Roulette & 50/50 Gambling

[arabianights]

You can also play roulette on betfair with zero house advantage. There you can learn all about random walks and gambler's ruin... Interactively

 

[pseudo straddle]

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!

 

[pseudo straddle]

"NEVER.. eat yellow snow"...

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

 

[arabianights]

It's the commission that gets yer!

No commission on it... max bets though.

 

[advfntrader]

incidentally I met a guy on holiday recently who claimed he made his living doing red/black in the casino. he "claimed" for 5 years he had consistently made 3000 euros per month doing this. he had a big pot and if he lost he doubled up.

 

[normbeef]

incidentally I met a guy on holiday recently who claimed he made his living doing red/black in the casino. he "claimed" for 5 years he had consistently made 3000 euros per month doing this. he had a big pot and if he lost he doubled up.

Problem with the system is his pot is not big enough, no matter how big it is!!

probablistically he could be ok for another 5 years then go on a long loosing streak and blow the lot.. this is what normally happens to most people in the gambling game...

quite while your ahead !!

 

[timsk]

incidentally I met a guy on holiday recently who claimed he made his living doing red/black in the casino. he "claimed" for 5 years he had consistently made 3000 euros per month doing this. he had a big pot and if he lost he doubled up.

The thread has now gone full circle.
advfntrader, your holiday acquaintance will, in all probability, go broke sooner or later - refer to the Martingale and gamblers ruin links provided on page 1.
Tim.

 

[coke.manage]

this is a pdf book converted on to a website for exploration check and comments very very welcomed... might be helpful to help you on this situation...

roulette betting system

 

[oildaytrader]

The main problem with betting methods is the consecutive losing bets.If the number of losing bets increases ,the increasing bet sizes can blow your account.

Now what would happen if a consortium went on a betting spree, and applied a coordinated scaling up and scaling down strategy?It might work better than a single betting sequence.

Apply a highly sophisticated betting method on non random moves,as opposed to random outcomes in a casino,it would work.

 

[The_Snowman]

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).



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

You see, there are 2 aspects of playing roulette -

1. You need selection method; choose what to bet on.

2. You need a betting method, how much to bet on your selection.

Often people get confused and can't separate the 2

There is a selection method, very easy, you will be on those long runs of 27 red / black, odd / even, high / low each and every time.

Simply place your bet on the 2nd previous bet

eg. say there is B R B R R - the bet is on R, whatever the outcome, the next bet will still be on R as the last outcome is also R

The only killer is runs of RR BB RR BB RR BB

And I'm thinking that is harder to find than 27 reds !!!

Now you need a betting progression to go along with that; what is the longest theoretical run of losses?

Anybody?

 

[up-down]

personally I have seen 17 red in a row in golden nugget of London,
one gentleman who lost 100,000k plus within half an hour. I also have seen
number 3 repeat 6 times and 7th number was 35
martingale system. won't work. otherwise there will be no casino around ,managing the risk is the only key to succeed ,trading as well

 

[Jingles]

You see, there are 2 aspects of playing roulette -

1. You need selection method; choose what to bet on.

2. You need a betting method, how much to bet on your selection.

Often people get confused and can't separate the 2

There is a selection method, very easy, you will be on those long runs of 27 red / black, odd / even, high / low each and every time.

Simply place your bet on the 2nd previous bet

eg. say there is B R B R R - the bet is on R, whatever the outcome, the next bet will still be on R as the last outcome is also R

The only killer is runs of RR BB RR BB RR BB

And I'm thinking that is harder to find than 27 reds !!!

Now you need a betting progression to go along with that; what is the longest theoretical run of losses?

Anybody?

And I'm thinking that is harder to find than 27 reds !!!

Well you are wrong as it is exactly the same. I will spare you the proof. there is no way to change the odds. the odds are the odds. they remain the same no matter how you bet!

the sucker play is in the thinking. Don't think about it. Walk away.

and especially do not read a book on how to win. it is impossible. the mind however does not understand probability and statistics. therein lies the problem why people keep thinking they can win.