January 26, 2005.
Learn How To Manage Your Roulette Bets For Higher Profits.
Many players seek to increase their chances of winning at roulette tables by using roulette systems, but there are two reasons why they don't work.Roulette Is Random Game Of Chance
The house always has an advantage because roulette is a game of chance. Roulette systems will not be able to achieve anything over the longer term that can cancel it out. The casinos are smart and even put rules in place to prevent you getting an edge. Let's look at an example:
The House Advantage
Money management and roulette systems cannot affect the house advantage on any bet, nor guarantee that you will win more money. The house has an advantage before you apply a system and has that same advantage after you apply it. The house edge does not change. The house always has an advantage; you cannot change it, or manage it.
Roulette Money Management
The Martingale system is a money management system, (and is the most popular in online roulette), in which the dollar values of bets continually increase after losses, until you win.
The Martingale system is a simple system and looks in many ways very logical. It is based on the probability that losing an infinite number of times in a row is not possible.
Usually applied to 'even money' bets, it says that you should double up after each losing bet until you win. However, casinos are wise to this and impose table limits that are described below. That aside, let's look first at how the Martingale system works, and its flaws.
Let's use even-money bets. Now let's look at an example of the Martingale system in operation with a $5 bet and $500 table limit.
You bet $10.
You bet $20.
You bet $40.
You bet $80.
You bet $160.
You bet $320.
You bet $640.
Sorry you have exceeded your table limit game over!
The Flaws and Drawbacks of the Martingale System are Obvious: Each Spin Is Random Event. The martingale system works on the premise that you must win eventually, and this is correct, (assuming an infinite number of events!), but a losing or winning streak cannot be determined in advance.
If you had a large bankroll and could carry on forever you would of course probably win at some point, but casinos are wise to this and take action.
Table Limits
All casinos have minimum and maximum table limit to prevent ongoing doubled up consecutive bets. In the above example it was min $10 max $500, which allows only six bets of this kind, and six or more losses in succession are not uncommon.
Once the table limit is hit, the use of the Martingale system is over and your money is lost. Casinos are not stupid, they play with the odds in their favour and table limits ensure this. The fact is that with table limits and the system's reliance on luck, the Martingale system is not really a viable money management system at all.
What Can Be Done To Cut The House Edge and Make Profits?
Roulette systems for money management are common and none of them work. However, you can take simple steps to ensure your money lasts longer and that give you greater chance of winning. These include placing bets with low odds, (betting red or black means you will win for example 45% of the time), and there are bets with even greater odds of success. You also need to play the right wheel with the right rules.
Learn more about winning gambling systems including Martingale system here. The original articles can be found here.
Check out also roulette terms to learn more about all types of roulette bets and its payouts.
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