Roulette Winning Strategies
It doesn't require an extensive mathematical background to look at the 38 identically-sized spaces on an American roulette wheel (note the 35-1 payoff on a single number) and conclude that the game is unbeatable. With a 1 38 chance of having a number come up on the next spin and the 35-1 payoff, it is easy to calculate the often-quoted expectancy of the player of -5,26. The odds for other wheels, especially the Wheel of Fortune, appear even more against the player. The unbeatability of the roulette wheel is based on the mechanical perfection of the wheel such a conclusion is based on the assumption that the ball has an equal chance of landing in each pocket. This may or may not be true, although Allan Wilson, in The Casino Gambler's Guide, and others give fairly convincing evidence for the existence of biased wheels wheels sufficiently biased to overcome the house advantage. The very mechanical perfection of the wheel, however, would suggest the applicability of the laws of physics to...
Consider this Gambling successfully is predicated on putting yourself into situations where you have a positive expectation. That's why there aren't any professional craps or roulette players. In the long run, there is no chance of winning when the odds are not in your favor. Any reasonably skilled poker player can find games where he or she is favored to win. While favorites can and do get beaten, they show a profit in the end.
In many gambling games, it is trivial to determine your exact expectation for every bet you make. For example, there are 38 numbers on an American roulette wheel 18 red, 18 black, and 2 green zeros. When you bet on a single number, you are paid 35-to-1. Assuming a fair wheel, there is a 1 in 38 chance that the ball will land on your number. If you bet S100 on number 16, you will lose on average 37 out of 38 times, but win S3,500 1 time out of 38. Thus, your EV for this bet is -S5.26. On average, your SI00 bet loses S5.26. For a simple game like roulette, you can calculate your expectation for any bet down to the penny. (You also do not know what board cards will come, but you can exactly calculate their likelihood of appearing, just as you could calculate the likelihood that the roulette ball would land on your number.)
While online players can make expensive mistakes more quickly, live players in a casino have their own temptations to deal with. The most obvious of these are the little temptations sitting right outside the poker loom craps tables, roulette, slots, and, for many players, blackjack.24 Everybody knows that these games are losing propositions, but they can be very tempting if you are stuck and want a quick way to get back to even. 2. Don't gamble at stakes that will seriously eat into your poker winnings. There is no point in playing poker for three hours with an expected earn rate of 20 per hour and then playing roulette for an hour with 20 bets on your way out. If you really must play these games, play at stakes as small as you can bear, and try not to do it every time you play poker. If you get into the habit of gambling in games you can't beat, it can end up being a huge leak.
y place a bet and it doesn't win, or that the games don't let faeta win often enough. Actually, that's not the case. If you bet on the number 22 on a roulette wheel, the number will hit, in the long run, exactly as often as it's supposed to (one time in 3 8), and when the number doesn't hit, the casino is perfectly fair it takes all your money, just as it's supposed to. In fact, in a sense you lose only when you win. When number 22 actually hits, the casino pays you less than required for an even-money bet 35-to-l instead of the even-money odds of 37-to-l. It's these tiny taxes on the winning bets that provide the casino with all its gambling profits.
Don't really pay much attention to it at all. After enough sessions, however, you begin to sense something at work. You might win 200 on one occasion, but lose slightly more - 260, say - on another. Or you might win 100, but you lose 140, and so on. Gradually, the outline of a larger picture emerges, and it's a picture you've seen somewhere before in the slot machine area of the casino, at the roulette wheel, or at the blackjack tables. Your good times are being milked, squeezed, raked. You somehow don't seem to win quite enough during the good times to make up for the bad times.
In some gambling games, the only decision you make is how much to bet. For instance, in our coin-flipping and die-rolling games above, you just Hip the coin or roll the die and make the appropriate payouts based on the result. Similarly, in roulette you place your wager on one or more numbers and spin the ball. Your expectation is determined solely by the payout structure and the size of your wager. But in other games, such as blackjack or poker, there are additional decisions to make. In all of these games, the correct decision is the one that maximizes your overall expectation.
As soon as he enters the casino, the player must make several important decisions, the first being What game do I play Even after this choice is made, most games offer additional options Do I play individual numbers or the even-money bets in roulette Do I stand with a pair of eights in blackj ack or should I hit or split the pair Should I bet pass or the one-roll propositions in craps The two examples presented thus far are admittedly simple, but often this type of analysis is all that is needed to evaluate a proposition. Consider the dozens bet in roulette. Our expectation for a 1 bet is Different betting amounts have different expectations. But the player's expectation as a percent of the amount betSs always the same number. In the case of betting on the Red in roulette, this is 18 38 - 20 38 -2 38 -1 19 or about -5.26 . Thus, the expectation of any size bet on Red at American double-zero rouletteis -l 19orabout - 5.26 ofthe total amount bet. So to get the expectation for any size...
It should be clear that for this method to work, we have to time the ball (and rotor) before placing our potentially winning bets. (Earlier bets are losing, on average, so are only camouflage.) Thus, the casino must allow us to continue to bet for a time after the ball is launched. I have observed roulette wheels all over the world Monte Carlo (our final goal), Nevada, Puerto Rico, Nice, Venice, and London. The practice has been, generally but not always, to allow bets until the ball was almost ready to fall off the track. This was much longer than we needed. Be warned again, though all the casino needs to do to prevent our method is to forbid bets once the ball is launched. That simple perfect countermeasure is the Achilles heel of the system and a major reason why I never made a total effort to implement it. (People who use the system in casino play say the casinos don't catch on and don't use the countermeasure. But if the player is not really careful, I would expect the casino to...
Note The Library of Congress does not catalog books about poker under the subject of Gambling. The 375 books listed under Gambling include books on blackjack, boule, cards (nonpoker), cardsharping, craps, fero, horse-race betting, parimutuel betting, probabilities, raffles, roulette, speculation, trente-et-quarante, and wagers . . . but none on poker. Apparently, the Library of Congress does not consider (classify) poker as gambling.
If your opponents all played perfect poker, you could not possibly win in the long run. On nights when your cards ran much better than average, you would win. When your cards ran worse than average, you would lose. Overall, though, no matter how well you played, you could not beat the game long-term. In fact, if you played in a casino or any place that takes a collection or rake, you would be doomed to lose as surely as if you played craps, roulette, or keno.
In most gambling situations like casino craps and roulette, the odds on any given bet are constant. In others they change, and mathematical expectation can show you how to evaluate a particular situation. In blackjack, for instance, to determine the right play, mathematicians have calculated your expectation
Poker hands are independent trials, which means that the distribution of cards on a previous hand has no effect on the distribution of cards on any future hands. When you rely on reasoning like He's gotten his miracle card five times in a row, so I'll fold and break the streak, you're committing the gambler's fallacy. It's like betting on red at the roulette wheel because the last seven numbers have been black. The wheel has no memory of past events, so it doesn't know that a red number is due. Repeat after us Streaks only exist in the past.
Pot odds are the ratio of the current size of the pot to the bet that you must call. For instance, if you must call a 4 bet, and the pot currently contains 40 (including the 4 bet), then your pot odds are 40-to-4 or 10-to-1. Pot odds are the most important factor determining a play's expectation. Just as the expectation in roulette would change significantly if they decided to pay 20-to-l
In the last chapter, I described a system for winning at roulette based on physical prediction. That system was developed largely in 1961 and 1962 in collaboration with Claude Shannon at MIT. One by-product was an even simpler system for physical prediction of the Wheel of Fortune. A story about me and blackjack card-counting in Life magazine, March 27,1964, reported on this in a section entitled Beating the Wheel of Fortune with the Big Toe.
It is natural for anyone trying to understand probability theory to try simple experiments by tossing coins, rolling dice, and so forth. The naturalist Buffon tossed a coin 4040 times, resulting in 2048 heads and 1992 tails. He also estimated the number n by throwing needles on a ruled surface and recording how many times the needles crossed a line (see Section 2.1). The English biologist W. F. R. Weldon1 recorded 26,306 throws of 12 dice, and the Swiss scientist Rudolf Wolf2 recorded 100,000 throws of a single die without a computer. Such experiments are very time-consuming and may not accurately represent the chance phenomena being studied. For example, for the dice experiments of Weldon and Wolf, further analysis of the recorded data showed a suspected bias in the dice. The statistician Karl Pearson analyzed a large number of outcomes at certain roulette tables and suggested that the wheels were biased. He wrote in 1894 Even if there were no zeros on the roulette wheel so the game...
Roulette Winning Betting Strategies Revealed
All of us want to win when playing at casino, but unfortunately almost99 of casino players lose at last. Is this means that we cant win at Casino? Although its true that there is no 100 guaranteed formulas that can enable us towin at casino, but if we play smartly, we should be able to make some good money from casinos.