Let be one step closer to roulette and know more about: bankroll, who are dealers and pit bosses, how cashing out winnings and how to avoid common missconceptions and much more.
How To Manage Your Bankroll
Always be aware of how much you have won or lost. Avoid betting strategies such as the Martingale, where you rapidly increase bet size after losses. They may quickly win back losses, or you may quickly lose your entire bankroll. Systems such as the Martingale and Labouchere are gambling in every sense of the word, and are a good way to ensure losing everything. They will only be profitable with simple luck.
Dealers and Pit Bosses
The dealers are also known as croupiers, and they spin the wheel. But it is not uncommon for the wheel to spun automatically by a robot. The pit boss is the supervisor that overseas operations of usually 2 to 4 wheels. It is their responsibility to ensure procedures are followed. They also have a direct link to the casino surveillance staff, who may instruct the pit boss to take particular action, or keep an eye on specific players.
Contrary to what you may think, most dealers and pit bosses want players to win. It is not their money at risk, they hate to see people lose a lot of money. If you are winning discretely, most casino staff are happy to let you continue to do so, provided you don’t make them look incompetent. We know this because many of our team members are ex-casino staff. However, of course every individual is different, and there are always staff members that do their job properly.
Cashing out winnings
If you have chosen coloured chips, you will need to have them converted to the standard denomination casino chips, which are assigned a dollar value. Once this is done, you may leave the table and approached the cash out register. If your winnings are above a particular threshold, photo identification must be shown, and in some cases payouts must be via written check only, and not cash. If you are playing professionally, it is absolutely critical to avoid detection, and you will need to carefully cash in amounts that avoid the threshold. There are many tips and tricks to avoiding detection from casino staff, but this is one of the obvious ones.
The procedures and rules for playing roulette are the same wherever you go in the world. The exceptions are if you play rapid roulette, or on automated roulette wheels. These usually have automated systems that collect your money. They also offer print out receipts for you to cash out at the cashier.
Avoiding Common Misconceptions
One of the most common mistakes a roulette player will make is to increase bets after losses, without any consideration to predicting the winning number. It should be obvious that roulette is all about the winning number. And the idea is to bet on the winning number. But almost every roulette system does not even consider why the ball lands where it does. It sounds ridiculous but it’s true.
For example, a simple system may be to bet on red but increase your bet size after a loss. The theory is that increasing the bet size will allow you to win back any losses. But the reality is you are simply increasing the amount you wager on the next spin. Each spin has no correlation to the following spin, at least not in the way that such a betting system assumes.
Another example is consider 10 reds spinning in a row. One roulette player says “red is on a streak, I must bet red”. Another player says “black is due to spin next, so I’ll bet black”. So who is right? Neither of them. This is because the odds of red or black spinning are still 50/50 (neglecting the existence of zero for now). It’s amazing how every player at the table things either one way or the other when there is a long streak of a particular colour. Meanwhile the casino owner is sitting back rubbing their hands, grateful that the players have no idea that the illusion of streaks or due events is all in the player’s head.
What is the best roulette bet?
The best bet is wherever the ball lands. Duh, right? But let me explain more. Firstly, you can’t know exactly what number will win on every spin. But on most wheels, it is at least possible to predict which area the ball will bounce to, and you can have at least better than random accuracy. You need to understand the house edge with roulette is only small, and you only need to have slight accuracy of predictions to put the edge in your favor. You’d think it would be impossible to predict where the ball bounces, and you’d think the dealer’s spin speeds would control it all. But take your time to read this website and understand the principles that make roulette a much more predictable game than you may think.
How Important are the Odds?
The odds only tell you how often you can expect to win if the accuracy of your bet selection is no better than random. If you apply advantage play methods that use physics to predict the winning number, then the odds change, although generally the player edge becomes the focus. The odds of winning do not tell you how profitable bets are, because the house edge is the same for all bets.
The House Edge
Any roulette strategy must consider the house edge. The house edge is the normal edge the casino has over players. On the European wheel, it is -2.7% and on the American wheel, it is -5.26%. So the advantage the casino has over players is much greater with the American wheel. However, in either case it’s still only a minor advantage the casino has. But unless the accuracy of the player’s predictions is better than random, this small edge is enough for the casino to reliably profit over the long term. It is inevitable that some players will win in the short-term, but the casino thinks in terms of tens of thousands of spins and thousands of players, not individual players. The only time casinos consider individual players is if they appear to be using a professional roulette system.
Simply put, the house edge means “unfair payouts”. An example is if started with a bankroll 37 units, and bet on 0 for 37 spins. Statistically you will win 1 in 37 spins because there are 37 pockets (on the European wheel). But the payout is only 35 to 1. So if you win, you are paid 35 chips PLUS your original bet. So after around 37 spins, you are left with 36 units (loss of 1 unit). If the house edge didn’t exist, payouts would be fair and you would be left with 37 units (no profit and no loss).
The only way to overcome the “unfair payouts” (house edge) is to increase the accuracy of your predictions. This is done with advantage play techniques that use roulette wheel physics.
Called or announced bets are bets that are made by speaking them, without actually placing the bets. These type of bets are not permitted in all jurisdictions, mostly because it creates opportunities for cheating players to place bets without having any money.
These are typically used by professional roulette strategy players to bet on particular physical sectors of the roulette wheel. For example, a neighbour bet on zero for the European roulette wheel will typically cover numbers 3,26,0,32,15. This is because sector based bets are used in advantage play methods. In particularly the European casinos, a neighbour bet must be given to the dealer, who then announces the bet to the pit boss. From a professional player’s perspective, it is not wise to do this too often as it attracts attention. Neighbour bets are placed on a circular representation of the wheel situated on the betting table, called the race track.