An effective roulette strategy requires three things: the right roulette wheel, the right bets, and a great money management plan.

Roulette is a classic game that involves betting on where a single ball will land on a spinning wheel. Although it seems simple enough, many of the bets in roulette are quite complex, requiring quite a bit of thought and money management. Implementing a roulette strategy can help you mitigate your losses and possibly even walk away a winner.

First Things First: Choose the Right Wheel

You'll find two different types of roulette wheels in most online casinos: American and European. There are only slight differences between the two, but the European roulette wheel should always be your choice. There is only one green zero on the European wheel, which improves your odds of winning. The two green zeroes on the American wheel - 0 and 00 - mean that there are more chances to lose your bet.

Choosing a Betting Strategy

After finding a European roulette wheel, the first thing you need to do is determine how you want to bet. There are several different ways you could go, but many of the money management strategies out there require that you place an "even-money" bet, or one in which a win returns the same amount of money you wagered. There are three ways to do this in roulette. You could wager on red or black, odd or even, and the first half or the second half of numbers.

Choosing a Money Management Strategy

Finally, you'll need to choose a money management strategy to help you manage your bankroll as you go. One of the most infamous roulette strategies is the Martingale strategy, which is simple enough to understand. In essence, you'll double your bet after any loss on an even-money bet, and you'll keep doing so until you win. After a win, you'll revert back to the initial bet. Bear in mind that this can become problematic for some casinos, and this is particularly true for those who have very narrow betting limits. If you start out with a bet of $5 and lose five times in a row, your bet skyrockets to $80, which may exceed the table limit.

All in all, the best way to come out ahead when you play roulette involves finding a European wheel, choosing the right betting strategy, and managing your money effectively. Roulette strategy is not difficult at all, and at the very least, it can help you mitigate your losses.