Tips on How to Set Losing and Winning Limits when Playing Roulette

Discipline plays a significant role when you want to have a successful and profitable roulette gameplay session. Regardless if you’re already trailblazing with your hot winning streaks, gambling experts suggest that one must know when to quit. This also works in the opposite side of the scale.

Economics experts Douglas M. Walker, Stephen W. Litvin, Russell S. Sobel, and Rene A. St. Pierre postulated in their study entitled “Setting Win Limits: An Alternative Approach to Responsible Gambling,” that in responsible gambling there needs to be a self-imposed “win limits” on each individual gaming sessions. They found out in the study that players who establish both loss and win limits lost less in their bankroll.

In a previous article, we revealed some Tips on How to Better Manage Your Roulette Bankroll. Today, we are going to tackle the methods on how to effectively set losing and winning limits when playing online casino roulette.

Before we proceed to the meat of this article, let us first be clear that money management is definitely not the key to winning any game. Remember that roulette is a game that is extremely dependent on luck and there’s no possible way to influence the outcome of each spin. However, establishing win goals and loss limits can somehow help you keep from losing more than what your wallet can afford or plunging into an unmanageable circumstance.

So how do we do this?

Simple. We set a stop loss and profit target.

Stop Loss – is the total amount of money from your bankroll that you are willing to lose in a game

Profit Target – is the total amount of money from your winnings, minus the capital

By establishing these limits, a player will be able to take control of what’s coming in and what’s coming out from his bankroll. He can also easily calculate how much was lost or gained on a particular game day. Furthermore, this can help reduce a player’s drive to get greedy when things are getting pretty.

Let’s look at this example:

Suppose the player has a bankroll of £1,000. He setup the limits as follows:

Stop Loss – £250

Profit Target – £250

This means that the player is willing to lose £250 in a single game of roulette. He is, at the same time, hopeful to gain £250 as profit from that same game. Hence, when luck is hard to come by and he already reached his lose limit, he should leave the table. In the same way, if he is winning and was able to hit the £250 profit target, then it’s time for him to stand up.

Setting win and lose limits is sometimes called the “Hit and Run” strategy.

Using with Betting Systems

Betting systems work perfectly well with bankroll management. By knowing when to properly raise and lower your bets or how to choose a game appropriate to your bankroll ensures that you’d have an enjoyable roulette gaming experience every time.

We have a handful of roulette betting systems that might be worth your time to check and learn. We personally recommend roulette betting methods that are of positive progressions. Basically, a player increases the stakes when he wins and decreases when he loses. Examples of which are One Half Up, Paroli, and 1-3-2-6, just to name a few.

This is directly opposite to negative progression systems like Martingale, D’Alembert, Labouchere or the Fibonacci.

No matter how high or how low your limits can be, keep in mind that when playing online roulette, the odds are not often the same and sometimes it works for you, oftentimes it won’t. In short, it’s all but a gamble and the circumstances are beyond your control. However, there are things that you can somehow manage and that is your bankroll.

For such reasons, a wise gambler has a rule: to play and have fun within your limit. Take charge of your playing finances and don’t get too impulsive as to change your limit in the middle of a battle because it might end up badly for you.

Always play safe and good luck!

 

How to Rake More Profits With Online Roulette

Roulette is a popular casino game that is extremely dependent on luck. There’s no possible way to alter the outcome of each and every roulette wheel spin, at least legally. Given its precarious nature, why are there still a lot of people drawn into the game? Well, the main reason is that it does generate profit.

There are many ways for a player to leave a roulette game with a considerable amount of profit. If you’re like the rest of the novice players, you might opt to just cross your fingers and hope for a one-time big-time payout which, in our opinion, rarely comes by. Or perhaps you are the kind of player who got the patience to grind with small winnings and accumulate them to come up with a large chunk of payroll.

In this article, we give you the best tips on how you can further maximise your profit each time you leave a roulette game.

  1. Always Opt for the Casino with the Lowest House Edge

Time and time again we remind our dear readers to avoid roulette games with ridiculous house edge rate. There are three major variants of online roulette game: European, American, and French. The first two types (American and European) are the most commonly offered games in numerous online roulette websites. Between these two, the European has the lowest casino edge of 2.26%. Whereas, the American roulette game variant gives the house a whopping 5.26% advantage. It goes without saying then that you should opt for European roulette games. However, a French roulette game can also be a good option. Here’s why.

  1. Bet Low

While it’s true that making low bets may not be the most exciting way to play the game, it is, however, the most sustainable strategy that one could adapt, and the reason for that is quite obvious. Firstly, going for bets lower than your bankroll ensures that you can play roulette for much longer. More spins consequently means that you got more chances of winnings.

  1. Stock Up

We heard of players who were at one time racking up with winnings but then in the next moment, were leaving the table empty-handed. In order to prevent this misfortune from happening to you, learn to stock up and put aside your winnings. Know the difference between the money you intend to lose by playing and the cash you hope to gain. Should luck be hard to come by and you don’t come away with your profit goals, most likely you’d be breaking even.

  1. Choose Positive Progressions

Roulette betting systems are there to help players approach gambling in a more structured and systematic way. Although none of these betting methods can trump down the house advantage, they can however, aid the player to reach his objective of producing a profit.

There are two general categories of betting systems. The first is negative progressions and they work in such a way that the player will increase his bets after every loss. Examples are Martingale, Fibonacci, and D’Alembert. The other type is positive progressions where the player is called to bet more when winning and bet less when losing.

Positive progression bets do not typically generate big profits in just a manner of few spins. Although the grind can test one’s patience, these betting techniques prevent the player from running out of funds rather quickly.

  1. Play with the Head not with the Emotions

The greatest advice here is to never play with your emotions out of control. Playing otherwise will surely get you losing grip on the game.

  1. Play in Online Casinos

Aside from the fact that you’re probably be more comfortable when you are in your own turf, playing in online roulette casinos is a much better way to earn extra cash. Most of the casino websites offer great incentives like welcome bonuses, cash back percentage deals, and top-up promos, just to name a few, to their patrons and new members. And yes, these bonuses are for real and you can use them to play and earn more money while enjoying your favourite game of roulette.