Most roulette players think about how they can increase their chances of winning, but managing their bankrolls can be just as important, or even more important in some cases. Bankroll is the “budget” you use to play roulette, and how you manage it will affect both your long-term win/loss ratio and your game time. Here, we will talk about the basic principles of bankroll management for roulette players.
Basic Principles of Bankroll Management in Roulette
Create a separate budget for gambling
Regardless of its type, remember that gambling will be a negative expectation game in the long run. This simply means that don't play with money you can't afford to lose. To achieve this, you first need to create a budget that you will use only for gambling purposes and keep it separate from all your other budgets (for example, the budget you use to pay your bills).
Only use the money in your gambling budget when playing roulette. Whether you win or lose, never touch the money in your other budgets.
There is no one-size-fits-all rule for determining the amount of money you should put in your gambling budget. In general, it is best to set an amount that you think will not affect you if you lose it. Consider both your overall budget and your gaming habits. When you put aside the money you need for housing, and bills, and to continue your life comfortably, how much do you have left to devote to your hobbies? What size wagers do you usually place when playing roulette? Think carefully about the answers to these questions because this is how you will determine the size of your gambling budget and how you will ensure that your life is not affected even if you lose.
For example, if you bet 10 units in each game, you can deposit 100 units into your casino account every week. If you continue this for a month, you will have a bankroll of 400 units at the end of the month to play roulette.
Another important thing here is not to be greedy. If you win 800 units with your budget of 400 units, for example, do not continue playing thinking that your “luck has changed”. You can use your profit for the next month's gambling budget. Remember, you need to keep your gambling budget separate: whether you win or lose, you should use the money you put here only to try your luck and without forgetting that you may lose.
Use “sessions” to divide your bankroll
Divide your bankroll according to your sit-down, daily, and weekly sessions. A sit-down session should be the money you spend in one “sit down”. There is no specific duration for this: it can last from minutes to hours. In any case, it represents the money you would spend in a one-time session. Daily session means the amount of money you can spend in 24 hours. Likewise, the weekly session shows the money you can spend within 7 days.
For example, let's say you have a bankroll of 100 units. Allocate 15 units for the daily session. This will also allow you to determine how much you can spend on a sit-down. Never exceed session limits.
Setting self-restrictions allows you to play without getting carried away by your emotions, control your losses, and monitor your win/loss ratio in a healthy way. If you win, you can use the payout to continue playing within the session limits. However, if you lose, you will be able to know in advance what your losses will be.
Consider the odds when determining bet amounts
In all variants of roulette, outside bets offer higher chances of winning but pay less (i.e., 2 to 1). Your chances of winning with inside bets are lower but the payouts will be higher (i.e., 35 to 1). Take this into account when deciding which bets to spend your session limits on. Inside bets are more dynamic so it is a better idea to use higher wagers. In this way, you can cover the losses caused by long-losing streaks on outside bets. In other words, you can switch between inside and outside bets according to the course of the game, but in any case, try to place slightly higher wagers for inside bets without exceeding your limits. This will ensure that your bankroll remains more stable in the long run.
In this regard, if you are using roulette strategies to manage your bankroll, remember that none of them provide a guarantee and progressive systems can cause you to go bankrupt in a very short time. Some roulette strategies may actually work and allow you to use your bankroll effectively for a longer period of time, but they are not for everyone, and some are completely useless.
Don't fall into Gambler's Fallacy
Gambler's fallacy is simply believing things that have no scientific fact behind them. Even professional gamblers make this mistake and can make the worst possible bankroll management decisions. These are good examples of gambler's fallacy:
- “Black” came 10 times in a row, so the probability of “Red” increased on the 11th spin.
- I've been losing for so long, now it's time for my luck to return.
- I keep winning, my luck turned, so I will continue to win.
- By keeping track of the hot and cold numbers, I can make a consistent prediction about what the next spin result will be.
All these “beliefs” can have a very negative impact on your bankroll management discipline. Thinking that your luck will increase, you can go beyond your session limits and even include your other budgets in gambling. These are split-second mistakes that can happen to any player and are perhaps the most important thing you need to learn for bankroll management. In roulette, all probabilities are reset with each spin. Even if red comes 100 times in a row, the probability of getting red on the 101st spin is still the same. Whether you lose or win for a long time has no effect on the odds. Remember that your chances of winning/losing will always remain the same: do not compromise your bankroll management due to unfounded beliefs.