Roulette might be one of the simpler casino games, but there’s still a lot to think about before the ball starts spinning around the wheel. While bets and systems are often the most studied aspects of the game, player bankroll in roulette should never be overlooked.
Gambling can be incredibly good fun, but it must be approached responsibly at all times. If you’re offering players exciting products such as live roulette, it’s important that they are able to manage their finances accordingly and ensure they are never spending beyond their means. Read on to check out our top tips for how players can manage their bankroll in roulette.
What is Bankroll?
Before we get into our guide for managing bankroll in roulette, first it’s important to clarify exactly what we mean when we talk about bankroll. To put it simply, bankroll means funds that have been set aside solely for gambling purposes. In this guide, we’ll be talking about bankroll in roulette, but players can also have bankroll for things like blackjack, poker, and live slots.
Having a bankroll is important. It acts as a distinction between funds used for entertainment, gambling in this instance, and finances that need to be used for other things. This distinction is a fundamental cornerstone of a responsible gambling approach, it helps players separate the gambling world from their real-world responsibilities.
On average, UK players spend £2.90 a week on gambling. This doesn’t seem like much, but without effective bankroll management spending can quickly spiral out of control. Protecting vulnerable players is a top priority for operators, so you must do what you can to promote responsible gambling practices.
Provide Play and Spending Insights
Players on your live casino platform will be enjoying themselves. They’ll be placing bets, keeping a close eye on the games, and socialising with other players and dealers. Often, it can be difficult for them to keep track of their activity when they’re in the middle of a playing session, which is why it’s so important that operators offer players detailed history and spending insights.
Provide your players with reports that detail how long they’ve spent playing games on your platform and, more importantly, how much money they’ve spent. With this information, players can assess their gambling expenditures and establish personal budgets, a key element for effectively managing bankroll in roulette.
Allow for Self-Imposed Limits
The most important part of managing bankroll in roulette is setting limits. Loss limits can be put in place to ensure players don’t burn through their entire bankroll in one session.
As an operator, it is your responsibility to ensure that players are protected at all times. One of the best ways to do so is to offer your players the option to set-self imposed limits. Once a player reaches their limit, they will be notified and can stop their session to prevent any financial damage. This will give players a security net to protect them and will encourage them to manage their money more carefully.
Offer Alternative Payment Options
One of the most effective strategies that players can use to manage bankroll in roulette is to set up a separate account or wallet to store gambling funds in. With the power of modern technology, this can be done easily, digital wallets can be set up in a matter of minutes and used to store roulette bankroll.
As an operator, you should offer a variety of different payment and deposit options to encourage players to adopt this approach. Ensure your platform is equipped to accept payments from e-wallets and other modern payment methods, as these are often used by players to store gambling bankroll.
Think About Different Players
Not every player is the same. This means that operators must have different systems in place to offer support and protection for players, whether they be casual players or regular visitors.
For casual players, allowing for session-by-session loss and win limit setting is the best way to help them manage bankroll in roulette. Whenever they exceed either of these thresholds, they can leave the game to prevent further losses.
For more serious players who play roulette more regularly, a more comprehensive bankroll management approach is required. In this case, a monthly management strategy may be more suitable. This can be used as a framework that allows players to manage their bankroll over a longer period of time. Allow them to set a monthly loss limit, which means they cannot play again for the remainder of that month once the limit has been reached. Give them the option to break down this monthly strategy into individual playing sessions too but ensure these adhere to the overall monthly limit.
Responsible gambling is increasingly important and affects players and operators alike. Use this guide to learn how to manage player bankroll in roulette and ensure your players are never spending beyond their means.