10 Best Online Casinos USA For Real Money [2024 List]



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Best Online Roulette Sites 2024

We dug deep into online casinos in 2024 to find the best real-money online casino roulette. We've ranked the best online roulette sites so you can play the popular casino game from your desktop or mobile device.

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Table Of Content
  • Best Michigan Online Roulette Sites
  • Best Casino Roulette Welcome Bonuses
  • Online Roulette Variations
  • Best Live Dealer Roulette Experience
  • Playing Online Roulette for Real Money
  • Online Roulette FAQ
  • The best online roulette sites in 2024

    1. BetMGM: Best online roulette site

    Without a doubt, BetMGM Online Casino is the "winner" when it comes to playing online roulette for real money. The site beats out all of its competition by offering over 20 roulette games across both regular table games and live dealer options. 

    Signing up for BetMGM also gets you a nice welcome bonus: $50 no-deposit bonus and a 100% first deposit match up to $2,500. Take advantage of this generous offer by using the promo code 'MGMLIVE'. You can use the bonuses on roulette if you choose. The offer comes with a 15x playthrough requirement, and table games only contribute 20% of your bet to that requirement. In other words, a $100 bet on roulette would only contribute $20 toward clearing your bonus. 

    2. DraftKings: A very close second

    DraftKings may only have over 15 roulette games compared to BetMGM's 20+, but it's still an amazing option for online roulette enthusiasts. DraftKings boasts a portfolio of exclusive roulette titles from its in-house team, including Basketball roulette and Touchdown roulette. Standard roulette games are available, too, making DraftKings Casino an easy top choice for roulette players. 

    3. BetRivers: Great for casual online roulette players

    BetRivers online casino earns the third slot on our list thanks to its variety of roulette games and commitment to the casual or new player. Seasoned gamblers have a place here, too, of course, but BetRivers is particularly friendly if you're new to the online gambling scene.  

    4. Golden Nugget: Play around the clock

    Golden Nugget online casino advertises four 24-hour live dealer roulette games. Play at any hour of the day in Golden Nugget's real money online roulette live dealer lobbies. There are 10+ roulette games offered at Golden Nugget.

    5. Stars Casino: Fun roulette variations

    Stars Casino has 10+ roulette games: Including fun themes and variants such as Mega Fire Blaze Roulette Live, PokerStars Roulette (an exclusive), and High Roller Roulette. 

    6. FanDuel: Seamless user experience

    FanDuel online casino only has nine online roulette games you can play for real money. However, it's an easy choice if you want a great user experience. Everything about FanDuel is fast and polished. 

    FanDuel gives you as a new user the chance to deposit $10 to get 50 bonus spins and up to $1000 back on your first deposit.

    7. Caesars Palace Online Casino: Another good all-arounder

    Caesars Palace Online Casino has a vast game roulette library that pales in comparison to some of its bigger competitors, but it makes up for it with a solid user experience and Caesars Rewards integration. 

    Which casino offers the best welcome bonus for roulette? Online casino  Welcome bonus Caesars Palace Online Casino 100% Up To $1,250 & $10 Sign-Up Bonus + 2500 Reward Credit with code SLMLIVECPO DraftKings 100% match up to $100 in casino credits FanDuel Deposit $10, Get 50 Bonus Spins & Get Up to $1000 Back Golden Nugget 1Play $5, Get $100 in Casino Credits  BetMGM 100% match up to $2,500 + $50 on the house Stars Choose your bonus of up to $600 BetRivers 100% of real money losses in first 24-hours back as 1x Bonus Money PointsBet N/A

    Popular online roulette variations

    American roulette

    American roulette is the most common form of the game at online casinos and on real casino floors. It's sometimes called "Double-zero" roulette because it has two green spaces: one with a single zero and another with two zeroes. 

    American Roulette typically has a return to player percentage (the theoretical amount of return you get as a player) of ~95%. 

    European roulette

    In European roulette, the numbers are in a different order on the wheel and there is only one green space instead of two. This slightly increases your odds of winning any bet on a specific number. 

    European roulette has a higher RTP than its American counterpart at around 97%.

    French roulette

    French Roulette is usually played on a European Roulette wheel with a few additional rules. One includes the "in jail" rule, in which a zero doesn't lose you your bet. Instead, it keeps your bet on the table (in jail) and the next spin settles your wager (if it's another zero, you lose). Sometimes the prison rule is switched with La Portage, in which a zero loses half your bet. 

    With jail or La Portage in play, French Roulette's RTOP is as high as 98.65%.

    Live dealer roulette

    Live dealer roulette is offered at most online casinos. A real dealer (or sometimes an automatic wheel) sends the real ball spinning, and it's live-streamed to your computer or phone. You can place bets using your device. Minimums and mechanics vary in live dealer roulette. 

    RTP on live dealer roulette varies by game type. 

    Which casino has the best live dealer roulette experience?
  • Every single online casino we mention on this page has live dealer roulette: For that reason, choosing the "best' comes down to player preference. 
  • For example: If you want to play at any hour, Golden Nugget is the choice for you. It has numerous 24-hour live dealer roulette lobbies. 
  • Prefer to bet very little on each spin? Try Sports Illustrated, which has low minimums in its live dealer roulette games. 
  • For a great overall experience, try our two top sites: BetMGM and DraftKings. Both have a strong variety of live dealer roulette games. 

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    How to start playing online roulette for real money?

    Once you're ready to join an online casino and play real money online roulette, here's how to get started. 

  • Choose an online casino (or multiple).
  • Create an account by providing the requested information and personal details.
  • Claim a bonus by entering the promo code (if applicable).
  • Make a deposit.
  • Find your preferred roulette game and open it. 
  • Place your bet and wait for the ball to land. 
  • Repeat!
  • You might want to consider signing up for multiple online casinos: There's no rule against it; in fact, it's to your advantage as a player. You can claim each site's welcome offer and enjoy a wider variety of games. 

    Online roulette FAQ Which site has the most online roulette games?

    BetMGM has the best selection of online roulette games. There are 22 different roulette titles available at the online casino. DraftKings Casino comes in a close second with 19 roulette games you can play online. 

    Can players really win real money playing online roulette?

    Yes. In Michigan, online casinos with roulette are completely legal, as long as the provider is properly approved and licensed. This means you can absolutely win real money playing roulette online. Remember to bet responsibly and set personal limits. 

    Is roulette a fair game?

    Yes. Roulette is a fair game. Remember that the house (the online casino) always has an advantage. Still, the spin of a roulette wheel is fair and balanced. Roulette has one of the lowest house edges of any online casino game. 

    What is the best online roulette site?

    BetMGM is our top recommended online casino site for playing roulette. It has the highest number of roulette games, and its welcome bonus gets you up to $2,550. That said, we recommend signing up for more than one site to take full advantage of bonus offers and each online casino's game library. 

    What is the minimum bet I can make when playing online real-money roulette?

    It varies. Sports Illustrated online casino, for example, allows for bets as low as $0.10. Some sites even offer penny roulette. Check with your preferred online casino for the minimums. 


    Best Roulette Sites: Play Online Roulette For Real Money In 2024

    This guide will help you find the best roulette betting site or mobile app for your needs. We have provided reviews of the top online roulette gambling sites, allowing you to make an informed decision. Our guide also breaks down the different roulette variants, highlights great bonuses and explains how to create an account with real money online casinos that offer online roulette. Keep reading to learn more about your options at the top roulette betting sites.

    Best Real Money Roulette Apps Casino Roulette App Pros 📱BetMGM 🌟 Best Roulette Site Overall 📱Caesars 🌟 Great Roulette Site for High Rollers 📱FanDuel 🌟 Best Mobile App for Roulette Players 📱BetRivers 🌟 Regular Promos for Online Roulette Players

    Visit BetMGM.Com for Terms. Must be 21+. MI, NJ, PA or WV only. Excludes Michigan Disassociated Persons. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable site credit, unless otherwise provided in the applicable Terms. Please Gamble Responsibly. Gambling Problem? 1-800-270-7117 for confidential help (MI), 1-800-GAMBLER (NJ, PA & WV).

    Best Online Roulette Sites
  • 🖥️ BetMGM – Best Roulette Site Overall
  • 🖥️ Caesars – Great Roulette Site for High Rollers
  • 🖥️ FanDuel – Best Mobile App for Roulette Players
  • 🖥️ BetRivers – Regular Promos for Online Roulette Players
  • We have signed up for accounts with every online casino roulette gambling site that holds a license to operate in the United States. 

    Our experts made deposits, claimed promos, played a range of different roulette games and requested payouts. They made detailed notes throughout the process, and we were then able to whittle the field down to the five best online betting sites for roulette.

    1. BetMGM – Best Roulette Site Overall

    BetMGM is the country's most popular online casino. It was created as a joint venture between Nevada-based casino operator MGM Resorts International and a European gaming giant named Entain, which owns the PartyCasino and PartyPoker brands.

    BetMGM owes a great deal of its success to its immense range of slots – which includes an exclusive network of high-paying progressive jackpot games – but it also excels when it comes to table games.

    There are around 20 different roulette games at BetMGM – the range differs slightly depending on which state you are in – including American, European and French roulette. There are also options such as First Person Lightning Roulette, Blazing 7s Roulette, the exclusive BetMGM Roulette Pro and much more.

    The BetMGM Casino bonus code TODAY1000 will earn new customers a 100% deposit match of up to $1,000, plus $25 on the house, which will bolster your bankroll before you start playing at the best roulette betting site on the market.

    Visit BetMGM.Com for Terms. Must be 21+. MI, NJ, PA or WV only. Excludes Michigan Disassociated Persons. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable site credit, unless otherwise provided in the applicable Terms. Please Gamble Responsibly. Gambling Problem? 1-800-270-7117 for confidential help (MI), 1-800-GAMBLER (NJ, PA & WV).

    2. Caesars Palace Online Casino – Great Roulette Site for High Rollers

    Caesars Palace Online Casino is a great option for high rollers seeking online roulette while simultaneously being one of the top live dealer casinos. You can wager up to $100,000 on a single spin of the wheel on one of its roulette games. High-stakes bettors will also rack up a huge volume of Caesars Reward Credits and Tier Credits, earning you great perks online and at land-based casinos. Yet this is also one of the best roulette sites online for casual players, as you can wager just $0.10 per spin if you like.

    The Caesars Palace Online Casino promo code USATODAY2500 provides a 100% sign-up bonus worth up to $2,500. 

    Caesars Palace Online Casino offers a simpler and more stripped-back experience than BetMGM, with a smaller range of games, but the website and the mobile app are quick and user-friendly, and the customer service is excellent.

    Must be 21+ to participate. Terms Apply.

    3. FanDuel – Best Mobile App for Roulette Players

    FanDuel is renowned as No. 1 among best online sportsbooks in America. It also offers DFS contests, a racebook and a TV network, so it is fast growing into a gambling and entertainment empire.

    In 2018, Flutter Entertainment – the world's largest online gambling business – purchased FanDuel. Flutter owns a wide range of brands, including PokerStars and Stars Casino, so it has a wealth of experience in running online casinos and the best poker apps.

    It has equipped FanDuel with a slick, user-friendly mobile casino app. This mobile app is very reliable, and it has earned strong average user ratings on Google Play and the App Store.

    FanDuel offers a similar range of games to Caesars in Michigan, New Jersey, Pennsylvania and West Virginia. It also powers the Mohegan Sun online casino in Connecticut.

    New customers will be given a rebate of up to $1,000 on any losses from their first 24 hours with the FanDuel Casino bonus code offer. The rebate is paid in bonus credits, with a 1x playthrough requirement.

    Must be 21+ to participate. Terms Apply.

    4. BetRivers – Regular Promos for Online Roulette Players

    BetRivers is an online casino with a very strong range of slots and table games. There are lots of classic roulette options available, along with Platinum Roulette, Space Invaders Roulette, 100/1 Roulette and more. You can also play live dealer roulette, along with Lightning Roulette and Dream Catcher, a game show with a similar format to roulette.

    The BetRivers Casino promo code provides all new customers with a 100% sign-up bonus worth up to $250. However, it cannot be used on roulette, craps or baccarat, so you will need to use it on slots, video poker or alternative table games. There are recurring promos too, and you will earn points for the iRush Rewards program.

    This loyalty program is named after parent company Rush Street Interactive, which owns the Rivers Casino venues in Pittsburgh, Philadelphia, Upstate New York and Illinois. Its automated payment system, RushPay, processes most payout requests instantly, so it is the best online roulette site USA for quick payouts.

    How to Get Started at The Best Roulette Casino Sites

    The best online roulette site providers make it quick and easy for you to create an account. Just click the link next to one of the best roulette sites featured on this page to visit the online casino today. That will ensure you qualify for the best welcome bonus. You can then follow these simple steps to get started:

  • ✅ Sign up for a new account: The sign-up form will ask for some personal details and contact information. Type in your first name, last name, date of birth, residential address, phone number, email address and the final four digits of your Social Security number. You will also need to set up a password, and potentially a username too, before agreeing to the terms and conditions and submitting the form.
  • ✅ Verify your email: Most roulette sites will send an email to your inbox, and you will need to click the link within it to verify your address. The best site to play roulette online will try to verify your identity automatically, using the personal info you provided. If it cannot do so, you must upload scans of the identifying documents it requests, such as a recent bill and your driver's license, to validate your account.
  • ✅ Log in and claim your offer: You can then make your first online casino deposit and claim your welcome offer. Either stay on the website to make the deposit or download the app and log in using your password. Visit the cashier, choose your preferred payment method, enter an amount and provide details.
  • ✅ Play roulette online: Deposits are instant at the best roulette betting site operators. The bonus funds will be released when you make the deposit. You can then head to the "Table Games" or the "Roulette" section to find an online roulette game to play.
  • Must be 21+ to participate. Terms Apply.

    How We Ranked the Best Online Roulette Sites

    We focused on five key categories when reviewing online roulette casinos, which are laid out below. The best online betting sites for roulette that we have featured on this page excelled in these categories:

  • Bonuses & Promotions: The best roulette sites online offer new customers a large sign-up bonus – typically a large deposit match offer, a no deposit bonus or a combination of the two. They impose realistic rollover requirements on their bonuses, giving you a strong chance of cashing out a profit. You can also benefit from recurring, weekly promotions and the best online roulette gambling sites.
  • Games & Variety: We look for online roulette gambling sites that offer a broad variety of high-quality games from several different suppliers. That should include European roulette, also known as single zero roulette, and preferably French roulette too. The best online roulette site USA will also offer fun variants like 100/1 Roulette, plus live dealer roulette games.
  • Payments & Withdrawals: The best online roulette sites offer their customers several convenient, secure, free payment methods, including credit and debit cards, branded prepaid cards, VIP Preferred e-checks, online bank transfers, wire transfers, PayNearMe, PayPal, Skrill, Venmo and cash at the cage. They also offer same-day or next-day withdrawals via lots of different options. All payouts should be free, with wide enough deposit and withdrawal limits to suit all a range of budgets.
  • Support & Security: The best online roulette gambling sites USA offer 24/7 customer support via live chat or email. Some top roulette sites offer phone support too. The agents are quick to respond, friendly and knowledgeable, allowing them to offer clear and helpful advice. Security is also important, so we only recommend roulette online casinos that are licensed, regulated and legit, offering powerful encryption tools and firewalls to keep players safe.
  • Ease of Use & Navigation: It should be quick and easy to find your favorite roulette games at an online casino. The best online roulette gambling sites will allow you to search for roulette games, and they also group them together in specific sections of the online casino lobby. You can also use filter tools and ranking tools at the best online betting sites for roulette, allowing you to quickly find roulette games that suit your budget.
  • Must be 21+ to participate. Terms Apply.

    Guide to Playing at Online Roulette Sites

    This section rounds up some of the most common questions we receive from readers that want to play online roulette. 

    We will explain the difference between virtual roulette and live dealer roulette, why you can trust the best online roulette gambling sites and how to boost your chances of earning a profit.

    How Do Live Dealer Roulette Games Work?

    You have two clear options when playing roulette at an online casino: virtual roulette or live dealer roulette. Virtual roulette is controlled by a Random Number Generator, which dictates the result each time you spin the wheel. That is not necessary when you play online roulette with a live dealer, as he or she will spin the wheel for you.

    The dealers are based in dedicated studios in Michigan, New Jersey, Pennsylvania and West Virginia. Evolution Gaming is the leading supplier of live casino games, and it has studios in all four states. You will be connected with a croupier via a video link, and you can chat to the dealer while playing.

    Tap or click the screen to place your bets, and the dealer will let you know when it is time to spin the wheel. You can then watch the ivory ball roll across the wheel until it finally nestles into a pocket. If you win, that will be reflected in your balance. Alongside classic roulette games, you can play variants like Lightning Roulette, which offer bonus features and provide added theater.

    What Is The Benefit of Playing Online Roulette?

    The roulette wheel has been a popular attraction at land-based casinos ever since it was introduced in Monte Carlo in the 1860s. You can play roulette at brick-and-mortar casinos in several states, but it is not particularly convenient. Players will need to drive to the casino, order an Uber or use public transport, which costs money and is time-consuming.

    It is a lot quicker and more convenient to simply play roulette online. You can start playing instantly via your desktop, laptop or mobile device, at any time of day or night. There is no need to wait for a seat at a table to become available. You will generally find broader betting limits and more variants online too.

    Finally, the best online roulette sites offer large sign-up bonuses and a variety of recurring bonuses. They can reduce the house edge on roulette games. That is not the case at land-based casinos. You can enjoy a more social experience at a brick-and-mortar casino, but the best roulette betting sites offer live dealer games to add that element to proceedings.

    Visit BetMGM.Com for Terms. Must be 21+. MI, NJ, PA or WV only. Excludes Michigan Disassociated Persons. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable site credit, unless otherwise provided in the applicable Terms. Please Gamble Responsibly. Gambling Problem? 1-800-270-7117 for confidential help (MI), 1-800-GAMBLER (NJ, PA & WV).

    Are Online Roulette Sites Trustworthy?

    Licensed, regulated online roulette gambling sites are 100% trustworthy. It is important to only play at the best online casinos that are regulated by your local licensing authority – the Michigan Gaming Control Board, the New Jersey Division of Gaming Enforcement, the Pennsylvania Gaming Control Board or the West Virginia Lottery.

    Licensed operators are regularly examined by independent agencies to ensure their roulette games provide fair and fully random results. The examiners make sure that the results are in line with the stated RTP of each game. The testing is conducted at random, so the online casinos cannot prepare for it.

    You are also covered by consumer protection laws when playing at licensed Michigan online casinos, NJ online casinos, PA online casinos and WV online casinos. They always pay out when you win, and they work hard to keep you safe when you play online roulette.

    Are Roulette Games Profitable?

    Each roulette game has a Return to Player (RTP) rate, which highlights the theoretical, average return it will provide in the long-term. It is always less than 100%, as the casino needs to take a house edge in order to earn a profit and cover its overheads.

    You can boost your chances of earning a profit by choosing roulette games with the highest RTP rates. You can then further reduce the house edge by claiming bonuses and earning loyalty points. Some players will win and others will lose, but roulette games can be profitable if you quit when you are ahead.

    Some players also like to pursue roulette strategies, which dictate how much you should wager on each spin. There are positive progression strategies such as the Paroli and the 1-3-2-6 systems and negative progression strategies, such as the Martingale, D'Alembert and Labouchere.

    These strategies apply to 50/50 side bets, such as red/black and odd/even, and they can also be used on other games at casino apps and websites.

    Must be 21+ to participate. Terms Apply.

    Top Online Roulette Site Games

    The best online roulette gambling sites offer a wide selection of variants. The three main options are American, European and French.

  • 🎲 American Roulette: All roulette wheels feature a zero pocket, which hands the casino a house edge. For example, you will receive a 1:1 payout on a red or black bet, but the chances of the ball landing on either red or black are less than 50/50, as the zero pocket is green. American roulette increases the house edge, as it has a single zero and a double zero pocket. That gives it an RTP of 94.74%, which is lower than most games at the best slot sites.
  • 🎲 European Roulette: European roulette is generally a better option than American roulette, as it only has a single zero. That results in a house edge of 2.7%, giving European roulette an RTP of 97.3%. It is sometimes referred to as single zero roulette, whereas you may see American roulette referred to as double zero roulette.
  • 🎲 French Roulette: French roulette has the highest RTP, as a rule called la partage earns you a 50% rebate when the ball lands on the single zero pocket. It gives French roulette an RTP of 98.65%. This variant is not always available, but the best roulette betting site in your state will offer French roulette.
  • 🎲 Live Dealer Roulette: The best roulette betting sites also offer live dealer tables, typically featuring American and European variants. There is no need to rely on Random Number Generators, as the croupier in the studio handles the action. You can chat to the dealer during the gameplay.
  • You may notice that the best site to play roulette online offers classic roulette games from multiple software providers. The mechanics are the same, but they have different graphics and animations.

    There are also lots of fun variants on offer, which bring additional side bets, bonus features or themes into the mix. Examples include Double Bonus Spin Roulette, 100/1 Roulette and Space Invaders Roulette. Some sites offer branded online roulette games too.

    Click on the information icon before playing, and it will highlight the bets you can place and the payout rates. The best casino roulette app will allow you to play for free in demo mode too, allowing you to learn the ropes and try out progression strategies before playing with real money.

    Visit BetMGM.Com for Terms. Must be 21+. MI, NJ, PA or WV only. Excludes Michigan Disassociated Persons. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable site credit, unless otherwise provided in the applicable Terms. Please Gamble Responsibly. Gambling Problem? 1-800-270-7117 for confidential help (MI), 1-800-GAMBLER (NJ, PA & WV).

    Must be 21+ to participate. Terms Apply.

    Closing Thoughts on The Best Roulette Sites

    The best roulette sites offer high RTP variants and great bonuses, which improves your chances of earning a profit. They make it quick and easy for you to find roulette games, and they allow you to play for free in demo mode or for real money.

    We recommend signing up with multiple online roulette sites. That will earn you the best welcome bonuses in your state, and you can also quickly pounce on any exciting, short-term promos that a real money roulette site launches for existing customers. Just click the button next to one of the roulette sites we have highlighted to redeem the best promo code today.

    Best Roulette Sites FAQs

    Can Online Roulette Be Trusted?

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    Licensed, regulated roulette sites such as the ones recommended here are trustworthy and not rigged. Their roulette games are regularly tested by external examiners to ensure they deliver fair, random results in line with the stated RTP (Return to Player) rate. The testing is conducted on a random basis, so there is no way for the roulette online casinos to rig the system.It is important to stick to top roulette sites that fall under the jurisdiction of licensing bodies such as the New Jersey Division of Gaming Enforcement, the Pennsylvania Gaming Control Board, the Michigan Gaming Control Board and the West Virginia Lottery.

    Where Can I Play Roulette Online and Win Real Money?

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    BetMGM is the online casino roulette gambling site with the best games. It features American, European and French roulette, plus variants such as 25c Roulette, Black & Yellow Roulette and First Person Lightning Roulette. There are also sport-themed games, like Detroit Lions Roulette for Michiganders.BetRivers, Caesars and FanDuel are also among the best online betting sites for roulette. To find the best roulette betting site for your requirements, checking out our reviews of the best online roulette gambling sites USA and pick one that appeals.

    Which Online Roulette Is Best?

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    We rate BetMGM as the best option for anyone interested in playing online roulette for real money. It offers around 20 different roulette games, including virtual roulette and live dealer roulette. You can play French, European or American variants, plus fun options such as Double Bonus Spin Roulette and First Person Lightning Roulette.Our guide rounds up the best online roulette casinos. BetMGM finished top of the list, but it also highlights Caesars Palace Online Casino, FanDuel Casino and BetRivers, which are all high-quality online roulette sites. Check out our reviews to decide on the best online roulette site USA for your needs.

    What Makes A Roulette Site Worth Playing?

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    The best site to play roulette online will offer a wide range of high-quality virtual roulette and live dealer games. You should find the high RTP French roulette variant, along with some exciting roulette games with novel bonus features. Players can try out free roulette games in demo mode before playing roulette for real money.The best online roulette gambling sites USA will offer a simple, user-friendly layout, making it easy for you to find roulette games. The best site to play roulette online will also offer large online casino bonuses, 24/7 support and quick, dependable payouts.

    What Is The Best Place to Play Online Roulette?

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    BetMGM is the best online casino roulette gambling site in Michigan, New Jersey, Pennsylvania and West Virginia. It offers lots of different variants for anyone who likes to play roulette online.The other state with legal online roulette casinos is Connecticut. BetMGM is unavailable there, so the FanDuel-powered Mohegan Sun online casino would be a good option.

    What are The Most Popular Roulette Games?

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    American roulette and European roulette are the most popular versions at the best online roulette gambling sites USA players can access. We would recommend choosing European roulette, as it only features a single zero on the wheel. American roulette games at online roulette gambling sites feature a single zero and a double zero, resulting in a lower RTP rate.Ideally, you should seek out French roulette at the best online roulette sites. It is not always available at an online casino roulette gambling site, but the best roulette sites online offer it. French roulette has an even higher RTP rate than European roulette, as you get a 50% refund if the ball lands on the zero.


    Forex Trading The Martingale Way

    Would you be interested in a trading strategy that is virtually 100% profitable? Amazingly, such an approach exists and dates back to the 18th century. The martingale strategy is based on probability theory. If your pockets are deep enough, it has a near 100% success rate.

    The martingale strategy was most commonly practiced in the Las Vegas casinos. It is the main reason why casinos now have betting minimums and maximums. The problem with this strategy is that you need a significant supply of money to achieve 100% profitability. In some cases, your pockets must be infinitely deep.

    A martingale strategy relies on the theory of mean reversion. Without a plentiful supply of money to obtain positive results, some trades will be missed, and that can bankrupt the entire account.

    In fact, the risk is far higher than the potential gain. Still, there are ways to improve the martingale strategy that can boost your chances of succeeding.

    Key Takeaways
  • The martingale strategy requires doubling down on every losing bet.
  • Only one win is needed to recoup all of the previous losses.
  • Guaranteeing a win requires virtually infinite resources.
  • Some forex traders use the martingale because it lowers the average entry price.
  • What Is the Martingale Strategy? The martingale was introduced by French mathematician Paul Pierre Levy and became popular in the 18th century. The martingale was originally a betting strategy based on the premise of "doubling down." The 20th-century American mathematician Joseph Leo Doob continued work on the martingale strategy. However, he sought to disprove the possibility of a 100% profitable betting strategy. How It Works The system's mechanics involve an initial bet that is doubled each time the bet becomes a loser. Given enough time, one winning trade will make up all of the previous losses. The 0 and 00 on the roulette wheel were introduced to break the martingale's mechanics by giving the game more possible outcomes. The long-run expected profit from using the martingale strategy in roulette turned negative, discouraging players from using it. To illustrate the mechanics, suppose we had a coin and engaged in a game of heads or tails with a starting wager of $1. There is an equal probability that the coin will land on heads or tails. Each flip is an independent random variable, which means that the previous flip does not impact the next flip. If you doubled your bet every time you lost, you would eventually win and regain all of your losses, plus $1. The strategy is based on the premise that only one trade is needed to turn your account around. Examples of the Martingale Strategy in Action Your Bet Wager Flip Results Profit/Loss Account Equity Heads $ 1 Heads $ 1 $11 Heads $ 1 Tails $ (1) $10 Heads $ 2 Tails $ (2) $8 Heads $ 4 Heads $ 4 $12 Assume that you have $10 to wager, starting with the first wager of $1. You bet on heads, the coin flips that way, and you win $1, bringing your equity up to $11. Each time you are successful, you continue to bet the same $1 until you lose. The next flip is a loser, and you bring your account equity back to $10. On the following bet, you wager $2 to recoup your previous loss and bring your net profit from $0 to $2. Unfortunately, it lands on tails again. You lose another $2, bringing your total equity down to $8. Pursuing the martingale strategy, you double your wager to $4 on the next bet. Thankfully, you hit a winner and gain $4. That brings your total equity up to $12. All you needed was one winner to get back all of your previous losses. However, let's consider what happens when you hit a losing streak: Your Bet Wager Flip Results Profit/Loss Account Equity Heads $1 Tails $ (1) $9 Heads $2 Tails $ (2) $7 Heads $4 Tails $ (4) $3 Heads $3 Tails $ (3) ZERO You once again have $10 to wager, with a starting bet of $1. In this case, you immediately lose on the first bet and bring your balance down to $9. You double your bet on the next wager, fail again and end up with $7. On the third bet, your wager goes up to $4. Your losing streak continues, bringing you down to $3. You do not have enough money to double down, and the best you can do is bet it all. You then go down to zero when you lose, so no combination of strategy and good luck can save you. Strict application of the martingale strategy produces a 100% success rate until it ends with the complete loss of all capital. Application to Trading You may think that a long string of losses, such as in the above example, would represent unusually bad luck. But when you trade currencies, they tend to trend, and trends can last a long time. The trend is your friend until it ends. The key with a martingale strategy, when applied to the trade, is that by "doubling down" you lower your average entry price. In the example below, at two lots, you need the EUR/USD to rally from 1.263 to 1.264 to break even. As the price moves lower and you add four lots, you only need it to rally to 1.2625 instead of 1.264 to break even. The more lots you add, the lower your average entry price. You may lose 100 pips on the first lot of the EUR/USD if the price hits 1.255. On the other hand, you only need the currency pair to rally to 1.2569 to break even. This example also provides a clear example of why significant amounts of capital are needed. If you only have $5,000 to trade, you would be bankrupt before you could see the EUR/USD reach 1.255. The currency should eventually turn, but you may not have enough money to stay in the market long enough to achieve a successful end. That is the downside to the martingale strategy. EUR/USD Lots Average or Break-Even Price Accumulated Loss Break-Even Move 1.2650 1 1.265 $0 0 pips 1.2630 2 1.264 -$200 +10 pips 1.2610 4 1.2625 -$600 +15 pips 1.2590 8 1.2605 -$1,400 +17 pips 1.2570 16 1.2588 -$3,000 +18 pips 1.2550 32 1.2569 -$6,200 +19 pips Why Martingale Works Better With Forex One of the reasons the martingale strategy is so popular in the currency market is that currencies, unlike stocks, rarely drop to zero. Although companies frequently go bankrupt, countries rarely do. There will be times when a currency falls in value. However, even in cases of a sharp decline, the currency's value rarely reaches zero. The FX market offers another advantage that makes it more attractive for traders who have the capital to follow the martingale strategy. The ability to earn interest allows traders to offset a portion of their losses with interest income. That means an astute martingale trader may want to use the strategy on currency pairs in the direction of positive carry. In other words, they would borrow using a low-interest-rate currency and buy a currency with a higher interest rate. What Is the 100% Profitable Martingale Strategy? The martingale strategy requires doubling down on a losing bet and continuing to double the bet every time it loses. At some point, the gambler will win, and will recoup the entire loss plus a profit. This is a statistical fact. The problem is, guaranteeing that 100% chance of winning requires deep pockets. Any gambler with less than infinite resources risks losing everything before the winner turns up. Is the Martingale Method Banned? The martingale strategy is not banned outright in casinos, but they long ago found a way to put a stop to its use. Table limits on some games discourage bettors from trying it, as they risk hitting the limit before recouping their losses. No one discourages bettors from losing their shirts in the financial markets, by using the martingale strategy or any other method. Is There a Better Strategy than the Martingale Method? Some say the anti-martingale strategy is better. Adopted by some traders, this is a fancy name for doubling down on winning bets during a period of expansive growth in the markets. At best, trading profits soar as long as the boom lasts. At worst, losses are greatly reduced when the boom ends. The Bottom Line As attractive as it may sound to some traders, using the martingale method can be disastrous. Seemingly surefire trades can blow up your account before you can profit or even recoup your losses. In the end, traders must question whether they are willing to lose most of their account equity on a single trade. Given that they must do this to average much smaller profits, it's wise to conclude that the martingale trading strategy offers more risk than reward. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Electronic Journal for History of Probability and Statistics. "How Paul Levy Saw Jean Ville and Martingales," Page 2. University of Illinois. "Joseph L. Doob Volume." Massachusetts Institute of Technology. "Martingales, Risk Neutral Probability, and Black-Scholes Option Pricing," Page 5. Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.




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