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Roulette Discussion Roulette Discussion

02-01-2009 , 07:06 PM
I was having a discussion with a friend.

Here's the debate:

If a player is playing strictly red/black and plays 50 spins. Not once does the ball end up on green -- the argument is that the casino edge during this 'session' was completely 0%.

I understand merits of my friends argument, but I still don't think it's accurate. Help!
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02-01-2009 , 09:53 PM
Quote:
Originally Posted by UCBananaboy
I was having a discussion with a friend.

Here's the debate:

If a player is playing strictly red/black and plays 50 spins. Not once does the ball end up on green -- the argument is that the casino edge during this 'session' was completely 0%.

I understand merits of my friends argument, but I still don't think it's accurate. Help!
Friend is wrong. The house's edge is not dependent on the results, only the set-up of the game. Experiencing variance does not change the long run EV of each past and future decision.

Pretend I have a fair coin and I'll pay you $100 if it lands on heads and you'll pay me $1 if it lands on tails. If we flip and it ends up on tails, does that mean that you didn't really have an edge going into that flip?
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02-01-2009 , 10:09 PM
stop playing and/or thinking about roulette
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02-01-2009 , 11:37 PM
Quote:
Originally Posted by UCBananaboy
I was having a discussion with a friend.

Here's the debate:

If a player is playing strictly red/black and plays 50 spins. Not once does the ball end up on green -- the argument is that the casino edge during this 'session' was completely 0%.

I understand merits of my friends argument, but I still don't think it's accurate. Help!
As exactly phrased you are correct, now if I had made a similar statement you can be sure it would be phrased such that I was correct.
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02-02-2009 , 02:53 AM
Quote:
Originally Posted by UCBananaboy
If a player is playing strictly red/black and plays 50 spins. Not once does the ball end up on green -- the argument is that the casino edge during this 'session' was completely 0%.
Another way that I'm now thinking about it: You are looking at some of the results, so how can you not look at all? That is, you point out 2 spots the ball never hit, so why don't you point out all the spots it did hit (if the results determine the edge, then all results influence that edge)? If the player ended up making money in the 50 spins, does that mean that he had an edge over the house? If the player lost money on every spin, does that mean that the house had a 100% edge?
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02-02-2009 , 08:22 AM
The house doesn't make money when you lose -- the house makes money when you win.

Consider a game that's profitable -- say the house pays 40:1 on a number. You play a number, and you lose. You lost. It doesn't matter what your odds were, you lost either way. But if you win, you make a profit by getting better than even odds. You're going to realize your advantage when you win.

Likewise when the house pays 35:1 on a number. You play a number, and you lose. You lost. It doesn't matter what your odds were, you lost either way. But if you win, you get less than than even odds. That's where you experience your loss.

You lose when you win less than true odds.
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02-02-2009 , 09:12 AM
Wow my head is gonna explode with all these thoughts, lol.

I appreciate the input though guys.
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02-02-2009 , 11:19 AM
Quote:
Originally Posted by UCBananaboy
Wow my head is gonna explode with all these thoughts, lol.

I appreciate the input though guys.
I think we can be more obtuse if you're willing to rephrase the question

Last edited by SheetWise; 02-02-2009 at 11:25 AM.
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02-02-2009 , 11:54 AM
Quote:
Originally Posted by SheetWise
I think we can be more obtuse if you're willing to rephrase the question
Heh heh, my man SheetWise strikes again!!
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02-03-2009 , 05:07 PM
That's like getting it all in with the best hand being an 80% favorite and losing, then saying you must not have had an edge that hand.
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02-03-2009 , 05:34 PM
Quote:
Originally Posted by colonpowell
That's like getting it all in with the best hand being an 80% favorite and losing, then saying you must not have had an edge that hand.
It's completely different. If you're 80%, you only need to be paid over 1:4 to make it profitable. The fact that you'll be paid a lot better than that is where your edge is. As in the first example, you're going to realize your advantage when you win.
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02-24-2009 , 05:56 PM
Quote:
Originally Posted by SheetWise
Consider a game that's profitable -- say the house pays 40:1 on a number. You play a number, and you lose. You lost. It doesn't matter what your odds were, you lost either way. But if you win, you make a profit by getting better than even odds. You're going to realize your advantage when you win.
http://forumserver.twoplustwo.com/54...player-240456/

I wish I had heard about this promotion
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02-24-2009 , 08:56 PM
I think its 5.26% house edge on every bet.
If you lose, they take ALL your money.
If you win, they take SOME of your money.
Thats why owning the casino is so important for long term success.

Sure, in the short term you can either win your five dollars or you can lose your five dollars, but overtime your results will approach the expected results. The casino keeps its beak wet at ALL times, irrespective of whether its Red, Black or Green!
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02-25-2009 , 01:13 AM
i usually bring $90 to the roulette table if i play roulette

then i bet $9 on 1-18 and $6 on 3rd 12, 25-36

i keep betting until i hit a 19-24 or 0 or 00.

if i hit 19-24 or 0 or 00, then i bet $45 on 1-18 and $30 on the 3rd 12, 25-26.

if i lose that bet i walk away

if i win that bet i go back to betting $9 on 1-18 and $6 on the 3rd 12, 25-26.
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02-27-2009 , 12:03 AM
Quote:
Originally Posted by RudeboyOi
i usually bring $90 to the roulette table if i play roulette

then i bet $9 on 1-18 and $6 on 3rd 12, 25-36

i keep betting until i hit a 19-24 or 0 or 00.

if i hit 19-24 or 0 or 00, then i bet $45 on 1-18 and $30 on the 3rd 12, 25-26.

if i lose that bet i walk away

if i win that bet i go back to betting $9 on 1-18 and $6 on the 3rd 12, 25-26.
Nice.

This works?
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02-27-2009 , 12:04 AM
Quote:
Originally Posted by Rainbow Warrior
Nice.

This works?
no but i do it anyways
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03-07-2009 , 02:38 AM
Quote:
Originally Posted by mrdurdenptp
stop playing and/or thinking about roulette
Roulette is the most honest game in the casino. The house advantage is nakedly displayed, obvious to anyone with a rudimentary understanding of probability. Note that I said honest, not fair. The casino is telling anybody who isn't devoid of math skills "we're going to take your money".
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03-10-2009 , 06:12 AM
Quote:
Originally Posted by CORed
Roulette is the most honest game in the casino. The house advantage is nakedly displayed, obvious to anyone with a rudimentary understanding of probability. Note that I said honest, not fair. The casino is telling anybody who isn't devoid of math skills "we're going to take your money".
There are quite a few transparent games, roulette, baccarat, and pai gow. A little less obvious, but still transparent, are sic bo, fan tan, and chuck-a-luck.
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03-10-2009 , 11:20 AM
Quote:
Originally Posted by SheetWise
The house doesn't make money when you lose -- the house makes money when you win.

Consider a game that's profitable -- say the house pays 40:1 on a number. You play a number, and you lose. You lost. It doesn't matter what your odds were, you lost either way. But if you win, you make a profit by getting better than even odds. You're going to realize your advantage when you win.

Likewise when the house pays 35:1 on a number. You play a number, and you lose. You lost. It doesn't matter what your odds were, you lost either way. But if you win, you get less than than even odds. That's where you experience your loss.

You lose when you win less than true odds.
I dont think its right , they make money when you play any games in the casino and the way they pay you out its from other people money.

Example : You play blackjack full table lets say 7 people and all the same amount

3 players wins 4 others bust , they take the the 4 bust people to pay the 3 winners and casino makes +1 you understand what im trying to say?

Most of the concept is used on every table game.
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03-10-2009 , 11:25 AM
Quote:
Originally Posted by OMG_HATER
I dont think its right , they make money when you play any games in the casino and the way they pay you out its from other people money.

Example : You play blackjack full table lets say 7 people and all the same amount

3 players wins 4 others bust , they take the the 4 bust people to pay the 3 winners and casino makes +1 you understand what im trying to say?

Most of the concept is used on every table game.
I know that if the 4 who bust are betting $5 and the 3 who win are betting $500 the casino will want a new plan.
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03-10-2009 , 11:32 AM
Quote:
Originally Posted by Jimbo
I know that if the 4 who bust are betting $5 and the 3 who win are betting $500 the casino will want a new plan.
Thats why they have table limit..
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03-10-2009 , 01:51 PM
Quote:
Originally Posted by SheetWise
There are quite a few transparent games, roulette, baccarat, and pai gow. A little less obvious, but still transparent, are sic bo, fan tan, and chuck-a-luck.
sic bo has got to be one of the worst games to play. i know its geared towards the asian population but does anyone actually play it? i think i remember seeing a sicbo table at newyork newyork last st patricks day. it was empty though.
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03-10-2009 , 05:08 PM
Quote:
Originally Posted by OMG_HATER
Thats why they have table limit..
No really, it isn't.
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03-11-2009 , 04:02 PM
Check this link
http://winmoneyonnet.blogspot.com/
This is the system that bring me money
Not a lot but about 100$/day
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03-11-2009 , 04:12 PM
Quote:
Originally Posted by cristinell
Check this link
http://winmoneyonnet.blogspot.com/
This is the system that bring me money
Not a lot but about 100$/day
where do i sign up for your sistem?
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