- How To Make Money As A Kid
- How To Make Money Playing Roulette
- How To Make Money On Roulette Table
- How To Make Money Playing Roulette Online
- How To Make Money On Roulette Table
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Every time you enter a casino and rush to the roulette table, you have with you certain amount of playing casino money for that particular day. From there is so easy to come up with one plan. Set a winning goal as your target each playing day. This means base on your playing capital place 10% of that playing capital as your winning target.
Roulette is one of the most popular table games in modern casinos. Although variations on the game have been around for several hundred years, there are now only 3 variations in American casinos.
You’re likely already familiar with American roulette and European roulette. The most recent addition to the table game inventory is Sands Roulette.
Which of these games should you play?
How should you bet on them?
What’s the smartest strategy for roulette betting?
I’ll explain all that in this post:
What Are the Differences between American, European, and Sands Roulette?
Although these games have a few other differences, the most significant distinction between the 3 versions of roulette are the number of green slots the wheels contain.
Every roulette wheel has at least 37 slots.
36 of those slots are always numbered 1 to 36, and they’re alternately colored RED or BLACK.
The additional slots are green.
In European roulette there is only one green slot, the “0”.
In American roulette there are two green slots: “0” and “00”.
In Sands roulette a third green slot, “S”, has been added to the wheel.
The green slots are there for one reason:
They make the game’s statistical probabilities uneven.
This is because of the way roulette bets are paid off. You can win anywhere from 35-to-1 (for betting on a single number) down to 1-to-1 (for betting on 18 slots at a time).
The payoffs, called “odds”, are not as fair to you as the actual estimated probabilities of the roulette ball landing on any given slot. This is how the casino makes its money.
In a game of roulette the house should keep at least 2.70% of all the bets players make over time. The casino has no need to cheat the players. In fact, the players often make really bad bets that improve the “house edge”, as that casino profit is called.
One of the other differences between European roulette and both American and Sands roulette is that the European roulette table has an additional betting area. This secondary betting area is used to place specially designed bets. They are more complicated than the normal bets made in American and Sands roulette. I’m going to ignore this section of the table, because I’m going to show you how to place bets that have the best chances of paying off.
Is There a Winning System for Roulette?
Everyone who gets into roulette sooner or later starts to think about how they can “beat the system”.
I’m going to be honest here:
There is no way to do that.
The green slots on the wheel make it impossible for anyone, anywhere, to ever design a betting system that is guaranteed to win. If you really want to guarantee yourself a win every time, then put a chip on each of the 2-to-1 outside bets and on each of the green number bets.
That’s the only way you’ll be paid money every time the wheel spins.
You’ll also go broke.
You may have heard about a system called the Martingale System. It’s a popular betting system with new roulette players.
Experienced roulette players just turn their heads and roll their eyes when someone mentions the Martingale System. The only way you can make money with the Martingale System is to write a book about it and get people to buy your book.
Even that’s a gamble, though, because most people now know that the Martingale System promises more than it delivers.
Here’s how this system works:
You start out betting the minimum. If you lose, you double your bet. If you win on your doubled bet, you go back to betting the table minimum. If you lose again, you double the size of your bet again.
This sounds great to inexperienced bettors but the problem is that you’ll either run out of money or hit the table limit before you can recoup your losses as they add up.
The Martingale System is a sucker bet, plain and simple.
How To Make Money As A Kid
Every betting system in every form of gambling tries to leverage probability theory. The Martingale System and other roulette betting strategies also rely on probability estimates.
But there’s a flaw in the thinking behind these systems. If you account for the flaw you’ll be okay. You won’t always win but your expectations will be more reasonable.
The secret to not going broke when you gamble is to set reasonable expectations and maintain your self-discipline. You should never drink or take drugs when you gamble. They lower your inhibitions and impair your judgment.
You might as well just hand your money over to the casino at the cashier window and say “keep it” if you’re going to drink or do drugs when you gamble.
How Do Probabilities Work in Roulette?
Probability theory came out of statistics. It tries to give us rules by which to guess what happens next in any situation. The guesses are seldom accurate predictions. Sometimes the guesses work out, and sometimes they don’t. Gamblers love probability theory because they think it helps them pick the best betting strategies.
You’re actually more likely to double your money during a roulette session if you put all your money on a single bet. The more bets you place, the less likely it becomes to double your money.
That’s because every bet brings you close to the long term expectations. The closer you are to the short term, the more likely you are to get better than expected results.
In roulette, the probabilities are simple. The dealer spins the wheel and releases a ball that whirls around the outside of the wheel and finally settles in a slot. With only 37 slots on a European roulette wheel you have a 1-in-37 probability of the ball landing on a specific slot.
This probability never changes.
This probability is calculated on the basis of all the known possibilities.
What probability theory cannot do, however, is predict where the ball will stop.
Nor can it predict whether the ball will land on red, black, or green any number of times over the next 100 spins.
Nonetheless, a lot of gambling guides tell you that you have the best chances of winning if you do this because of such-and-such probabilities. And many of these guides warn you that there is no way to predict the future, but by setting the expectation that the ball will land on red about 47% of the time, these guides are making predictions and promises they cannot keep.
They’ll even back up their claims by talking about how to run computer simulations for 1 million spins of the wheel so that you see how often the ball lands on red, black, or green.
In the real world the Probability Fairy is always on vacation. She’ll never be there to wave her magic wand to make things happen the way experts say they should. The ball could land on red over the next 20 spins. Or it could land on black or green or some random mix of color combinations.
You have no way of knowing how many of the next [X] spins will turn out a certain way. Talking about probabilities in this way is just dishonest.
What you can do is look at the wheel and ask yourself how much it costs to bet on the largest possible set of numbers. The idea here is to get as much coverage as you can without losing money too fast.
But even if you cover every number on the wheel you’ll lose money.
So the only way to win in roulette–and this is completely random, never guaranteed–is to bet on less than all the numbers on the wheel.
You also want to play bets that pay better than even money. You can place a variety of bets, but most of them aren’t worthwhile.
Betting on single numbers is a bad idea. You can place bets on the lines between the numbers (these are called “street bets”) and on lines at the corners of numbers (these are called “corner bets”).
But even though you get pretty good odds (payoff) you’re still covering too few numbers.
How Bets Work in Roulette
Divide the bets into two groups:
- Inside bets
- Outside bets
Inside bets are based on individual numbers or small groups of numbers. When you see players betting on the lines, corners, and individual numbers on the table they are making inside bets.
Outside bets are based on pre-selected groups of numbers on the wheel. The “2-to-1” bets cover 12 numbers each: 1 to 12, 13 to 24, and 25 to 36. The “1-to-1” or “even money” bets cover 18 numbers each:
- Odd
- Even
- Black
- Red
- 1 to 18
- 19 to 36
The bets more likely to pay are the even money bets.
But unless you can win 5 times out of 9 on even money bets you’ll lose your stake. That’s the problem with roulette. You always have to win at least 1 more time than you lose no matter how you place your bets.
The “2 to 1” bets pay better than the “1 to 1” bets because they cover fewer numbers. You have less of a chance of winning.
There are 6 types of “2 to 1” bets:
- 3 kinds of dozens bets: (1 to 12, 13 to 24, and 25 to 36)
- 3 kinds of columns bets: ([1, 4, 7, 10, 13, 16, 19, 22, 25, 28, 31, 34], [2, 5, 8, 11, 14, 17, 20, 23, 26, 29, 32, 35], [3, 6, 9, 12, 15, 18, 21, 24, 27, 30, 33, 36]).
You can make a bet by betting on any two of the “2 to 1” groups. That means that instead of covering only 18 numbers you’ll be covering 24 numbers.
This type of bet is often called the “double dozen” bet. It’s popular among gamblers who like to hedge their bets. They have a better chance (all other things considered) of scoring a win with a “double dozen” than with one of the standard even money bets. If you’re playing it safe and going for even money odds, you should always play a double dozen bet.
If you want to bet more aggressively, then instead of betting more money on your double dozen, you can cover all 36 of the red and black numbers. Leave the green numbers alone. Yes, they’ll come in every now and then, and you’ll lose money.
But there’s a way to keep your losses low.
How to Bet on Columns or Dozens Aggressively
Take 6 chips and distribute them across EITHER the three dozen bets or the three column bets.
Place 3 chips on 1, 2 chips on the 2nd, and 1 chip on the 3rd. If the ball lands on a green number you’ll lose your entire bet, so always play the table minimum with this aggressive style.
If the ball lands on any number with your single chip bet, you’ll win 2 chips and lose 5–for a net loss of 3 chips (half your bet).
That’s the safest way to bet aggressively on the table.
If the ball lands on any number in your 2 chip bet you’ll win 4 chips and lose 4 for no loss. This keeps you in the game.
If the ball lands on any number in your 3chip bet, you’ll win 6 chips and lose 3 for a net gain of 3 chips. This will offset 1 single chip win.
The way this betting strategy works out, your money can grow substantially and still take some big hits. Where the strategy will fail you is when the ball lands on green or if the ball lands on the single chip bet more often than it lands on the 3 chip bet.
Sorry, but there’s no way to prevent that from happening.
There Is No Guaranteed Way to Win in Roulette
I can’t say this often enough:
You can’t win at roulette in the long run.
I think roulette is a fun game to play. It’s exciting because you don’t know where the ball will land. You take an active role in making your wagers.
And you’ll find there are a lot of different betting systems to experiment with. The only thing that is guaranteed in roulette is that the casino will make a profit. What you hope for is that they make their profit at someone else’s expense.
Players who try to improve their luck by making big bets do sometimes win, but most often the people who come out ahead are the patient players who use conservative betting strategies and take money off the table. If you only walk away with your beginning stake you’ll be luckier than most gamblers.
And you can take that to the bank.
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I do a lot more than just manage roulette teams. I run multiple businesses and, like many other people, have tried many different ways to make money. This page explains how roulette compares to other ways of earning a living.
The Best Ways To Make Money
There are countless ways to make money, although clearly some principles are more effective than others. Here’s what works best:
Leveraging your existing wealth: The best way to make money is to have money, and use it for various investments. That’s why many wealthy people say “the first million is the hardest to make”.
Getting investors: The next best way is to use other people’s money to make large investments. This is exactly what banks and financial institutions do. But in most countries, dealing with funds from investors requires official paperwork such as a prospectus. And often you need to be registered with government organisations. Such organisations are supposed to exist to protect investors, although in my experience, they exist more to protect the interests of big business. This makes it very difficult for average people to combine funds for the purposes of accumulating wealth.
Combining funds with others: You could work with 10 family members, each contributing $100,000 each, and you could make a combined $1 million investment. Generally the more you invest, the greater your returns can be. Consider building a casino, which may cost several million dollars. But your investment may be returned several times each year. Try getting those returns with a bank term deposit.
Running a business: The most successful businesses offer genuine value to customers. If a business only focuses on making money, without consideration to how customers are helped, it won’t succeed in the long-term. If you create a business with the customer in mind, you will be much more successful. But remember the golden rule of marketing, which is people by what they want, not what they need. You can have a fantastic product that anybody can benefit from, but if no-one wants it, then nobody is going to buy it.
Getting a job: Getting a normal job may be the most secure and easiest way of making money. But I personally can’t imagine working eight hours a day for just $150 or so, then losing half of it to tax, to be insanity. Then you have to do it 5 times per week. And don’t forget the peak hour traffic driving to and from work. It sounds more like slavery than living.
Professional gambling systems: You are probably expecting me to say that roulette systems are the best way to make money ever. But it’s not the case. Roulette can be an extremely tough game to beat, or it can be remarkably easy. It ultimately depends on the wheel you are playing against, and the conditions in the casino. Further detail is explained below.
How Roulette Strategies Compare To Other Ways of Earning a Living
Beating roulette in a home environment is very easy. Even the most random and modern roulette wheels can be beaten. In fact I’ve never seen any wheel produce truly random and unpredictable spins. But the real casino environment is different. The two main differences are that in the casino are: In real casinos, the wheel spins less frequently. And in real casinos, you must deliberately limit winnings to avoid detection.
For example, the average wheel spins once every two minutes. But in some casinos, it can be once every five minutes. This is particularly painful for a professional roulette player, especially when they need 60 or so spins to analyse the wheel. It may not seem like much, but 60×5 is 300 minutes (5 hours). That’s a lot of boring hours at the table.
However, if the wheel produces a reasonable edge, the player can earn $5000 or more in the hours after wheel assessment. And they can do this without attracting too much attention from casino staff. Of course a player could earn more with larger bets, but it is important for the player to avoid detection. With a standard 9-to-5 job, it may take many weeks to save $5000. This is because you not only need to earn the money, you also need to cover your living expenses, and pay tax on earnings. So saving the money is not so easy.
Clearly in this case, being a professional roulette player appears better. But the downside is if you make mistakes playing roulette, you can actually lose money. However, a professional player sees it differently. They understand that if they properly research a wheel, they will have an accurate idea of whether or not the wheel is profitable before making significantly large bets. Correct application of any roulette strategy does not guarantee profit. A winning roulette strategy is like any investment, where there is calculated risk. Any investment you ever make is always calculated risk, and never guaranteed returns.
Looking at it this way, you understand that every spin you play, and every wager you make, has its own risk versus reward. Or more specifically, risk versus return. Even the casinos themselves see it this way. They understand that any player can win large sums of money if they are lucky. But because of the house edge, the casino has an inbuilt advantage that virtually guarantees they will profit. Having a genuine winning roulette system is no different. The player has a long term advantage over the casino. And while it doesn’t guarantee profit, it strongly tips the odds in the players favour.
The single biggest problem any professional player faces is avoiding detection. Because if you are detected, the casino will do whatever they must to prevent you winning. This will typically be something like moving or recalibrating the wheel, which will change the patterns. Some casinos, although very few, recalibrate their wheels on a daily basis. This means that patterns often change, and any old data collected by professional players becomes obsolete. This is not always the case though. Because if the wheel is recalibrated with precision each time, then the patterns won’t change. It’s only really a problem if the casino doesn’t precisely recalibrate the wheel, which unfortunately is the case. But the good side of this is it then means a very difficult wheel can suddenly become very profitable, and you can often exploit it and profit before the casino even realizes.
In casinos that do recalibrate their wheels daily, players will have no problems achieving success if their strategy involves quick analysis and play, before the wheel is modified or recalibrated. A roulette wheel bias player, who may require thousands of spins for analysis, is not likely to be successful. But a user of the JAA system, visual ballistics, dealer signature roulette computers, or any other method that allows rapid analysis of wheels, is likely to be unaffected by a casino’s frequent adjustment of wheels. At most, it can be an inconvenience to professional players, because they need to repeat the initial data collection process. Still the time you spend doing this is more profitable than the average 9-to-5 job.
Conclusion
If you are already wealthy, you can make a lot of money very quickly in VIP rooms by playing roulette. You can easily apply the hit-and-run approach, where you make large bets based on roulette computer predictions. Your winnings will be relatively quick and easy, and appear more like luck. But if you are already wealthy, then you may find it easier to make money by making strategic investments. I suggest real estate, but not necessarily in the jurisdiction where you live. For example in Australia, where I live, the government imposes very large taxes called “stamp duty” whenever you purchase a property. This greatly reduces your profits in the short term, so you cannot rapidly buy and sell properties like stocks.
How To Make Money Playing Roulette
If you are like most people, and have a modest betting bankroll between $500-$1000, then roulette may still be one of the best investment opportunities for you. I know players that made over $1 million starting from just $2000. When you have an advantage over the casino, profits accumulate very quickly.
How To Make Money On Roulette Table
But don’t expect every wheel or casino to be remarkably easy to beat. If you attempt play on a difficult wheel, you will only end up losing money, and a lot of time. If you find easily beaten wheels, then you can earn large sums with very little investment. Again it all comes down to where you play.
How To Make Money Playing Roulette Online
On the average wheel, and in the average casino conditions, I wouldn’t say roulette is the easiest way to make money. It is actually quite tedious and boring. And many times you can become frustrated with the lack of success. This is all part of the game as a professional player. But when you do find the right wheel and conditions, the results are very rewarding. Even with a modest bankroll of $500, you can profit tens of thousands of dollars in a matter of weeks, without the casino having any idea. And again although you could earn much more, the main limitation is what you can win without being detected. For the average casino, taking less than $5000 in a 24 hour period is unlikely to draw much attention.
How To Make Money On Roulette Table
So roulette can be very profitable even for small-time players. But is it suitable to earn a living? Well if you are supporting a family, you won’t have a regular and dependable wage. A family needs security. But with roulette, there may be times where the casino’s wheels are all too difficult to beat. And this period may last many weeks, until something changes and the wheels are easily beaten again. So it is not something you can realistically depend on for a regular income. Don’t get me wrong. There are many players who play roulette for a living, although most of them are single without families. But even their income is irregular. For example, they may play two times in a month and profit $30,000. Then they may not play at all for the next 3 months, because perhaps their local casino’s wheels have been calibrated. And the patterns may not become predictable again for some time. So it’s a bit like rain. Sometimes there’s heavy rain, and sometimes there’s a drought. At least that’s how it is if you have very few wheels to choose from. But if you live in an area with plenty of wheels and casinos to move between, you are much more likely to achieve a regular and dependable income.