One of the most important aspects of online roulette is adopting an effective bankroll management strategy. It doesn’t matter how much luck you have on your side if you begin to wager too much of your available funds, which quickly increases your chance of losing it all.
By using an effective strategy, you can ride out the variance that is present in any form of wagering. While this is especially important for roulette, it can easily be applied to any game.
A bankroll is the set of money that you have put aside for betting on any game, and it should be completely separated from other assets. It should also be designed in a way to hold up against streaks of bad luck.
The key to managing your bankroll when playing live dealer roulette is betting just a small amount of it at any one time. This strategy allows you to hit bad luck streaks and still keep a portion of the bankroll.
If your bankroll is at $500, you might divide it to only wager $5 each time on roulette. When using these amounts, where you would have a 1.5% chance of losing six 50:50 wagers in a row, you would still have enough in the bankroll to cover those losses and continue playing.
Deciding on Limits
Each person will have to make their own decision about limits, but it largely depends on how much is in your bankroll and what that means to you. As with many forms of wagering, if you are comfortable with a $250 bankroll, you might bet up to $25 a time. This means that there is a higher risk, but it also comes with the potential to bring back much higher winnings.
If you were approaching that $250 bankroll in a much more cautious way, you might only bet 5% of the total at a time, and it could be even less. This strategy would decrease the chances of you having to re-deposit, but it also means you will have to work harder and longer to get those big winnings.
Deciding on how much money to put in the bankroll depends on each player, but everyone should adopt an effective bankroll management strategy to get the most out of it. If you pair the bankroll management strategy with a game-playing strategy, then you will be on your way to having a better chance of making a profit on review roulette.