Roulette & 50/50 Gambling

This is a discussion on Roulette & 50/50 Gambling within the General Trading Chat forums, part of the Reception category; Originally Posted by strongboes Hi, IMO blackjack is not the most favourable to 99.5 no make that 99.9% of players ...

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Old Jun 2, 2008, 5:56pm   #15
 
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Originally Posted by strongboes View Post
Hi,

IMO blackjack is not the most favourable to 99.5 no make that 99.9% of players for the simple reason that in my experience players will not play as they should on every hand, fear, greed and or a lack of knowledge increases their statistical loss considerably.

Roulette on the other hand they cant split double or stay or take a card when they should or shouldn't so they cant affect the odds. Incidentally, please dont slate me for saying this, but there is a method using standard deviation which changes the house advantage over to the player however it is quite boring, actually extremely boring and even if you were to assume a spin every minute which doesn't happen then it would take you 10's of hours of straight playing to make it worthwhile! See if you can figure it out, I will post it up when I can remember it

Regards

p.s I did not figure it out I found it on a website of probabilities must be 10 years ago
I think you may need to find out what Roulette is first before commenting on it.
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Old Jun 2, 2008, 6:11pm   #16
 
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my uncle did this on the horses a few years back .. betting on the favorite in every race in a meeting using the double the stake on the lose system... he made a packet on paper, many thousands ££ from an initial bet of just £1.00 .. then went live with it and Blew up £500 ... lol... which was a fair bit back in the 80's....

he ran out of cash... again the market has always got more dosh...
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Old Jun 2, 2008, 9:39pm   #17
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Originally Posted by Lee Shepherd View Post
I think you may need to find out what Roulette is first before commenting on it.
I have spent part of my life working in a casino my friend so I am pretty confident that there is nothing I do not know about roulette. Maybe you should open your mind up a little to the possibilities that may exist.
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Old Jun 2, 2008, 9:46pm   #18
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Also the longest single red or black run in a casino off the top of my head is 27, believe it has happened a couple of times. I recall nearly every night seeing the whole screen red or black on the electronic roulette which was 13 numbers. This was spun off of a real wheel btw.
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Old Jun 3, 2008, 12:37am   #19
 
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Originally Posted by strongboes View Post
Incidentally, please dont slate me for saying this, but there is a method using standard deviation which changes the house advantage over to the player however it is quite boring
Hello Strongboes,

Excuse my ignorance, but I completely fail to understand how one can transfer the game's "edge" from the House to the Player. Look at the numbers on the wheel, IMO the "edge" (albeit small) is in the favour of the house. Its as simple as that!!!!

If one could really convert the game from a negative to a positive expectancy (for the player) this process/method for doing so would be anything but boring!!! ;-) Instead, Players would be playing it around the clock !!!!!!!
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Thanks! The following members like this post: Lee Shepherd
Old Jun 3, 2008, 1:22am   #20
 
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Only way to gain an edge on roulette is to find an un-balanced wheel, take advantage of "dealer's throw" or just cheat. There are no other ways to create a +EV from roulette.
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Old Jun 3, 2008, 6:13am   #21
 
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You can also play roulette on betfair with zero house advantage. There you can learn all about random walks and gambler's ruin... Interactively
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