Hi everyone, question for simulations experts.
Do simulations of 10,000+ spins on roulette, (which result in a profit), provide a reasonable amount of number crunching to engage a betting strategy, or is 100,000 more of a magic number?
I have 3 strategies that I have developed for myself over the last 9 months that have withstood my test of time, (103 have found their way into the bin). My strategies are applied a bit like running a business - some days nobody wants to buy shoes and other days everybody wants 'em! So of course there are some daily takings in the red and others in the black. I have worked my strategies to obviously provide greater returns than losses otherwise it wouldn't be worthwhile opening shop. But have I market surveyed enough to consider opening my business. My returns are as follows, (based on using a $10,000 bankroll; 2 strategies using $5 bets and 1 strategy using a $25 bet):
Strategy 1: Net Profit $3,749
Strategy 2: Net Profit $1,875
Strategy 3: Net Profit $8,450 (obviously my favourite)
Total Net Profit for 10,000+ spins, (but not more than 15,000 spins) is $14,074. This is one months play time for me.
Wizard of Odds simulation challenge was for ten million spins, but unfortunately I have to do my assessments by hand and if I waited for ten million spins I would be 129 years old. (I know I can run off thousands of numbers from the web, that's the easy part, its recording them on my chart and calculating the sequence, blah blah that is so painstaking.)
Your input would be appreciated re sims. Thanks.
P.S. I am not comfortable sharing the details of my betting strategies/sequences except that they are based on 111 spin theory, so please do not ask, (ask me in 5 years!!!). I am just interested in what the best "long term" simulation theories are.
Cheers
StaceyLee
Do simulations of 10,000+ spins on roulette, (which result in a profit), provide a reasonable amount of number crunching to engage a betting strategy, or is 100,000 more of a magic number?
I have 3 strategies that I have developed for myself over the last 9 months that have withstood my test of time, (103 have found their way into the bin). My strategies are applied a bit like running a business - some days nobody wants to buy shoes and other days everybody wants 'em! So of course there are some daily takings in the red and others in the black. I have worked my strategies to obviously provide greater returns than losses otherwise it wouldn't be worthwhile opening shop. But have I market surveyed enough to consider opening my business. My returns are as follows, (based on using a $10,000 bankroll; 2 strategies using $5 bets and 1 strategy using a $25 bet):
Strategy 1: Net Profit $3,749
Strategy 2: Net Profit $1,875
Strategy 3: Net Profit $8,450 (obviously my favourite)
Total Net Profit for 10,000+ spins, (but not more than 15,000 spins) is $14,074. This is one months play time for me.
Wizard of Odds simulation challenge was for ten million spins, but unfortunately I have to do my assessments by hand and if I waited for ten million spins I would be 129 years old. (I know I can run off thousands of numbers from the web, that's the easy part, its recording them on my chart and calculating the sequence, blah blah that is so painstaking.)
Your input would be appreciated re sims. Thanks.
P.S. I am not comfortable sharing the details of my betting strategies/sequences except that they are based on 111 spin theory, so please do not ask, (ask me in 5 years!!!). I am just interested in what the best "long term" simulation theories are.
Cheers
StaceyLee