Quoted:
So I'm going down to the tampa hard rock in 2 days for thanksgiving and they just got in a roulette table or two and I would like to try it. And since floridas casinos don't have any big setups like Vegas or atlantic city or even Louisiana or missippi I was wondering if any of you guys might have any helpful websites that I can learn the mathematics and simple strategies of roulette. I've learned blackjack and have somehow maintained a more money won then money lost streak.
Roulette is pretty simple. There's really no such thing as a "strategy" which can improve your odds in the same way that there is for Blackjack. The odds are fixed and only question is how you affect your volatility over the course of the night so that you have a decent chance of your money lasting.
The lowest volatility bet in Roulette is betting on Red/Black or Even/Odd and with the minimum bet should make your money last the longest. The house edge is 5.3% so figure that you are spending $0.053 for every dollar wagered and every spin of the wheel. If the minimum bet is $5 then you are spending about $0.265 per spin when you bet $5 on either red or black. If the wheel spins 60 times per our (once every 60 seconds) then you'll be on track to lose about $15.90 per hour. That's your cost of entertainment and things could go better, could go worse, but over the long run that's pretty much how it's going to work out.
Think about casino gambling as paying an hour rate for all you can drink service with hopefully good company and a parlor game in front of you to keep you interested because that's pretty much what it is. I love to drink and gamble with friends but I go to SPEND money and have a good time, not to make money.
Don't worry about making money gambling long term because you won't. Only do it if you enjoy the action. If it's about the money, then you shouldn't gamble.