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 Lee Shepherd I think you may need to find out what Roulette is first before commenting on ...

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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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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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Old Jun 3, 2008, 10:43am   #22
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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

It's the commission that gets yer!

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Old Jun 3, 2008, 10:46am   #23
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"NEVER.. eat yellow snow"...

or pick blackberries on a golf course unless they are above waist height!!

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Old Jun 3, 2008, 11:12am   #24
 
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It's the commission that gets yer!

No commission on it... max bets though.
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No nuisance spread betters please. Anyone else welcome.
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