Bankroll Management in Roulette

As is the case in almost any online casino or land based casino game, bankroll management is a major key to success. How you begin, what mindset you have, and what you expect to win or lose, are all-important variables. Basically, for each session of roulette you play, you should define a bankroll, a win limit, and a loss limit (which is often the same as your bankroll).

But what do these terms really mean, and how do we employ them? Logic becomes our friend at this point, it helps us keep our cash when we win, and lose less when we lose. Roulette like online keno for the most part is a game of luck; making money becomes a process of taking advantage of win streaks. Win limits and loss limits allow us to have pre-decided limits on our own play.

Loss limits are a familiar concept to many players, and as many of us know, they can be difficult to obey. The idea is that we know ahead of time the most we could afford to lose, and make a pact with ourselves to not spend any more than that, if luck is not with us. There’s nothing mysterious about this concept, but when people lose, they tend to chase their losses. Chances are you’ll chase your losses if you haven’t been paying attention to your bankroll very much. Just know how much you’ve spent, how much you can afford to spend, and don’t increase your bet to try and make back what you’ve lost.

Win limits are the opposite of loss limits, though not as intuitive. Loss limits have a solid number associated with them, how much can you afford to lose. The same question doesn’t apply the other way around; how much can you afford to win? Because of this most people scoff at the idea of setting a win limit, but don’t be so quick to discard the concept. Anyone who has gambled a significant amount can offer you tale after tale of the times they’ve been up hundreds or thousands, only to give it all back before the end of the session.

This probably happens more times than not, simply because people don’t know to walk away while they’re up. Well, obviously it’s not because people don’t know to, but because they choose not to. There is a lot of incentive to keep gambling even though you’ve made loads of money, primarily, the opportunity to make loads more and collect comps which is very easy to do at the Blackjack table. But being the smart player that you are, you realize that you’ve bucked the odds to make all of that cash, and so moving forwards all you’re doing is putting your winnings at risk.

A win streak is hard to interrupt, and is very rarely walked away from. We’re not saying that you should cut every win streak short, but if you’re up a good bit of money and the win streak ends, you should walk away before it truly comes crashing down. A good rule of thumb is to take a percentage of your bankroll and set it as your win limit. If you make, say, 50% of your bankroll in winnings, you’re doing very well and should probably walk away. If your bankroll is small however, you may hit that percentage early in your session and not want to leave. Gambling experts agree that winning 30% of your bankroll is exceptionally good, and you should walk away at that point. Many of us realize that 30% of our bankroll is only two or three bets worth, so feel the logic doesn’t apply. This is a bit true, but it’s likely that you are playing with too small a bankroll if winning 30% of it wouldn’t make you feel successful for a session.