The All-in Roulette Bet – Is it a Good Idea?
Two of the most fascinating stories in casino gaming history belong to Englishmen Chris Boyd and Ashley Revell. The reason why these men are so intriguing is because they both wagered their life on roulette games and won. In Boyd’s case, he won a $220,000 bet at Binion’s Horseshoe Casino after diligently saving for over three years. As for Revell, he basically sold everything he owned, which amounted to $135k, and put this entire amount towards a winning bet.
Obviously these are extreme examples of making an all-or-nothing wager in roulette. But it definitely has to make players wonder if they’d be better off risking their whole bankroll on one bet – rather than slowly trying to win profits over an extended amount of time. That said, let’s closely examine the all-in betting strategy in roulette games and determine if it has any validity.
Thrill of the Moment
Most people who play online roulette or visit land-based casinos are doing so for entertainment purposes. Sure there is the underlying desire to win money, but this is just part of the overall gaming experience. Taking this into account, it’s hard to see most players getting fulfillment out of wagering their entire bankroll on just one spin.
Assuming you had a $1,000 bankroll and decided to bet the whole thing on one spin, you’d either be $1k richer or out of a bankroll. To most people, this is no way to play online roulette because they’d rather spend more time on the wheel than risk everything on a single thrilling moment. Going further, you could entertain yourself a lot longer with a $1k bankroll by making $10 wagers on every spin.
Most people understand that they’re at a slight disadvantage to casinos when they play online roulette. For example, the house holds a 2.70% edge in European roulette and a 1.35% edge in French roulette. Obviously these casino advantages aren’t enough to make a huge impact on one spin, but they become much more noticeable when you spend lots of time with roulette games.
So the best argument for making an all-in wager in roulette has always been that you cut down your exposure to the house edge. To illustrate this point, let’s say you make 1,000 spins worth $10 each on a French roulette game. With the 1.35% house edge in effect, there’s a good chance that you’d eventually lose some money over this time period.
On the other hand, let’s assume you play online roulette and wager $1,000 on a single spin. The 1.35% house edge is still there, but it’s almost like you’re flipping a coin against the casino. And for those who are solely about making money with roulette games, this can be an attractive prospect.
One more point worth making here is that those who are short on time – but still want to win money – can get the most out of their time by placing a maximum wager. Sure it’s risky, but an all-in bet beats having to make dozens or even hundreds of spins in hopes of making profits.
While minimizing your exposure to the house edge is a solid reason for putting everything into one roulette wager, there is something else to ponder here. Assuming you bet your entire bankroll on one roulette spin and lost, you have to consider that you’d be tempted to play online roulette in the near future to win your money back. Sure you might initially be dejected and not ready to see the roulette wheel any time soon. However, you could quickly reload your bankroll with money that you can’t afford to lose. And betting with money you can’t afford to lose is the cardinal sin of gaming!