funds separate means that you don’t even have to think about it affecting the rest of your finances.
When the odds turn against you and your luck begins to slip, it can be an incredibly frustrating experience. In such circumstances, however, there is a risk that you begin to play with your emotions rather than with your logic and intellect. This is a sure-fire way to eat into your bankroll and is not conducive to long-term play – or success! If you feel yourself beginning to get frustrated or to lose control of your emotions, this is a good sign that it’s time to take a break! This will protect your funds and keep you playing for longer in the long run.
Without question, the single best piece of advice you can get when it comes to properly managing your money is knowing when to stop. This is true of both online and land-based casinos and applies equally well if you are winning or losing! If you can’t control your impulses and stop playing when you need to, this is a sure-fire way of quickly depleting your bankroll. With this in mind, you need to have in your mind a point at which you need to stop, and the willpower to actually stop when you hit it. This is easier said than done, however, and is a skill that takes many sessions to perfect. Stopping becomes particularly difficult when you are in the middle of a winning streak or, conversely, when you are in the middle of a losing one and are looking to recoup your losses.
If the above article has convinced you that you need a proper money management system in place when it comes to playing roulette, then there is no better way to test this out than to set up an account and get playing today! Bitcasino is the perfect place to do this, as the free-to-play demo account allows you to try out new strategies without any risk to your bankroll.
Words: Sean McNulty
Images: Shutterstock & Bitcasino