The Miner Part 2 wrote:Coppermine wrote:RugbyD wrote:roulette is a loser's game. I can't think of one more clearly set up to bleed you dry little by little. The only purpose it serves that I can see is to create a social atmosphere where everyone can collectively root against their common fate. I don't mind watching a group of my friends play, but the thought of sitting down myself makes me prefer banging my head against a wall.

Agreed. Roulette, of all the casino games, have the least chance of winning. BlackJack is the only game where you can even come close to evening the odds, however no game is 50/50... in the end, the house always wins.

actually roulette has the best odds of any game at casinos. if youre playing red/black youre just under a 50% favorite to win. not gonna find those odds anywhere else.

I just thought of this, but you also have to figure in the payout as well. Betting Red, Black, Odd or Even results in a 2:1 payout. Betting on a single number, for instance, results in a 35:1 payout (lower the odds, higher the payout and odds of winning a single number bet are 37:1). What's interesting, is that per-dollar bet on roulette, percentages dictate that roulette players lose 5.26% per bet, regardless of what the bet is on. (There is a nauseating formula to go with that statistic I will forego). European roulette is more in the player's favor since there is no double zero (and the zero slots are not consider red or black, odd or even).

One conceivable strategy would be to bet on the ball landing in a red space for a certain number of spins, for example, 38.

There are 18 red spaces on a roulette table with 38 total spaces. Dividing 18 by 38 yields a probability of landing on red of 47.37%. This probability can be used in a binomial distribution and made into an approximate standard normal distribution.

Doing so indicates that, if one were to spin the wheel 38 times, there is a 99% probability that the ball would land on red at least 10 times. There is an 83% probability that in 38 spins, the ball will land on red at least 15 times. Out of 38 spins, there's a 50% chance that 18 will be red.

However, the break-even point is 19 spins, since the bet on red is 2:1, and the probability of 19 red spins in 38 is only 37%. This indicates the difficulty of winning by only betting on red.

The results occur because, as indicated by the 18 divided by 38 equals 47.37% figure, the ball will land on red less than half the time. This percentage applied in the binomial and standard normal distributions creates the vast divide in probability from 18 red spins to 19 red spins out of 38 spins. Basically, it is very unlikely for anyone to spin much more than 18 red spins out of 38 spins.

Albert Einstein wrote:"You cannot beat a roulette table unless you steal money from it."

If you're a battery, you're either working or you're dead....