Thou Shalt Not…

• Author: Ed
• Filed under: General
• Date: Jun 27,2008

Following on from our earlier post, today we are going to take a look at how to develop a winning roulette strategy. So to start, we have a few rules that every gambler should set in stone.

Number 1: A Gambling Bankroll.
i.e. How much can you afford to gamble? If you have never heard of a bankroll, you need to think about this, because this is what sets you aside from the amateurs. First – set aside some disposable funds. Don’t dig into savings, just make a small percentage of funds available that you class as disposable. Put this into a separate account solely for gambling, and make a rule that this is your gaming money. When it’s gone you stop and you don’t touch any other money but your gaming money.

Number 2: A Session Bankroll.
This is how much money you are willing to spend per session. This must be a realistic amount, and it cannot be 100% of your gaming bankroll. You need to cover your back with this, and it is recommended that you split your Gambling bankroll into at least 20 or more session bank rolls.

So – if you have a gambling bankroll of $100 – this will give you 20 $5 sessions. So when you work it out like this, $100 really isn’t enough to start gambling.

Number 3: A Stop Loss
Okay – so what is a stop loss ? If you are not winning, your loosing. Set up a strategy so you can still quit while you’re ahead, because when your losing you are more likely to make an irrational decision. Stop in advance. I have a rule that says if I lose 5 times in a row, I quit. I do this so that

A) I don’t expose too much of my session bankroll

B) I don’t spend my gambling bankroll in one go.

C) If the odds are against me, I’m doing something wrong. This rule means I quit, take a break and come back with a fresh head.