Is it possible to profit in Roulette with this strategy?
Question by kevin: Is it possible to profit in Roulette with this strategy?
Putting bets on L (1-12) and M (13-24) over a span of 30 bets?
Best answer:
Answer by dlevere
The oldest and most common betting system is the Martingale or “doubling-up” system, in which bets are doubled progressively. This probably dates back to the invention of the Roulette wheel, but every day of the week some gambler somewhere reinvents it, or some variation of it, and believes he has something new.
Over the years hundreds of “sure-fire” winning systems have been dreamed up, but regardless of what system is used, in the long run it cannot overcome the house’s advantage of the 0, or 0 and 00. This house advantage is the only system that consistently wins in the long run.
“No one can possibly win at roulette unless he steals money from the table while the croupier isn’t looking.” — Albert Einstein
What do you think? Answer below!
6 Responses to “Is it possible to profit in Roulette with this strategy?”
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If there is a profitable way to win roulette, the casino will be out of business by now. All games against the house are designed for the player to have a disadvantage. This is why people love poker by the way (no house edge).
Just had a quick go in fun money play and it bombed from a starting balance of $300 down to $255. You are betting $10 to gain $5 per win. It’s possible it could win every bet over 30 spins giving you 30 x $5 = $150 profit. But it could lose every time too, losing you $300 by hitting the other 13 or 14 numbers not covered.
1000′s of roulette strategies have attempted to gain the advantage using the outside bets like dozens, columns, black/red and odd/even. Some wait for sleeping dozens etc, then bet various types of progression. Mostly ineffectual strategies.
Inside betting is the best roulette strategy, betting neighbors, sectors and number prediction in online roulette RNG.
“Predicting is very difficult, especially about the future.”
Niels Bohr (1885 – 1962) Danish physicist.
HI KRV, I’m about to give you some great advice about roulette and gambling.
First and foremost, do not listen to most of the people on here! Many of them have no deep personal experience of roulette or gambling for that matter. They are simply reciting what others believe about the chances of winning at roulette.
There are PROFESSIONAL roulette players as well as Blackjack, Craps, and Baccarat. They win consistently because they have developed systems and extremely sophisticated strategies. You can definitely win lots of money at roulette if you develop a fantastic strategy.
Also, for the guy who said that “casinos would be out of money if they could be beaten,” you are totally wrong. First of all, casinos CAN BE BEATEN. However, IF YOU CONSISTENTLY BEAT THEM, THEY KICK YOU OUT!
Basically, here is how the casinos work. They only want IDIOTS to gamble. If they see you as an intelligent gambler who actually studied the game, and can consistently beat them, they will ASK YOU TO LEAVE. This is a fact! Therefore, the casinos CAN BE BEATEN, however, the only reason why casinos WIN SO MUCH is because THEY KICK OUT THE SMART GUYS, and TRAP THE IDIOTS! That is a proven fact!
Now, as for your question KRV! NO! Your particular strategy will make you broke. Please do not use it! Mathematically, that strategy is a total disadvantage for you. If you do not believe me, I will calculate it out for you.
Here goes:
There are 38 numbers on roulette. If you bet on the first and second dozen, then you will cover your bets on numbers 1-24. Therefore, your chances of winning are 24/38, which = 63.16% chance of winning. This also means that you have a 36.84% chance of losing.
Now that we have our percentages, lets figure out how much money we can make. Well, with your strategy, you are covering two dozen rows. This costs $10 ($5 for each dozen). If any one of your numbers HIT, you win $5. If any one of your numbers MISS you lose $10.
Now that we know how much money we can win, lets calculate how much money we can win if we played 30 games.
Ok! We’ve already stated that you have a 63.16% chance of winning. For each game you play, this percentage will not change.
Therefore, if you play 30 games, you can expect to win 0.6316 X 30 games. If you calculate that, you will get 18.948. This means that you will win 18.948 out of 30 games. If you win 18.948 games, and you play 30 games, then this means the casino will win 30 – 18.948, which = 11.052.
NOW, lets find out how much you win, and lets find out how much the casino wins.
Remember, if your number hits, you win $5, if your number misses, you lose $10.
Therefore, if you are mathematically expected to win 18.948 games. Then you will recieve
18.948 X $5 = $94.74 after playing 30 games.
You are matematically expected to lose 11.052. So you can expect to lose
11.052 X $10 = $110.52.
Therefore, as you can see, you will LOSE more money than you will win. This is not a good strategy. However, one important factor you must understand. If you go to the casino and actually win after reaching 30 games, it only means you got lucky. Think about the lottery, the chances of winning are extremely small, but people still win because of luck. However, you will not continuously get lucky, so this strategy should be avoided at all costs.
That’s not really a strategy, but let’s look at how it would work.
You bet $10 per spin, five on L and five on M.
On average 24/38 spins you would win $10, plus your $5 back. But of course you would lose on the other bet, so your net win would be $5, which is $120.
On average 14/38 times you would lose $10.
So if you did 38 bets, the average over time would be $120 won, and $140 lost. For an average loss per 38 spins of $20.
So the average loss per spin is $20/38 or 52.6c, which by no coincidence is the house edge of roulette, 5.26%.
If you scale that up to 30 bets you would lose on average $15.78.
Is it possible to profit? Of course. It’s possible to profit blindfolded and throwing chips on the table.
But you aren’t changing the odds.
There are no professional roulette or craps players-has anybody ever met one? Of course not! No system, no matter how sophisticated, can turn a negative expectancy into a positive one.