Best Roulette Strategy To Make Money To be successful at roulette, it’s strongly recommended to use a good strategy, or system, to help you manage your bets and plan them to ensure that you manage your bankroll and make a return on your investment. What You Should Know About Roulette Systems What Is The Labouchere Roulette System? The Best Real Money Online Roulette Casinos in 2020 Your Guide to Playing at the Top Roulette Sites Whether you want to play free online roulette games instantly, or are looking for the best real. Every casino live roulette games require you to play for real money as free money is not a common option in this game. This means that the players would have to chase live roulette bonus offers to get some free chips so they could play and practice a bit before depositing money.

1. Online Roulette For Real Money
2. Make Money Online Casino Roulette Video Poker
3. Online Roulette For Money Usa
4. Real Money Online Casinos Usa
5. The Best Online Casino For Roulette

What You Should Know About Roulette Systems

Roulette has been around for many years, and people have developed many different strategies that have varying success. You may read about some and hear that people have made a fortune from them, and naturally think that these are the ones to go for. But don’t be fooled. A lot of those claims can’t be backed up, and even if they can it doesn’t mean you will have the same success.

So what roulette strategy should you use? Here I’m going to explain in some detail why I think the Labouchere roulette system is arguably the best and be sure to check out more information on how to use it on the Labouchere roulette system page.

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What Is The Labouchere Roulette System?

The strategy was first introduced by Henry Labouchere, a well-learned man born in London. An avid roulette player, Labouchere developed this rather complicated system using mathematical techniques, and it has become one of the more popular strategies among gamblers today. So why can it be so successful for you?

First, let’s see how it works – it uses negative progression where bets increase when you lose and when you win, you place lower wagers. It is applied only on the following outside bets – red/black, even/odd, and low/high and you can place the same bets during the entire session (for instance on odd numbers), or you can move the chips whenever you like. You also start by determining how much you wish to win during this gaming session. In theory, you need to win only a third of all spins plus two to get a profit. For instance, if you play 100 spins, you are expected to come with a profit after 35 spins (actually, the exact number is around 35.33 spins).

Perhaps the main benefit of this system is how versatile it is. After all, if I were to write about a roulette strategy that was only suitable for those with a large bankroll (the Martingale for example), it certainly wouldn’t be the best strategy for a lot of players (I’m not saying the Martingale is the best strategy for those with a large bankroll either!). With the Labouchere roulette system though, anyone can adjust how it works to suit their bankroll, their end target and how long they want to spend getting there.

Why This Roulette Strategy Is So Effective

I won’t get into too much detail here about how it works, as I have already written a detailed guide on how to use it, but I will explain briefly how it can be modified to suit you. In short, it uses some basic calculations to determine the size of your bet after each loss or win. You start by deciding on a target profit. Let’s say you have a bankroll of £100, and your target is to make a £50 profit in a relatively short period of time. Using this strategy, you should write down a sequence of numbers – their sum has to equal your target. Alternatively, you may try to reach the profit of £50 in several separate rounds.

If you are not confident in the strategy or in your luck, you might want to try a sequence like this – 0, 1, 2, 3. You can see how it may happen in a favourable round in this example:

Your profit at the end of each round (i.e. when the sequence is over) will be £6. Note how I’ve added a zero at the beginning to make the system slightly safer. For your first bet, you add the first and last number of the sequence, so your first bet will be just £3. Now if you wanted to reach your target a bit quicker, you could easily take this away, or of course, use a larger number. According to this method, you need to remove the 0 and the 3 from the sequence, in case you win. And your next bet is the sum of 1 and 2, so £3. If you lose, however, you add the lost bet to the end of the sequence, and you have 0, 1, 2, 3, 3. You can see in the following example a betting round where the number of wins and losses is equal:

But let’s say you have a larger bankroll of £500, and you want to double your money by the end of the night. Then you could change this to create a more aggressive sequence that works exactly the same way but provides a much higher return. For example, you can take the sequence 10, 20, 30. Your profit at the end of each sequence here will be £60, and with fewer numbers, you can expect to achieve that more quickly. You could make it even quicker but produce the same profit by changing the sequence to 20, 40. In the example below, you can see how £60 can be won in a short round of only 9 spins. Even though you lose more times than you win, you end up with a great profit.

So that’s one of the reasons why this system is so great, but there’s even more to it than that. There is also the fascinating statistic that you only need to win 1/3 of the spins +2 to make your profit. So out of 12 spins, you would only need 4+2=6 to make your profit. The longer this goes on, the better it sounds. For 60 spins, for example, you would only need 20+2=22 to be successful. Now, this isn’t the only system to offer this kind of statistic, but many others just aren’t as safe, or certainly can’t be made to be so safe as this one can. Or perhaps they take a long time to get you to where you want to be.

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Advantages and Disadvantages of Using the Labouchere Roulette System

If you want to make money using one of the many betting systems for roulette, you will want a method which is relatively easy to use. And this is one of the very few issues we can find with the Labouchere – it does require you to write down your sequence of numbers. If you play in online casinos, this should not be a huge problem for you. However, if you prefer playing in land-based facilities, you may easily attract unwanted attention, although most casinos should allow you to use any system unless it includes the use of any technical devices.

Still, the calculations that you need to make are really simple and should not be any problem for you. You just need to stay focused and keep track of the numbers on your sheet of paper or in your mind. Another disadvantage of this system is that there is the risk of having a really long losing streak, which means that your bet will increase a lot. This is particularly risky when you are placing higher bets – you can easily waste your entire bankroll without being able to recoup. You can also reach the table limits in a relatively short amount of time.

Nevertheless, the advantages of using the Labouchere system seem to outnumber the risks and pitfalls that come with it. One of the most compelling arguments is, of course, the fact that this method can be modified, adjusted and reshaped in multiple ways so that it is suitable and reasonable enough for you to use. You can make it extremely safe by starting the sequence with several zeroes, for instance, as in 0, 0, 0, 0, 1. In this scenario, your first several bets will be £1 even if you are losing. If you are winning and need to remove the number 1 (0, 0, 0), you can simply start over and bet £1 once again.

In fact, you can change the sequence of numbers in any way you wish – a target of £6 can also be expressed as 0, 0, 2, 3, 1 or 3, 3. The simple principle you should follow is to keep the bets smaller and the sequence longer for a lower risk game. If you are willing to play more aggressively, you can start with higher stakes and short sequences of numbers. You will risk more, but the potential wins are also much more attractive and can be reached much faster.

Conclusion

In short then, the Labouchere, in my opinion, is possibly the best roulette strategy out there as it suits almost any player, whatever the goal. It is also a fantastic way to manage your money and reach your target profit. That being said, it is one of the more complicated systems out there and certainly takes some practice. Start off with a pen and paper, go through some scenarios in your head and think about what you want to achieve realistically with your budget. But with a sequence that suits you, I can definitely recommend this system.

Almost every online casino has some sort of welcome bonus to help try and persuade you to sign up and use their website rather than their competitors. With a little bit of thought and cleverness, we can take these new-player casino bonuses and convert them into withdrawable cash.

But before we delve into casino bonuses, let’s talk about sportsbook bonuses. Making money from them is known as matched betting and is pretty easy and may be where you started off?

But right now because of the COVID-19 coronavirus most sports aren’t running so there aren’t that many matched betting offers available. But to try and keep customers casinos are offering better bonuses than normal. Now is a great time to try some casino bonus bagging – especially as we all need to make some more money!

Contents

Unlike Matched Betting, Casino Bonus Bagging Isn’t Risk Free

Unlike matched betting, making money from casino bonuses is not risk-free. But that doesn’t mean that they can’t be profitable and worth doing.

We call this notion EV (expected value). By using maths we can work out how much money we will make on average from the bonus. So why is that not risk-free? Because of variance. Each time we make a slightly different amount, but over the long term it averages to the EV.

If you understand what I mean then feel free to skip straight to the how casino bonuses work section.

Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £17.99 a month service.

The Maths – How Casinos Make Money

Let’s say that we are playing a game of flip the coin, and because we’re fun people we’re also betting on it.

If we bet £1 a throw.

• I win £1 and you lose £1 if the coin comes up heads.
• You win £1 and I lose £1 if the coin comes up tails.

That is what we call a fair game.

There is risk – we could play 100 flips and I might lose money, or I might win money. But either way, it is just down to luck. Statistically, I am not more likely to win than to lose.

There is a 50% chance of me winning each throw, and a 50% chance of me losing each throw.

That is not what it is like in a casino. The casino has an edge.

Let’s change the rules slightly:

• I win £1 and you lose £1 if the coin comes up heads.
• You win £1.10 and I lose £1.10 if the coin comes up tails.

That is not a fair a game.

There is still risk – we could play 100 flips and I might make money. But I am more likely to lose.

On each coin toss I expect to lose 5p. We use this word “expect” a lot when it comes to making money from casino bonuses. It means the average in the long-term.

Here is a very simple tree showing you how we worked out that expected loss of 5p.

(0.5 x £1) + (0.5 x -£1.10) = -£0.05

That number becomes what is called the house edge. For every £1 we bet we expect to lose 5p.

If we play 1,000 flips, I will have bet £1,000 and expect to lose £50 (1,000 x 5p).

The More We Play The Closer To Expected We Get

Now we get a bit more complicated. The longer I play, the more likely I am to lose money.

I am not going to explain the maths here (email me if you want to know), but over 1 coin flip my chance of walking away with a profit is 50%. The coin can either come up heads or tails.

Over 100 coin flips my chance of making a profit has dropped to 31.7%, that’s almost a 1/3rd chance which still is quite high. I might decide that I’m feeling especially lucky and take that 1/3rd chance. But over 6,000 coin flips my chance of leaving with a profit drops only 1%.

That is how a casino makes money. If there are 60 people playing at your casino and each plays the coin flip game 100 times, then each person has a 31.7% chance of leaving with a profit. But as the casino is playing 6,000 total flips it only has a 1% chance of not making a profit overall. A pretty clever business model.

What Are The House Edges Of Different Casino Games?

Now you can’t actually play our coin flip game in a casino so let’s apply this concept to two real casino games.

Roulette. Is a very basic game which almost everyone understands.

There are 36 numbers not including the zero. Of those 36 – 18 are red and 18 are black. The number zero is not red or black. Each time the wheel spins there is an equal chance that the ball will land on any of the numbers 0 – 36.

If you bet on red and it comes up, you win your stake back. So a £1 bet would win £1.

There is an 18 out of 37 chance of a red colour coming up. That means that you have a 48.6% chance of winning, and a 51.4% chance of losing.

Let’s draw that same tree we did earlier but this time for roulette:

(0.486 x £1) + (0.514 x -£1) = -£0.028

For ever £1 bet we expect to lose 2.8p. That’s the house edge.

That’s pretty low. But roulette is not the casino game with the lowest house edge. That award goes to….

Blackjack. Forget card counting or anything you’ve seen in the films, your basic blackjack is the casino game with the smallest house edge.

There are many different rule sets for blackjack, and the house edge depends both on those rules and also on how close to perfect strategy the player is playing. But most games of blackjack have a house edge of about 0.5p per £1 bet (0.5%).

Let’s just think about that, 0.5%. That’s so low! It’s the equivalent of playing the coin flip game with the rules:

• I win £1 and you lose £1 if the coin comes up heads.
• You win £1.01 and I lose £1.01 if the coin comes up tails.

If we played 1,000 hands of blackjack at £1 a bet, we would have staked £1,000 and expect to lose just £5.

How Casino Bonuses Work

Thank you for sitting through all of that. Now that the basics are out the way let’s talk about the juicy stuff. How we can actually make some money from casino bonuses.

Just like with matched betting, most casinos offer new players an incentive to sign up and play at their casino.

Unfortunately, unlike with matched betting, there is no way we can hedge out our bets. But we can use this knowledge of the house edge to turn things in our favour. Provided the bonus is good, we can expect to make money.

Let’s take a look at one bonus that is currently offered by William Hill on their live casino.

To get the bonus, we need to deposit £25 and then place a series of bets that total at least £200. When we have reached that target and we contact customer service, a bonus of £25 will be added which we are then free to withdraw along with whatever is left of our initial deposit.

How We Make Money From Casino Bonuses

£200 sounds like a lot, but after what we’ve learnt about house edges and blackjack it shouldn’t sound so bad. Remember blackjack has a house edge of 0.5%.

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Over £200 staked we expect to lose only £1. That means we expect to keep £24 of the bonus!

This is what we expect to happen.

• We deposit £25 into William Hill Live casino.
• We place 200 £1 bets. At the end, we have lost £1 and have £24 left.
• A £25 bonus is added to our balance.
• We withdraw our balance of £49 (£24+£25).
• We have made a profit of £24.

But, there is risk.

There is a chance we will lose more than just £1. There is even a chance of us losing more money than the bonus is worth. If we use up all of that £25 we would need to deposit more in order to finish the staking.

We won’t go into the maths on variance. But understand this. Blackjack has a house edge of 0.5% and a standard deviation of 1.15.

That means that at a £1 bet size there is a 95% chance we will make somewhere between £7.75 and £40.25. But it also means there is a 7% chance of making a small loss.

That is the essence of making money from casino bonuses. You are simply moving the odds to your favour.

Websites like Oddsmonkey and Profit Accumulator (more on them later) have calculators for working out your variance and house edge from different casino games. They also have strategy calculators to help you play the games optimally.

Whew. So after all that explaining, the actual steps were very simple.

But we had to go into all that details because it will enable you to look at more advanced offers and take advantage of them as well. Every casino bonus has different terms and you need to be able to work out what strategy to follow to get the highest ‘expected profit’ or ev from the bonus.

Which brings us on to the hardest part of making money from casino bonuses.

Where To Find The Best Casino Bonuses

You can only do that William Hill Live casino offer once, so to continue making money you need to find some more offers.

And the unfortunate truth is for more casino bonuses it is not profitable to make money from them. You need to find the diamonds in the rough.

You can do this in exactly the same way as you would when sports matched betting. And in fact, if you have done matched betting before you will probably already know the following two choices:

• Look through casino terms and conditions manually.

95% of people pay for a service. Compared to the EV you can make the services are cheap, they give you a curated list of offers to work through, and they point out any dangerous loopholes in the terms and conditions.

My two favourite paid for services for casino bonuses are:

• Profit Accumulator. Free for your first few bonuses, then £19.99 a month.
• Oddsmonkey. Free for your first few bonuses, £19.99 a month.

Nowadays they are both pretty similar with largely the same offers but different communities, website feel and customer service. They each have free accounts you can try out so I suggest signing up to both and then choosing which one you like the most.

Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £19.99 a month service.

There Are Lots Of Different Types Of Casino Bonuses

Wow what a beast of a post!

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Let’s just finish on saying that there are lots of different types of casino bonuses and all have slightly different best ways to exploit them.

By now you should understand the concept of expectedvalue and therefore making money from casino bonuses. You have a guide to tackle your first bonus and you have plenty of resources to help you research and find new offers. Good luck!

USEFUL LINKS

• More details on casino wagering requirements.
• My summer betting diary where I made £250 a week throughout the summer holidays.

FAQ

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What happens if I lose all of the £25 before completing the wagering requirement??

This is a very real risk and is also the reason why there is a chance of losing a small amount of money while completing the wagering requirement.

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What you need to do is to deposit more money and finish the betting.

I hear people talking about ‘sticky’ bonuses or doubling up. What does that mean?

You should really join a forum and start asking people there. You are getting into some quite complicated areas with the potential to lose some large amounts of money if you make a mistake.

But in short: A sticky bonus is one that you can never withdraw. You can only withdraw the winnings. This means that the tactics we spoke about earlier don’t work. Doubling up is a technique to make money from them. You basically bet the whole bonus on red on roulette. If the bet wins you withdraw the winnings. If you lose you’ve lost the bonus which you couldn’t withdraw anyway.

What are the house odds of some other casino games?

• Baccarat – 1.06%
• 3-card Poker – 2.01%
• Craps – 0.34%
• French Roulette (you get 50% of your stake back if it lands on 0) – 1.35%
• American Roulette (two 0s) – 5.26%
• Slots – 3-10%. Average is about 5%.

Can I card count online blackjack?

No, you cannot. Card counting relies on the contents of the remaining cards changing as the rounds go on. In online blackjack the cards are shuffled every hand so the contents don’t change. You can do it with live blackjack – but I believe they shuffle regularly to make it more difficult. I have never tried.

I have a question that is not answered here?

Drop me an email at hello@sampriestley.com and I will do my best to get back to you.

Can you make money from casino bonuses while self-isolating or under quarantine?

Yes you can! It is actually a very good time to do it because you can do every step of the offer from your home.