Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > General Gambling > Other Gambling Games
FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Display Modes
  #1  
Old 12-12-2002, 08:24 PM
Pat Pat is offline
Junior Member
 
Join Date: Nov 2002
Posts: 21
Default Roulette?

I have a question about playing Roulette. Assuming you have an unlimited bankroll (I know this is impossible, but bear with me.), is it statistically possible to win while playing Roulette?

Assume that you have an initial bet of $10 and are betting on "red" every time.
If you win then bet $10 the next time.
If you lose double your bet until you win.
After you win go back to the original bet of $10.

Assuming you have unlimited bankroll, will this work?
Just curious,
Pat
Reply With Quote
  #2  
Old 12-12-2002, 08:41 PM
Teddy Teddy is offline
Member
 
Join Date: Sep 2002
Location: Canada
Posts: 36
Default Re: Roulette?

Although I am by no means an expert on casino gambling, just two quick points.

First, your odds of winning aren't 50-50 (since there is a double zero and a zero on most tables)

Second, tables have max bets for this exact reason. A typical table where I'm from may have a min of $20, and a max of $1000.

Just quickly..
20, 40, 80, 160, 320, 640, over..
That's 6 spins in a row red and you are screwed.. The probability of that happening is approx (.53)^6.. or about 2%..

I've heard it said that Roulette simply can't be beat, and I think it's true.. That being said, there's just about no easier way to have a good time at a table without having to pay attention at all.. ie: Take the wife. [img]/forums/images/icons/smile.gif[/img]
Reply With Quote
  #3  
Old 12-12-2002, 10:31 PM
Wildbill Wildbill is offline
Senior Member
 
Join Date: Sep 2002
Posts: 896
Default Re: Roulette?

Roulette is beatable if the wheel is biased, but not for any other reason. In your theory, well I suppose you would never lose because you would eventually get a win in the millions of dollars bet size. Once again, bet limits would get you in any reasonable example. If you played something like you said, at some point you would hit the nastiest losing streak and the owner of the casino would suddenly say "ok, game over" as you hit the worst run imaginable and he would be happy with your thousands of dollars.
Reply With Quote
  #4  
Old 12-13-2002, 05:04 AM
Terry Terry is offline
Senior Member
 
Join Date: Sep 2002
Location: The Appalachian Trail
Posts: 660
Default Re: Roulette?

This is known as the Martingale system... double up until you win... or go broke.

Much has been written about it. Try a web search.

The definitive answer to your question is<font color="red"> NO </font color> , Roulette cannot be beaten without a sophisticated (almost certainly electronic) method of detecting a biased wheel. Such systems are very expensive and hard to come by. They are also illegal in some places.
Reply With Quote
  #5  
Old 12-13-2002, 07:36 PM
Nick B. Nick B. is offline
Senior Member
 
Join Date: Sep 2002
Location: NY
Posts: 174
Default Re: Roulette?

Yes you could win if you doubled up after every loss. Only if you had an absolutely unlimited bankroll and no table max. Unfortunately in the real world nobody has an unlimited bankroll and table maxs do exist, so you will lose.
Reply With Quote
  #6  
Old 12-14-2002, 07:31 AM
youtalkfunny youtalkfunny is offline
Senior Member
 
Join Date: Oct 2002
Posts: 261
Default If you have an unlimited bankroll, why bet $10? NT

Reply With Quote
  #7  
Old 12-16-2002, 11:15 PM
lorinda lorinda is offline
Senior Member
 
Join Date: Sep 2002
Location: England
Posts: 2,478
Default Re: Roulette?

You would also require infinite time, which unfortunately is just as unlikely!!

Lori
Reply With Quote
  #8  
Old 12-19-2002, 09:49 PM
offTopic offTopic is offline
Senior Member
 
Join Date: Dec 2002
Posts: 272
Default Re: Roulette?

Others have (correctly) answered the question with regard to the Martingale system and casino roulette.
If you'd like an interesting read on a group's attempt to "Beat the House", check out Thomas Bass' book "The Eudaemonic Pie". Don't try this at home!!!

The Eudaemonic Pie
Reply With Quote
  #9  
Old 12-20-2002, 08:46 PM
Trefo Trefo is offline
Senior Member
 
Join Date: Sep 2002
Location: NYC
Posts: 114
Default Re: Roulette?

High stakes you would have to play and even then there's still one zero on the table, and again there's usually a max on the bets......though i hear Binion's Horshoe in Vegas will honor any bets.
Reply With Quote
  #10  
Old 12-23-2002, 06:08 PM
lorinda lorinda is offline
Senior Member
 
Join Date: Sep 2002
Location: England
Posts: 2,478
Default Re: Roulette?

If you'd like an interesting read on a group's attempt to "Beat the House", check out Thomas Bass' book "The Eudaemonic Pie". Don't try this at home!!!

Originally published under title "The Newtonian Casino"

Lori
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 09:41 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.