The Martingale Strategy
Know a bit about the martingale strategy. Probably the most common roulette strategy out there, the martingale relies on doubling bets after a loss in a ~50/~50 chance game. This way, the first win recoups all the previous losses, along with a small profit for the gambler. The advantage of this strategy is intuitive. In basic roulette, you're playing a coin-flip game. You bet on a color, and your color either wins out or it doesn't. If you only bet on a single color, and you keep doubling your bet until you win. Provided you keep doubling losing bets, as soon as you win, you've recovered all your losses. The are a couple disadvantages to this strategy. First, keep in mind what is called the gambler's fallacy. Just because black has won 10, or even 100, times in a row does not mean that red is any more likely the next time around. The chance is 50% each spin. Actually, it is slightly less than 50/50 with the 0 and 00. Another disadvantage of this strategy is that, eventually, you may reach the maximum bet, or run out of money, after several consecutive losses. As soon as this happens, you're in the red, even if you win. You need to continue making larger bets — or winning out — in order to recoup your losses.
Find a roulette table with a small minimum bet and a high maximum bet. You want to start small and have the opportunity to double your losing bets almost ad infinitum. Hence, a small minimum bet and a high maximum bet.
Bet a small amount on black or red, even or odd, 1-18 or 19-36. American roulette tables have 37 pockets, including the 0, meaning that the ball has an equal probability of landing in either the black and red pockets, even or odd, and the small digits (1-18) or the larger digits (19-36). For the sake of example, we'll assume that your bet is going to be red or black, even though you could easily bet even or odd, 1-18 or 19-36.
If you win, pocket your winnings and bet the same small amount. Alternately, you can leave the casino, although leaving with $2 instead of $1 isn't very satisfying. It does beat leaving with $0, however.
If you lose, double the amount you last wagered and place the bet on the same color again. In other words, if your losing bet was $1, you should now bet $2. If you bet on black, you should bet on black again.
If you win on the second bet, collect your winnings and place the original small bet or leave the casino. If you win, you've made just as much money by winning on your second bet as you would have had you won on your first.
If you lose again, double your bet and try again.
Repeat these steps until you either lose all of your money or you hit the table maximum. Remember that this is not a sure-fire way to win money, it is just a way to maximize your odds at the table with the worst odds (for the gambler) in the casino.
The Reverse Martingale Strategy
Know a bit about the reverse martingale strategy. The reverse martingale is increasing your bets when you win and decreasing your bets when you lose. The idea is that if you go on hot streaks, you'll increase your earnings, and if you hit a dry patch, you'll limit your losses.
Find a roulette table with a small minimum bet and a high maximum bet. Again, the strategy is basically the same as the martingale, except reversed.
Bet a small amount on black or red, even or odd, 1-18 or 19-36. For the sake of example, we'll assume you made a red or black bet.
Wait until you hit your color. If you keep losing, continue betting your very small amount.
When you've hit your color and won a bet, double the bet on the same color for the next spin.
If you win, continue doubling your bet. This is the amount that you might bet if you won 14 straight bets: 1 - 2 - 4 - 8 - 16 - 32 - 64 - 128 - 256 - 512 - 1024 - 2048 - 4096 - 8192
If you lose, move back down to your original bet. Using the reverse martingale can be risky if you lose. As soon as you lose, you've lost your entire earnings. To make the reverse martingale successful, then, you need to ride a streak of wins and quit before you lose.
The D'Alembert Strategy
Know a bit about the D'Alembert strategy. A bit safer than the martingale and reverse martingale strategies, the D'Alembert strategy involves ramping up and down by arithmetic factors instead of geometric factors. That means, instead of doubling your bet when you lose (i.e. martingale), you increase your bet by 1 when you lose using the D'Alembert strategy.
Pick a small starting bet and a color. Alternately, because the D'Alembert is an even chance betting system, you can also place a bet on even or odd number, as well as 1-18 or 19-36.
Increase your bets by one after a loss, and decrease them by one after a win. If you have as many wins as losses, using the D'Alembert will put you in the profit. For example, you started off with a bet of $5 on black. You lose, so you bet $6 on black. You lose again, so you bet $7 on black. You win, so you decrease your bet to $6. You win and you walk away. Using the above example, you won as many games as you lost and you came out with a profit: - 5 - 6 + 7 + 6 = +2.
Walk away when you've had at least as many wins as losses. If you're riding a losing streak, wait until your winning picks up and gets to your total number of losses. If you're riding a winning streak, keep playing until the total amount of wins equals your total amount of losses.
The Fibonacci Strategy
Know a bit about the Fibonacci strategy. Leonardo Pisano Bigollo, also known as Fibonacci, was a famous Italian mathematician who discovered an interesting sequence of numbers which are now named after him. The sequence goes as follows, with numbers generated by adding the last two digits together: 1 - 1 - 2 - 3 - 5 - 8 - 13 - 21 - 34 - 55 - 89 - 144 - 233 - 377 - 610. The Fibonacci strategy involves betting by adding the last two bets together. One advantage of this is that you can come out with a profit by losing more games than you've won. But one serious disadvantage is that the further you go down the sequence, the more money you lose. In other words, strike quit or get out of the way.
Start off with a small bet on either black or red. Alternately, because the Fibonacci strategy is an even chance betting system, you can also place a bet on even or odd number, as well as 1-18 or 19-36.
If you lose, keep going down the sequence. If you started off with a bet of $1 and lose, bet another $1. If you lose that, bet $2 — $1 + $1 = $2.
When you win, move back two bets in the sequence and bet that amount. Here's an example of how you might bet — including winning and losing bets — using the Fibonacci strategy: Bet black, $3 — lose Bet black, $3 — lose Bet black, $6 — lose Bet black, $9 — lose Bet black, $15 — win Bet black, $6 — lose Bet black, $9 — win Bet black, $3 — win Bet black, $3 — win - 3 - 3 - 6 - 9 + 15 - 6 + 9 + 3 +3 = +3 You lost five bet and only won four, but you're still ahead +3.
The James Bond Strategy
Know a bit about the James Bond strategy. Ian Fleming, the famous author of the James Bond series, claimed that his "foolproof" system could get you the “price of a good dinner” if you used it every night. To use the James Bond strategy, you need at least $200. You're going to be making what's called a column bet.
Place $140 on high numbers (19-36).
Place $50 on six numbers 13-18.
Place $10 on 0 for insurance.
Know the possible outcomes. If you're unlucky and any number between 1 and 12 pockets, you've lost your money and should begin employing the martingale strategy (see above). But otherwise, you've gained a handsome profit: If 19-36 pockets, you've won $80 If 13-18 pockets, you've won $100 If 0 pockets, you've won $160
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