When it comes to roulette strategies it's safe to say that the Insurance Roulette Strategy is the new kid on the block. This progression based gambling method requires players to place two separate bets when spinning the roulette wheel, unlike other roulette strategies such as the Martingale where punters would only place a single bet.
Let's look further into the Insurance strategy, see if it works, and is it worth using it.
HOW DOES THE INSURANCE ROULETTE STRATEGY WORK?
TWO BETS NEED TO BE PLACED WHEN USING THE INSURANCE ROULETTE STRATEGY
Putting the Insurance Roulette Strategy into practice is very easy, and as methods go this is one of the simplest there is to follow and execute. Players are required to place two bets on each spin of the wheel, the first bet needs to be on either the 1st 12, or the 3rd 12, and the insurance policy bet which is the 2nd bet, needs to be placed on either 1-18 ( if your 1st bet was on the 1st 12 ) or 19-36 ( if your first bet was on the 3rd 12 ) and be double the amount of the 1st bet that you placed.
So your bet would look like one of the following examples:
1st bet - €5 staked on 1-12
2nd bet - €10 staked on 1-18
1st bet - €5 staked on 25-36
2nd bet - €10 staked on 19-36
To show how this strategy plays out we will say that I have decided to bet the €5 on 1-12 and €10 on 1-18. There are 3 possible outcomes which I'll cover by showing 3 different results below.
Spin 1 - €15 staked - winning number 14 = €20 won - €5 profit
Spin 2 - €15 staked - winning number - 35 = €0 won - €15 loss
spin 3 - €15 staked - winning number - 4 = €35 won = €20 profit
THE BESTS NEED TO BE INCREASED WHEN YOU HIT A LOSING SPIN ON THE INSURANCE ROULETTE STRATEGY
From the results we can see that any number up to 12 will mean that both bets placed will be successful and bring in a return over double the initial stake. Any number between 13 and 18 will also be a winner and return a small profit. All numbers over 18 will be a losing spin and that is where the next part of the strategy comes in to play.
After a loss you again place the same bets, but this time you double the amount, so 1-12 would now have €10 staked on it, and 1-18 would now have €20 staked on it. For this strategy to really pay off you need a number to land that spans across both of your bets, if you only win on the 13-18 bet then it can still leave you with quite a deficit depending on how far into a losing streak you are. Lets look at an example of this from my initial bet, but this time I'll have hit 4 losing spins and then a win on the 5th.
Bet 1 - €5 staked on 1-12, €10 staked on 1-18 = €15 staked.(€15 overall loss)
Bet 2 - €10 staked on 1-12, €20 staked on 1-18 = €30 staked.(€45 overall loss)
Bet 3 - €20 staked on 1-12, €40 staked on 1-18 = €60 staked.(€105 overall loss)
Bet 4 - €40 staked on 1-12, €80 staked on 1-18 = €120 staked.(€225 overall loss)
Bet 5 - €80 staked on 1-12, €160 staked on 1-18 = €240 staked.(€465 stake total)
So lets again as in previous example say that number has 14 won, this would pay me a return of €320, so I would still be at a loss of €145. If number 4 were again to land then both bets would win and I would receive back €560, giving me a profit of €95, I would start the process again from bet 1.
Hitting the €320 win has given me a good chunk of my staked cash so far back, so I would then place the bet again. Hitting €320 again would enable me to start the process over from bet1, and hitting the €560 win would give me a massive profit.
is it worth using the insurance roulette strategy?
As with any progression based roulette method there is always going to be an amount of risk involved at some stage. From my examples you can see that starting out at just a €15 stake can lead to you needing a bankroll of nearly €500 if you hit 5 losing spins in a row, the up side to this method is that if luck is on your side then you can win some big amounts of money very quickly.
There are obvious similarities to the Martingale strategy by which you have to double the amount that you bet after every losing spin, but unlike the Martingale that will only pay you a small return when you do finally win, the Insurance strategy gives you the possibility of winning quite a lot more.
This is however all conjecture and as I always say there are no fool proof methods to beat roulette, the house edge will inevitably catch up with you at some point and you will lose. If you do try the Insurance Roulette Strategy or any other method and you do find yourself in profit, then I would recommend that you cash out and come back to play another day.