The problem with roulette is that it has always been a game of pure chance. The house or casino always holds an advantage. For example, if a player bets on a single number in the American game, the probability of winning 35 times the bet is a 1 in 38 chance, while there is a 37 in 38 chance that the player will lose the bet. The house edge is the amount the player loses relative to any bet made, on average. The house edge when a player bets on a single number in the American game is 5.26% and 2.70% in the European game.
The existence of this house advantage or edge makes it very likely that the player will lose money. The idea of adopting a roulette betting strategy is to ensure that in the long run, you will make a profit, or at the very least neutralize your losses. Over the years there have been many betting strategies that players have used with some success, and this article is intended to give you a brief overview of these strategies, so that you can make an informed decision the next time you bet on a roulette wheel.
Martingale Betting Strategy
Most people believe that it is impossible to win consistently at roulette, despite this; the many even bets made have inspired players to try to beat the odds by using different versions of the Martingale betting strategy. The basic idea of this strategy is to double the bet you make every time you hit a loss, in this manner whenever there is a win, any losses made earlier are recovered along with a profit amount equalling the initial bet. This strategy is generally thought to be impractical, since studies show a long term result of a huge financial loss.
There is also another strategy where the player’s wagers are planned based on the Fibonacci series where the first two terms are 1 and 1 and the subsequent numbers are the sum of the preceding two numbers of the series for example 1,1,2 (1+1), 3 (2+1), 5 (3+2) and so on. However it has been proven statistically that strategies based on a specific progression cannot overcome the casino’s advantage.
24/7 Strategy: There is approximately a 61% chance of winning in this method. The essential idea of this method is to split the roulette session total amount into 35 sections, and this amount is wagered on a certain numeral for a total of 35 spins, and should this number win at any one time, the player will win back his original amount.
Labouchere Roulette System
Like the Martingale system, this system is also a sequence betting format. It works by utilizing a succession of numbers to decide the wager amount after a player wins or loses. The player then sums the total value of the numbers in the front section of the line to evaluate the amount of the succeeding wager. If there is a win, the player strikes off the outer numbers and goes on to the lesser line of numbers. If there is a loss, the player then adds the last wager to the final section of the line and moves along a bigger line. Although not as dramatic as the Martingale system, this Labouchere roulette strategy allows players to manage the line as he or she pleases.
D’Alembert Roulette Betting System
This system is a sort of hierarchy or pyramid format and it is designed based on an equilibrium theory formulated by the French mathematician D’Alembert. The system is used on the even bets made on the outside and helps the player keep wagers to a minimum.
At every loss, the player adds a unit to the succeeding wager. After every win, the player reduces a unit from the succeeding wager. The beauty of this system is that when the total of wins is the same as the total of losses, the player would have earned a total of the winning games played.
Utilizing the Dozen Bet: The single dozen bet and the double dozen bet are two variations of this system. The single double system means the player will utilize an increasing wager list which starts at the table minimum up going on to the highest limit. The goal is to utilize a dozen bet to earn a win before your list ends. There are many methods used to achieve this end.
Roulette Column Strategy
This strategy uses a simple method of execution and is based on the layout of the roulette table. Basically, if you place a wager of 2 on the first column and another similar wager on the third column, you would have covered almost all the red numerals, a final wager of 2 on the black numbers covers the occurrence of a black. This system takes care of all the roulette numbers with the exception of four reds and the 0 and 00. This strategy lets you break even in the long run. These are the most common strategies used to ensure that players minimize their losses and maximize their wins.