1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Dismiss Notice
  3. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

Why we cannot win playing European Roulette.

Discussion in 'Online Casinos' started by SlotMonster, Jan 18, 2008.

    Jan 18, 2008
  1. SlotMonster

    SlotMonster SoftSwiss Representative webmeister

    Occupation:
    Manager
    Location:
    Somewhere in eternity
    Hello folks!
    In file attached you can find an argument why we cannot win playing European Roulette. It's just my poor effort. Waiting your answers and comments. Thank you! :)
     
  2. Jan 18, 2008
  3. GaryWatson

    GaryWatson Dormant account

    Occupation:
    Marketing Consultant
    Location:
    Europe
    I dont have a degree in mathematics but I would say we cannot win on any roulette table because of the 0 or the 1 in 37 house edge. The calculations just confuse.

    To put it in English, I would say that for every 37 bets, one is a free spin for the house:)
     
  4. Jan 18, 2008
  5. Rob

    Rob Dormant account

    Occupation:
    .
    Location:
    United Kingdom
    You can probably say the same for most casino games, since they have negative expected value in the long run.
     
  6. Jan 18, 2008
  7. cheekymonkey

    cheekymonkey Ueber Meister

    Occupation:
    Loser
    Location:
    Back at my mums
    I got as far as:

    xi event i,
    pi probability of event i,
    К general quantity of events, which forms full group


    ...and gave up.

    All I know is when my number doesn't come in, I don't win - hehe.
     
  8. Jan 18, 2008
  9. Edward D. Wood

    Edward D. Wood Dormant account

    Occupation:
    Computer stuff
    Location:
    europe
    are your sure about the math...and well...are you sure about posting this..?? as this looks much more like the mathematic proof about my chances getting scarlett johannsen somewhere near my bedroom.:eek:

    ops...darling....nono i didn`t wrote those lines....really.
    sorry guys i have to go. no more pc tonight and tomorrow - the yearly routine-visit at my mother-in-laws`house:eek::eek::eek:
     
  10. Jan 18, 2008
  11. lojo

    lojo Banned User - repetitive violations of <a href="ht

    Occupation:
    Tradesman
    Location:
    USA
    Best of luck with that, Ed.
     
  12. Jan 19, 2008
  13. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    I disagree with that; not probably and not most casino games - ALL casino games.
    Casinos only exist to make money - not to give it away!
    If you keep playing any one casino game continuously you will lose - no matter what to do.
    But if you use bonuses & switch between games... :rolleyes:
     
    1 person likes this.
  14. Jan 19, 2008
  15. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!

    I am living proof legend on that one...and I ain't kiddin...wish I was...:cool:
     
  16. Jan 19, 2008
  17. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!

    Dang SlotMonster, this is Friday man...I opened that up and got all dizzy because my head started spinning and I saw flashbacks from one of those college math classes that my wife had to get me thru...oh jeeze...I think I need to lay down...all those math symbols brings back nightmares from my earlier years...

    This looks like one for Zoozie to decipher....:notworthy
     
  18. Jan 19, 2008
  19. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    *waves gun around* NO NO NO I WILL NOT TAKE ANOTHER STATS CLASS!


    But anyways,

    Can't the same be said for _any_ casino game?
     
  20. Jan 19, 2008
  21. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    Simple answer is YES !
     
  22. Jan 19, 2008
  23. Jufo

    Jufo Three-toed sloth

    Occupation:
    Teacher
    Location:
    Finland
    What you calculated in the file was obvious already. But you could try to calculate a more interesting question:

    1. Given that you take 100$ to Roulette and make 5$ even money bets, what is the probability that you will never exceed your starting balance (100$) at any point?

    2. Same question as before but now you double your bet after losing two times in a row (ie.bet 5$,5$,10$,20$,40$... until you win).
     
  24. Jan 21, 2008
  25. gerilege

    gerilege Meister Member PABnorogue PABrogue

    Occupation:
    IT
    Location:
    Hungary
    I think you have over-engineered it. It is enough to show that you can never make a bet with positive expectation, which is something similiar to your table for the different bet variations. Your best bets on European roulette are the single chances, like red or black, in which your expected value is -0.0135*your bet, because you get back half of your wager in case of zero.
    Now no matter what kind of bet you make, your expected value is less or equal to (EV) = c*w, where c<0 and w>0 is your total wager.
    And if w goes to +infinity, EV is always negative.
     
    1 person likes this.
  26. Jan 21, 2008
  27. SlotMonster

    SlotMonster SoftSwiss Representative webmeister

    Occupation:
    Manager
    Location:
    Somewhere in eternity
    Now I'm thinking the same :rolleyes:

    No, mate you're a bit wrong. All you said is about French Roulette (not about European Roulette at all).

    But in any case, thank you :) BTW, I have won about 6k playing Live Roulette at Bet365 casino (IMO one of the best I've ever seen) and made total profit about 14k from online playing last year. You can see my post here...

    http://www.casinomeister.com/forums/online-casinos/21442-its-time-year-again-2.html#post204055

    So my winnings is just luck he he :rolleyes:
     
  28. Jan 21, 2008
  29. gerilege

    gerilege Meister Member PABnorogue PABrogue

    Occupation:
    IT
    Location:
    Hungary
    You're right, i'm not a roulette expert. :)
    However it holds in general, more precisely you need to take the best bet's expectation as a constant c<0, then c*w will be an upper threshold of your EV for all kind of possible bets, and c*w will go the -infinity as w goes to +infinity, so every combination of bets will go to -infinity as well.
     
  30. Jan 23, 2008
  31. gfkostas

    gfkostas Ex-Bonus Whore

    Occupation:
    IT
    Location:
    UK
    Roulette is beatable. This is something we've been known for years here. All you need is the Hood 3000 system. The inventor as you can see in this video is pure genius and certainly can inspire you for great wins You must register/login in order to see the link.
     
  32. Jan 23, 2008
  33. SlotMonster

    SlotMonster SoftSwiss Representative webmeister

    Occupation:
    Manager
    Location:
    Somewhere in eternity
    :lolup::lolup:
     

Share This Page