No other gambling game has spawned as many betting strategies as roulette. This is +despite the fact that no betting strategy gives any advantage based on mathematical probabilities. Yet beginners inevitably gravitate to roulette betting strategies therefore the more common ones are discussed below.

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The Roulette doubling strategy is the most common and works on the even money bets. For example the player bets on red and doubles his wager after every loss. Eventually when a red number is called the player will recover his losses and win an amount equal to his original bet. At first instance this seems like a sure shot way of winning but on further examination holes appear in this roulette betting strategy. If the player makes the first bet of $10 and loses six consecutive times, he will have wagered $630. He will have to then wager $640 making his total outlay $1270. If he wins on the seventh bet he will win only $10. This strategy was tried by players who had huge bankrolls and could start with large initial wagers. However today most casinos put a cap on the amount that can be wagered thus effectively killing this roulette betting strategy.

The Martinez roulette betting strategy is simple and provides a lot of fun. The player divides his bankroll into 35 sections and bets one section on a chosen number till the number is called or till he loses his bankroll after the 35th turn. Suppose the bankroll is $35. The player bets $1 on the number 18 every time. In the tenth bet the number 18 is called. The player wins $35, an amount equal to his bankroll, and has $25 left over to splurge. Mathematically the Martinez roulette betting strategy does not offer any advantage. It is just that if the number is called early the player is left with splurge money and the system automatically incorporates a stop loss.

The third roulette betting strategy is commonly known as “The First and Third Column Strategy”. The strategy is based on the fact that the red and black numbers are not uniformly spread in the three columns. The middle column has only 4 red numbers. Therefore wagering $1 on the first column, $1 on the third column and $1 on black the player covers 32 out of 36 numbers. If a red number in the first or third columns is called the player ends up quits, if a red number in the middle column is called he loses $3, if a black number in the middle column is called he loses $1, if a black number in the first or third columns is called he wins $2 and if '0' is called then he loses $3.