Betting Strategies Of The Roulette Table

Winning at the Roulette Table takes as much strategy as it does luck. Developing an effective strategy minimizes the odds of loosing and helps increase the chance of winning at the roulette table.

Even the great Albert Einstein was once heard to remark, "You cannot beat a roulette table unless you steal money from it." Yet, everyday numerous people attempt to use one strategy or another in an effort to "beat" the roulette odds. Some get lucky, some break even, and some loose it all.

One common method a player uses at the roulette table is based on the probability of payout. Roulette payout probability is determined by the risk versus the payout of each type of bet. Buy placing a bet on the roulette table of all odd numbers, all even numbers, all red, or even all black, the risk is reduced to 1 to 1 and payout is almost guaranteed. However, the amount of payout for this roulette strategy is minimal.

Using roulette probability means the greater the risk, the greater the payout. For example, by placing a bet on any roulette column increases the odds of winning a payout to 2 to 1; whereas, placing a bet on any single roulette number increases the odds of winning to 35 to 1.

Another strategy of roulette is the Martingale betting strategy, originally made popular in 18th century France. The basic concept of this roulette strategy is that for each loosing bet a player makes, the next bet is doubled. By doubling the bet, the player would make back all previous losses plus the winning bet.

The Martingale betting strategy for has two fundamental flaws when it comes to modern day roulette. First is the chance of huge financial loss at the roulette table as funds will become more restricted with consecutive losses. The odds of running out of money playing this roulette strategy are greater than the odds of winning. Second, the casino limitations of maximum bets on roulette table prevent effective use. With the maximum bet restriction in place at the roulette table, consecutive losses would result in capping the betting amount causing the strategy to fail.

A second strategy that may be employed in roulette is by following the Fibonacci sequence of numbers, otherwise called the golden ratio. In this gambling strategy, it is believed the next roulette number will be the sum of the two previous numbers. In order to make the formula work, the sequence must be modified or started over when reaching the maximum number on the roulette wheel.

There are multiple variations of this sequencing for determining roulette numbers. Other variations of the formula only add the third rolled on the roulette wheel, while another variation adds the next four numbers instead of two. Essentially, applying this sequencing formula to the roulette table can be done in virtually any combination of rolls.

It should be remembered, regardless of the strategy used; statistically the casino maintains the house advantage. In the end, it is very difficult to overcome this house advantage at the roulette table. Those that have overcome the house's roulette advantage have indicated it was more luck than strategy.