Many people share the common misconception that one cannot generate substantial profits playing roulette because the game relies heavily on chance. The fact of the matter is such assumptions are far from the truth. A good amount of discipline is required if you wish to turn a profit. There are several aspects of exercising discipline while at the roulette table, namely adequate bankroll management, planning in advance, and adhering to your win goals and loss limits.
Of course, there is no guarantee you will win a life-changing amount of money at the roulette table even if you are exceptionally disciplined. However, discipline can substantially increase your chances of turning a profit and help you reduce your losses to the minimum.
Why Do Players Need Discipline?
Being disciplined is among the key traits of any successful roulette player. It is precisely discipline that enables gamblers to manage their funds when they take a seat at the table. With roulette, it is common to go on streaks of either losing or winning. While there is no telling when a streak is going to end, it is crucial to remember that it will not go on forever.
It is not uncommon for roulette players to experience several losing bets in a row. In such cases, those who lack discipline tend to get emotional which clouds their better judgement. It is typical for such players to recklessly increase their stakes in hopes of winning back what they have already lost with a single lucky bet. Often, they end up leaving the table with empty pockets.
Discipline has to do with self-control and knowing when to quit the game, regardless of whether you are on a hot run or have entered a lengthy losing streak. Roulette novices, who lack self-control, usually get beyond exhilarated when they turn a substantial profit after a winning streak. This causes them to become greedy and remain at the table until they end up giving back what they have already won. The result is again the same – they quit the game empty-handed.
From this, it follows discipline allows players to be rational while at the table and prevents them from making rash decisions and chasing their losses. Thus, discipline enables players to minimise their losses and generate a greater profit at the end of their betting session.
Discipline and Money Management
Discipline and proper money management go hand in hand. Gamblers are expected to decide on the size of their bankroll and determine a base betting unit prior to joining the roulette table. It is up to players to decide how big their bankroll will be. Yet, it is recommended to set aside a specific sum of money you are comfortable with spending per month. This sum is then divided by the number of betting sessions per month. So, if you are comfortable with spending £400 on playing roulette each month and are planning four betting sessions, your bankroll for each will be £100.
It is of crucial importance to keep the funds you have allocated for playing roulette separate from the money you use for bills, rent, food and so on. Discipline roulette players never attempt to play above the allowances of their allocated bankroll.
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Deciding what your base betting unit will be is also crucial. It depends on the size of your overall bankroll. Experienced roulette players recommend that the size of the betting unit should range between 2% and 5% of the overall sum you have set aside for the betting session. A disciplined player will stick to their initial base betting unit and will never raise their stakes in foolish attempts to recoup the losses they have sustained on a bad run.
In addition, experienced players join the game with a predetermined betting system in mind. While betting systems by no means reduce the house edge or affect the outcome of the spins, sticking to one aids players’ money management, enables them to take advantage of winning streaks, helps them reduce their losses and generate consistent profits. In comparison, those who lack self-control are tempted to deviate from their betting strategy because they have a “hunch” a given bet will help them win big. Unfortunately, more often than not, they are wrong.
Discipline when Winning
As was mentioned previously, discipline is required not only when you experience a bad run, but when you are on a winning streak as well. Being disciplined on lucky days will help you maximise your winning streak. At the same time, it will protect you against the possibility of giving back what you have already won.
All disciplined roulette players set win goals for themselves because knowing when to stop, even when you are winning, is beyond important. Seasoned roulette players recommend that one’s win goal should be around 10% of the overall bankroll for the betting session. Thus, if you join the game with £200, you have to be prepared to leave as soon as you have accumulated a net profit of £20. That would be a realistic figure. Besides, learning to accept small returns is part of being disciplined. As you gain experience and proficiency, you can raise your win goal to 20%, 25% or even 30% of your starting bankroll for the session.
After you have achieved your pre-determined goal, you are expected to divide your winnings in half. Set aside half of the winnings as a guarantee and continue playing with the excess or the remaining half. By cutting the sum in half, you are guaranteed to turn a profit for this betting session. This will also prevent you from giving back everything you have won for far.
Some experienced roulette players recommend to apply the “Up and Pull” approach when you reach your win goal. This is how it works. Imagine you have won £8 with a given bet. You pull back the profit of £8 and reduce the size of your next bet to £5. You win on the next spin, so you increase your next bet to £7 and pull back a profit of £3. Then, you bet another £7 and win again. You increase your next bet to £10 and pull back a profit of £4.
Of course, this was just an example but applying this strategy will help you improve your winning streak. You are increasing the stakes, but you always pull back some of your winnings. This will allow you turn a profit for this betting cycle even if you lose on the next spin.
Discipline when Losing
Quitting the game when you are winning is often easier. Many players tend to lose control whenever they experience a lengthy losing streak. The consequences can be devastating as often such players part with their entire bankrolls without generating any profits whatsoever.
That is why setting up a loss limit is equally important as determining a win goal. In other words, once you have lost a certain amount of money, you are required to stop playing. There is the option to set smaller loss limits of 20%, 30%, or 40% of your starting bankroll for the betting session, but your losses should by no means exceed 50% of the initial sum you have joined the game with.
Also, it is advisable to end a betting session if you experience consecutive losses on the first four or five spins. More risk-averse players typically depart from the table after the first three losing spins. The toughest part of playing roulette is learning how to leave when you are losing.
Yet, it is important to quit at a given point because there is no guarantee your luck will turn if you continue playing. That is why you should leave as soon as you have reached your loss limit. This will prevent you from depleting your entire bankroll.
On that note, it is also important to mention that you should never play down to the last couple of chips you are left with. Stick to the loss limit you have set for yourself and quit the game as soon as you reach it. There is no guarantee you will enter a winning streak with your last chips. On the contrary, you might end up with empty pockets altogether.
Forcing yourselves to adhere to the above-listed rules will surely be tough at first but if you do, you will be on your way to becoming a successful roulette player. Discipline is difficult to acquire and just as difficult to maintain. But it is precisely discipline that translates into better results at the roulette table as it optimises your money management, reduces your losses and helps you generate consistent profits.