If you are planning to play roulette and look classy while doing that, study and practice the following strategies to achieve the best possible results. There are various techniques known as Roulette winning strategies employed by individuals, like the Martingale strategy, the James Bond strategy, and the D'Alembert strategy, among others. Even though every one of these strategies has its benefits, none of them guarantee profit. In fact, they will all result in losing money sooner or later, so it is important to know when to stop. But read on to learn how to play intelligently!

The Martingale Strategy

Know a bit about the Martingale strategy.
Perhaps the most popular roulette system, Martingale is based upon doubling your wager after each loss in a game with almost 50/50 chance. In that way, your initial win will cover all losses up to that point together with a minimal gain.

The appeal of this method is obvious. In basic roulette, you're actually playing a coin toss. You bet on a color, and your color either wins or loses. If you bet on one color and double it up until you win, you will break even — if you're able to keep doubling.

There are some significant disadvantages to this approach:

First, pay attention to so-called Gambler's Fallacy. It doesn't matter that black has won 10 or even 100 times in succession. Red is not "due" to win the next spin. Every spin is an independent event, and the probability is still close to 50%. Actually, it's slightly less than 50/50 because of the existence of 0 and 00 on US roulette tables.

A second disadvantage is that you can eventually come to the table maximum bet limit or run out of money when on a losing run. After you do, you'll be out of money — unless your next bet wins. You'll have to keep increasing your bets — or win — just to break even.

Step-by-Step Instructions

• Find a roulette table that offers a low minimum and a high table maximum bet limit.
  You want to start small and be able to double your losing bets as many times as possible. So, look for low minimums and high maximums.
• Place a small bet on red or black, even or odd, 1–18 or 19–36.
  American roulette tables contain 37 spaces with 0, so the ball has nearly an equal probability of coming to rest in black or red, even or odd, low (1–18) or high (19–36) numbers. For our purpose, assume you're betting on red or black — although you could just as well bet on odd/even or 1–18/19–36.

• Should you win, collect your winnings and place the same modest wager again.
  Or, you can leave — even if it's with $2 instead of $1 doesn't sound so bad. At least you're leaving with $0.
• When you lose, double the previous bet and place it on the same color.
  That is, if you lost the bet for $1, place a bet for $2 this time. If you placed a bet for black, place a bet for black.
• If you succeed with the second bet, cash out your winnings or return to the first small bet or quit.
  Your profit is the same as if you had succeeded on the first bet when you win. When you lose once more, double the bet and attempt again.
• Repeat this until you are broke or reach table maximum bet.
  Remember, however, that this is no guaranteed way to earn money — only a way of trying to optimize your odds at one of the worst-odds casinos games.

Warnings

The Martingale system will fail if there is a maximum table limit for the bets. A maximum table limit will find you, in the long run, with less cash than you started with.

Like with all gambling schemes, mathematics is against you in the long run. This system (Martingale) may look like it works for a while. Yes, you might get 9 out of 10 correct, but loss from one terrible session can eliminate the gains of those 9 successful ones. The casinos always win — not the players. Statistically speaking, it's similar to selling lottery tickets: a high chance of a small reward (selling a loser ticket), but a low chance of a big reward (paying out a winner).

Even without limit betting — even if you did have limitless credit — the strategy doesn't work, it just fails in a different manner. If you continue playing out the Martingale strategy indefinitely, your bankroll will fluctuate between arbitrarily large positive and negative values. The expected value remains negative, but the variance is so enormous that your bankroll won't stay uniformly positive or negative.