We take a look at the Whittacker Sytem for Even Money Roulette Bets like the red/black bet..
The Whittacker (Even Money Bets) is similar to the Labouchere roulette system in many ways. It's a negative progression where you bet more after a loss (as opposed to a positive progression like Oscar's Grind System, for example).
In the Labouchere (said to be James Bond's favourite system- but let's face it he is a fictional character!) the first and the last bets are added to the end of the sequence in the event of a loss, and struck off in the case of a win. In the Whittacker, you add the last 2 losing bets- so it is a more agressive progression, which of course means it's riskier, but on the other hand you will claim back losses faster if you do put together a sequence of wins.
Let's look at an example where we start with a bet of £1.
The sequence would be 1,1,2,3,5,8 etc
The 2 last losing bets are struck out if you win. If you lose, the last 2 lost bets are added on to the end of the progression.
So if you were on a losing streak (L,L,L,L,L,L) you would bet 1,1,2,3,5,8 etc
If you experienced this (L,L,L,W,L,L) you would bet 1,1,2,3,1,1 and so on.
As with the Labouchere, the best thing to do is to have a pen and a piece of paper by you, and add and cross off the numbers as you go.
The disadvantage of the Whittaker is the steeper profile of the progression. If you experience a number of losses in a row, your losses are going to be bigger than they would be with the Labouchere.
The aim of the game is to keep the number sequence short! If you find your Whittacker Progression is starting to go off the edge of the page, that might be a good time to stop and lick your wounds (well, we'd stop before then).
Before you start this system (this goes for pretty much any roulette system), write down your profit target and your maximum loss that you will accept in the session. DON'T change either of these numbers, especially not your stop loss. If you hit your profit target, leave the table. If you hit your stop loss, leave the table.
As we constantly tell anyone who will listen to us harping on, this system doesn't change the fundamental odds you get at the table (no system can). To win money at the roulette table, you need to have discipline, and bet with your head. That means having a clearly defined plan, and sticking to it. You have to be prepared to cut your losses as well as walk away with a profit (both can be hard to do). The name of the game is to cut smaller losses than the wins you leave the table with, and do it in a short enough time that the casino doesn't have much opportunity to eat into your bankroll with their house edge. Sounds simple, doesn't it. Well, in reality, all sorts of things enter your head along the way, greed being the main culprit.