Not only does roulette have a wide range of bets but all the bets have the same house edge. This means that the high paying bets are not sucker bets as in some other casino games. This flexibility in betting structure allows for a unique strategy while playing online roulette tournaments.
At one end of the spectrum there are the even money bets like red or black that have a payout of 1 to 1. At the other end there is the single number bet that has a payout of 35 to 1. The advantage is that online roulette tournament players do not have to choose between wagering conservatively and wagering aggressively. They can do both at the same time by placing suitable sized bets at each end of the spectrum.
A larger portion of the bankroll should be allotted to the conservative bets because they pay out less. If the player is lucky the smaller amounts wagered on the riskier bets will yield good dividends. To make things simple assume that the player starts with a chip the balance of 1000 credits. The first step that the roulette tournament player should take is to estimate the number of bets that he will be able to place in the allotted time. Assuming that this is 20, the player will be able to wager 50 credits per bet if he keeps that amount constant throughout. One way of dividing this is to wager 40 credits on red or black and 10 credits on a split bet that covers two numbers and pays out at 17 to 1. The even money bet will pay out in increments of 40 credits but mathematically should pay out more often. The split bets will pay out in increments of 170 credits but not as often. However, even if the split bets pay out a few times they can give a big boost to the chip balance.
If the player is happy with the results of this betting pattern then he can continue with it throughout the online roulette tournament. However, if his chip balance is not increasing as he wants it to, he can switch to a more aggressive option. There are two choices before the player. He can reduce the amount on the even money bet and transfer it to the split bet. Instead of wagering 40 credits and 10 credits on the two bets he can wager 30 credits and 20 credits. In this case should the split bet win it will pay 340 credits. The other option is to wager the 10 credits on a single bet instead of a split bet. For 10 credits wagered on a single bet the payout is 350 credits. There are pluses and minuses for both options and each roulette tournament player will have to take his own call.
Online roulette tournaments are usually such that the leader board is on display to all the participants. If a player is placed such that he is getting a share of the prize pool he need not take undue risks. If the player is out of the prize pool range then he will have to take more risk. How much more risk he will have to take will be determined by how far he has to climb. Ultimately players must bear in mind that unless they break into the prize pool it does not matter how much their chip balance has increased by. They get paid only if they break into the prize pool and not otherwise.