Roulette & 50/50 Gambling

This is a discussion on Roulette & 50/50 Gambling within the General Trading Chat forums, part of the Reception category; Recently, I was on a site which explained a simple roulette system; much to do with what is currently beginning ...

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Old Jun 2, 2008, 8:01am   #1
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Roulette & 50/50 Gambling

Recently, I was on a site which explained a simple roulette system; much to do with what is currently beginning discussed in the probablity discussion.

Basically, you choose the lowest odds (or the maximum odd's divided by 2^8) then you put a stake on black or red.

If right then;
place smallest stake again

If wrong then;
double smallest stake on SAME colour until right.

I tried it with £15 quid, managed to make it to £60 in an hour - (very late night ),
but after I hit 9 blacks in a row...which is seriously unlikely, so i deposited some more money then repeated the step. Breaking even/in profit of £45. (With this technique it's probably better to mix it up...say if you get 3 right stakes then switch colour).

Safe to say i'm never doing that again, as always - house always wins.

(tbh the guide i read said to "not be greedy" and "not make over "£200" on the same site (100% profit in the guide)).

What do you guys think? (Please don't mock me for being naive enough to try and beat a casino).



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I want to delete this thread after doing a search for roulette (How?)

Last edited by KillPhil08; Jun 2, 2008 at 8:22am. Reason: I want to delete this post after doing a search for roulette
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Old Jun 2, 2008, 9:05am   #2
 
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It's called the martingale system. Doesn't work.

See also "Gambler's Ruin"
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Old Jun 2, 2008, 9:12am   #3
 
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For a start the title "Roulette & 50/50 Gambling " is misleading and incorrect.

The game of Roulette is not a 50/50 game. It actually has a very small edge in favour of the House and as such if played over the long-term has a NEGATIVE expectancy.

Basically for every £1.00 you risk, you WILL lose 5.4p

Definately not for me !!!
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Old Jun 2, 2008, 9:15am   #4
 
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The 'house' is constantly making sure they are one step ahead of the punter. This is why minimum and maximum stakes are used to give them an edge for this type of play. Casino owners are not stupid gamblers, they are astute business men/women that look to take advantage of those with no sense.
And to others (like me) for entertainment purposes. Gambling should only ever be seen as fun and never a business - unless you set the odds.
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Old Jun 2, 2008, 9:23am   #5
 
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Quote:
Originally Posted by KillPhil08 View Post
but after I hit 9 blacks in a row...which is seriously unlikely
For argument sake, lets assume that Roulette offers 50/50 outcome(Black or Red) then a losing streak of 16 is actually possible.

Now try your system again with this in mind..........
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Old Jun 2, 2008, 10:34am   #6
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Originally Posted by Chorlton View Post
For argument sake, lets assume that Roulette offers 50/50 outcome(Black or Red) then a losing streak of 16 is actually possible.

Now try your system again with this in mind..........
^^ i said i wasn't going to try this again.

Thanks for the wiki link. I don't see any buttons to delete threads?!?
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Old Jun 2, 2008, 11:05am   #7
 
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Quote:
Originally Posted by KillPhil08 View Post
^^ i said i wasn't going to try this again.

Thanks for the wiki link. I don't see any buttons to delete threads?!?
Nope, you have to suffer the ignonimity

Coincidentally my 18 year old brother 'discovered' this system yesterday and called me up breathless about how he won fifty quid. Hopefully I put him right
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No nuisance spread betters please. Anyone else welcome.
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Old Jun 2, 2008, 11:40am   #8
 
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Don't bet on Roulette - Blackjack is the most favourable to the player. Alternatively, learn to play poker.
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Old Jun 2, 2008, 12:26pm   #9
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Don't bet on Roulette - Blackjack is the most favourable to the player. Alternatively, learn to play poker.
I don't like to steal money off my friends too often
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Old Jun 2, 2008, 12:52pm   #10
 
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Originally Posted by KillPhil08 View Post
I don't like to steal money off my friends too often
Simple solution: don't play against friends.
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