Learn how to manage your bankroll when playing roulette
Roulette can be a very entertaining game. There is a lot of adrenaline that comes with playing it in a live and online casino alike. A good run at the roulette table can also result in some massive wins. However, this game can also be very volatile at times and losses can grow quite quickly.
Because of this volatility, roulette bankroll management is very important if you’re planning to play often. You need to know what kind of money you have at your disposal and how you want to spend it. While you’re always at a disadvantage playing this game, good roulette bankroll management can help you last much longer.
If you haven`t played roulette before, we recommend you read our beginners guide.
Setting up Your Total Bankroll
The very first thing you need to do is come up with your total bankroll. You should look at it in terms of betting units rather than money. If the minimum bet is €1 and you have €1,000, you have 1,000 betting units. If the minimum bet is €5, though, then you only have 200 betting units with the same bankroll.
There are several ways you can look at your bankroll:
- Single session (the amount you’re willing to spend in one visit)
- Periodical (weekly, monthly, etc.)
- Total – the overall amount of money you are willing to spend on roulette
How you’re going to do it is entirely up to you. It depends on your particular situation and the kind of money you can set aside for gambling. However, whatever option you go for, it is essential to stick with it. Once you decide what your bankroll is going to be, if you happen to lose it, you need to stop.
Keep Your Roulette Funds Separate
The best way to stay in control of your roulette bankroll management is by keeping your playing funds separate. You can keep money in cash or on a different bank account. Just try not to mix it in with other money. That way, you’ll always know where you’re at.
This will also save you from having to keep track of every single bet. You’ll need to know the start and the end result and compare them to the bankroll. You’ll always know if you’re up or down and by how much exactly.
Know Your Limits
We’re not talking about loss limits here as these are directly related to your bankroll. Instead, you should know your win limits, i.e. at what point you’re planning to quit. For example, you can make a cutoff point at +50 units, +100 units, etc.
It is crucial to know when to stop. Your luck will undoubtedly run out at some point, and you need to be able to walk away. This will ensure you keep your bankroll healthy for a long time and not lose it all in one session.
So, know when to stop when you’re losing and when to stop when you’re winning. Stick to these rules and your roulette bankroll management strategy will serve you well. Walking away is always hard, whether you’re running hot or are on a losing streak. However, always keep in mind roulette isn’t going anywhere and you can try your luck again whenever you feel like it.