Take a closer look at Roulette
There are so many ways to play, it's a strategists paradise.
Learn & Enjoy & Play
I am goofy for thinking gambling can make money, but as my friends remind me, it leads to inevitable loss. The math is not on my side. So please handle my crazy thoughts as entertainment only. Casinos are built to take your money and that's why they have such large buildings. As the saying goes, "the house always wins." Eventually, it does. But in the short term, there may be opportunities, and that's what I'm specifically exploring here.
Trading foreign currencies since 2006 didn't help much with gambling itself, but it does help with psychology and money management. In trading, success requires time and analysis. In gambling, the longer you play, the more the odds work against you. Gambling means taking unknown risks. My approach is simple: win and leave. Unfortunately, most gamblers struggle to do that.
Introduction to my Roulette adventure
Leaving the table with your winnings is the name of the game. In gambling, the longer you play at each session, the chances decrease. Most "gamblers" set themselves up to lose and stay too long. Traders on the other hand, try to win, with strategies.
My first table game in Las Vegas, was Roulette in 1995. It didn't end well. That stopped me from playing Roulette for 30 years.
Here's a strategy I like.....
Here's the simplest strategy to follow.
There are some cautions. But it "works" for a while.
Sadly, if you play long enough, you will lose.
Long term, there will be a loss. But is it possible to capture
many short term gains to offset the loss ?
This is a so called "winning" system I have found from WILL VEGAS 166 on YouTube. Will is one of the few YouTube influencers that actually seems to trial and error various strategies himself. On his home table, and on real casino play. In this video, he suggests to wait for 2 RED or 2 BLACK, then bet. And hold the bet for 2 RED and 2 Black, until you win. All details are in the video. It's a martingale betting system, and that's sadly, what I really don't like about it. See my videos on Martingale below. Doubling the trade amount, I mean bet, on each loss can be catastrophic for your trading capital, I mean bankroll. Martingale has it's disadvantages. But in this video, it's a seemingly winning system, so far. But mathematically, martingale will wipe your trading capital, I mean bankroll. I will keep trying various new strategies, and I like to look at the ones that are not Martingale. (doubling the bet, for each loss)
How many Strategies ?
There are a surprisingly large number of strategies to play this game. Like thousands.
Here is a guy that mathematically TESTS each strategy. I really like this guy.
He's worth a visit. https://www.jackace.com/gambling/roulette/
No Roulette connoiseur would be complete without checking out THE ROULETTE MASTER https://www.youtube.com/@TheRouletteMaster
Caution though, he plays 1 round of a system. So it's a very small sample size. Definitely try each system yourself, on a simulator, a lot of times, to see if it's right for you. Many times its not.
Here's one of his best videos. It's not a martingale ! Hooray !
https://www.youtube.com/watch?v=lswkgZRLfcg
You're Crazy, You will Lose money !
Yes, that's exactly what I heard when I started trading in 2006. It's not new information to me.
I know the house has an edge. I'm fully aware of that. Trading brokers have an edge too, yet traders still find ways to make money. In the same way, I believe small wins at roulette are possible over time, although I don't view it as a sustainable long-term income source. You understand that, and so do I.
That's one reason I built this site. It helps me explore and understand what's happening. Back in 2009, I started the Melbourne Forex Group, and the process of discussing and documenting ideas improved my trading far more than I expected. This project serves a similar purpose.
If this concept isn't for you, that's perfectly fine. For me, it's a fascinating strategy game built around randomness. And randomness is far more interesting than most people realize.
People often think results should alternate neatly with red, black, red, black. But roulette doesn't behave that way. Trends occur. In fact, the longest documented run of a single color was 26 blacks in a row. That's roughly a 1-in-66-million event, yet it happened.
Some reports even mention streaks of 32 consecutive results of the same color. Because of these trends, many betting systems use a "follow the winner" approach, betting that a streak will continue. These systems are simple to play and often appear successful in the short term.
What's even less likely is a perfect red-black-red-black alternation repeated 26 times. Ignoring green, that's about a 1-in-137-million event. Once green numbers are included, the probability changes, but the key question remains:
How long can a winning streak continue before a loss finally arrives?
That's the question that keeps me interested.
Don't fall for the "gambler's fallacy"
The evening of August 18, 1913, at the Casino de Monte-Carlo, the roulette wheel produced one of the most famous streaks in gambling history: 26 consecutive blacks.
As the streak grew, gamblers became convinced that red was "due." Many increased their bets, believing probability would eventually correct the imbalance. But roulette doesn't work that way. Each spin is independent, and the wheel has no memory of previous results.
Black continued to appear, and fortunes were reportedly lost as players chased the inevitable red that never seemed to come.
The event became a classic example of the gambler's fallacy—the mistaken belief that past random outcomes affect future ones. The wheel didn't care about streaks, patterns, or expectations. It simply kept spinning, while human psychology and flawed reasoning did the rest.
Here's the reference: click here for some info on the GAMBER's FALLACY
More on the MATHEMATICS of Martingale.......
Short term, OK, Long Term, definitely not OK.
It's definitely going to lose in the long run.
I found an interesting math explanation on Roulette and Martingale Strategy. Short term, it's worth the "gamble." However, see the video below, about long term play.
Expected Value, will always get you in the end..... always.
This is a great explanation of the general mathematics about most table games, including Roulette.
More mathematics about ROULETTE, in particular.
It also explains the house edge, very nicely, and explains why the casino specifically doesn't allow you to play systems that win. Martingale is particularly the worst system to play, in the long run.
This guy has some amazing strategies
Todd Hoover with another great video ... "Why I Raise My Bets... Even When I WIN? "
This is a great video of Todd, showing how he potentially can make a lot of cash, but it's a scary ride !!!!!! and he appears to win. I haven't tested it much myself yet.
Note: I believe, he could have played much less time and had much less headache (risk), and walked away with half as much, but he pushed it to win $1000.
It appears that his win, is a good one, but his risk was too high for me.
My thoughts;
The longer you play, the greater your chances of losing. My approach is simple: I set a bankroll, and if I hit my loss limit, I leave. If I reach my profit target, I leave. Gee, very similar to trading !
Casinos understand that time is on their side. They know that, given enough play, the house edge will eventually take its toll. Their goal is to keep players engaged for as long as possible, which is why casinos are filled with lights, sounds, and distractions. Free Booze and the lack of clocks, adds to the mystique.
The real question is whether a series of short-term wins can outweigh the occasional large loss. That's where strategy and money management come into play. While the long-term odds favor the casino, there may be short-term opportunities for disciplined players who know when to walk away.
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⚠️ Important Disclaimer
No roulette strategy can overcome the house edge. All strategies presented here are for educational purposes only. Roulette is a game of chance, and the house always has a mathematical advantage. Please gamble responsibly, never bet more than you can afford to lose, and remember that these strategies do not guarantee profits.
European Roulette House Edge: 2.7% | American Roulette House Edge: 5.26%