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Sunday, October 6, 2019

Does A Winning Roulette System Exist?

Does A Winning Roulette System Exist?
Before I start delving into the matter, let us just get the title question out of the way first. In my opinion, a winning roulette system, plain and simple, doesn't exist! Well, now, thank you for your time, ladies and gentlemen, have a good night y'all! But for those of you that just refuse to go home even after the curtain has long fallen, I will explain myself further. Although I firmly believe no winning roulette system exists, I believe that with a proper roulette strategy, long term profitability can be achieved.
So, what are you saying, a strategy yet not a system? By definition, a roulette system is a set of more or less complex rules (usually more) you are obliged to follow when playing roulette, that supposedly should bring you untold riches. Usually a roulette system deals primarily with bet selection (what and when to bet on) and to a lesser extent with money management (how much to bet flat or progressively). Unfortunately, the "linear" nature of any such system, however good it may seem at the beginning, is the main reason why the house edge slowly (or even quite abruptly) but surely creeps in and takes a bite out of your bankroll. It does not matter if you use flat betting or progression betting everything ultimately leads to the casino having an advantage over you.
Fortunately, there is a way to overcome that, but you have to change your "linear" approach. You just can't outsmart the house edge by repeating any single method over and over again, in other words, you need a strategy that can earn you money in spite of house edge, not one that tries to overcome it. Let me borrow an example from the investment world, say you are buying penny stocks with +900% potential over a few years. The downside of each stock will be limited to "only" -100% of your initial investment (without leverage). In such scenario, only 1 out of 10 of your stocks needs to make it over your profit target, while 9 out of 10 could go bankrupt and you would still make a profit (assuming no inflation).
So, how does this translate to roulette? You will need to learn how to properly limit your losses, while at the same time allowing your profits to run freely. You can limit your losses by betting conservatively while you are risking your own money, by never risking more than a pre-defined part of your bankroll on any given bet, by setting up trailing stop losses and most importantly, by learning to recognize and avoid the "chemical rush", that can cloud the judgment of even the most educated men and turn them into mindless gamblers in a matter of minutes. You can disproportionately boost your profits by betting less conservatively when you are already in profit (risking only the casino's money), hence allowing for much larger profits than your risks ever are, also your betting amounts need to be sufficient to maintain a good enough risk/reward ratio to keep your long term profitability above the house edge.
Approaching roulette with an investor's mentality is in my opinion the only viable option of ever beating roulette. Thinking you can outsmart the house edge will get you nowhere, but managing to get the best out of your good luck streaks while containing the effects of bad luck streaks, can.

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