If you plan on playing roulette, and want to look cool, then learn and practice the following strategies for best results. There are several strategies that people use for roulette, including the Martingale strategy, the James Bond strategy, and the D'Alembert strategy, among others. Although each of these strategies has its merits, none of them is guaranteed to make you money. In fact, all will lose money in the long run, so know when to quit. But read on to learn how!

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Your first bet is $10 (or whatever your normal bet size is) on one of the even-money proposition wagers. If you lose that bet, you go to $20. Now, you sit out two spins; correct, you do not bet. After two sit-outs, on the next spin, you will increase your bet to $40. If you lose that? You quit and go back to your original bet. You’ve lost $70 on this sequence.

It’s important to note that you don’t have to guess the number exactly, but you can guess characteristics of the number and still get paid. For example, if you choose to bet that the number rolled will be odd, you will get paid if the number determined by the white ball is odd. It doesn’t matter to you if it’s 13 or 31; you will still get paid on your bet.
A slightly different type of outside bets are those that pay 2-1 as the odds of winning are just 33%. The most popular version is on the Dozens, where players are supposed to bet on the first 12 numbers, the second or the third. The same goes for the Columns bet, with players being also expected to bet on 12 numbers, with the only difference being the distribution on the betting grid. All outside bet are clearly defined on the roulette table with specific places for each bet.
Even if there isn't a betting limit, and if you have an infinite credit limit, it still doesn't really work, it just doesn't really fail either. If the martingale strategy is continued indefinitely and without regard to betting limits, your bankroll will hit arbitrarily high positive and negative values. The expected value is still negative, but the variation is so high that it your bankroll won't stay either negative or positive.
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