Roulette Odds Reddit
What are the roulette odds of the ball landing in the same colour ten times in a row? What about landing on the same number twice? Let´s take a look, and then we´ll explain how this relates to the Gambler´s Fallacy, or the Monte Carlo Fallacy- the belief that the odds of a black number coming in increase, the more times you see red.
Let´s look at a European Roulette wheel. Over a single spin, the odds of a red number coming up are 18/37, or 1 in 2.06. Over 2 spins, the odds of 2 reds coming in are 1 in 2.06×2.06, or 4.24.
The odds of seeing 10 reds in succession are 1 in (2.06) to the power of 10 = 1 in 1376.
Always bet on inside bets. You stand a greater chance of winning when you bet on inside. Unlike the inside bets with specific sectors of the wheel, outside bets are a lot harder to beat due to it’s scattered representation of the Roulette wheel. This is a little Roulette tip most gamblers seem to ignore. For example, the odds of winning on a European roulette wheel are 1 in 37 if you bet on a single number. But with a roulette computer device, you could win as often as 1 in 10 spins. So you will have more than tripled your odds of winning, making the typical roulette odds somewhat irrelevant. Which Bets Have the Best Odds? Roulette Odds: The Basics. As a starting point, you need to understand that different variants of roulette will have different odds. And different bets will also have different odds (one of the reasons why, when we are thinking about European Roulette versus European Roulette, we always advise you to play the latter where possible).
The best odds of receiving 100 back is to just put half on red and half on black. This is the best odds to get 100 back. But I think you also may be asking what’s the most I can guarantee if I put 100$ on a roulette table? 2.78$ on green at 1/35 EV≈97.3 48.61$ on red at 1/2 EV≈ 97.22 48.61$ on black at 1/2 EV≈ 97.22. Roulette odds are pretty bad, curious why you'd want to play it online? 1 point 3 years ago. Help Reddit App Reddit coins Reddit premium Reddit gifts.
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Pretty low odds that you´ll ever see this, in other words. But that doesn´t mean it isn´t going to happen. In fact, the longest number of reds in a row was recorded in an American Casino in 1943 when 32 came up in a row. Now imagine that you were betting the Martingale that day! The odds of seeing that are 1 in 11 million, or thereabouts by the way.
Another huge streak (this time on black) was seen by the players at the Casino in Monte Carlo who saw 26 blacks in a row on the table on 18 August 1913. The odds of this happening? A mere 1 in 145,000.
And this gave name to the Monte Carlo Fallacy, otherwise known as the Gambler´s Fallacy, as the longer the streak went on, more and more people started piling their chips on to red. And they lost a lot of money.
So what happened?
Gambler´s Fallacy
The important thing to understand and to get your head around, is that these are odds over multiple spins. And here´s the thing. In roulette, you can´t bet on what is going to happen over 10 spins, you can only bet on the next spin. And thus the odds are always the same – 18/37, whether the red came in 10 times previously or not. The wheel has no memory from spin to spin. It is not a living thing.
Tip for Martingale Players
Martingale System Players are often susceptible to long runs as they double their bet after a loss. Start your first bet low if you employ this strategy to give yourself the most room for manouevre
See The Martingale StrategyYou are Betting on One Spin Not Multiple Spins
When you are betting on one spin, the odds are for one spin, and for one spin only.
One things for sure about the Gambler´s Falllacy- the casinos love it! Don´t get sucked in, keep your thinking hat on.
One thing’s for sure- there are plenty of people who have worked out that the odds are with the casino on roulette, and have opted to scam the casinos instead, like the roulette scam in Ohio. Just be warned- that’s illegal. They got busted.
FAQs Roulette Probabilities
- What are the odds of seeing 10 reds in a row on a roulette wheel? The odds of seeing 10 reds one after another are 1 in (2.06)10 = 1 in 1376. But remember, you cannot bet on 10 spins, only on a single spin. Here the odds are 1 in 2.06
- What is the definition of the Gambler’s Fallacy in roulette? The Gambler’s Fallacy is the incorrect belief that a certain event like flipping a coin or the ball landing on a black number is more or less likely, due to a previous sequence of events.
This is incorrect for mutually exclusive events because each event is independent with a result that has no relation to past events. Think about it this way. Is the wheel thinking after each spin, “I spun a red last spin. Let´s throw in a black to even things up.” No.
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Albert Einstein supposedly once said: “No one can win at roulette unless he steals money from the table while the croupier isn’t looking.”
Although I wouldn’t normally question Einstein, this statement isn’t true. In fact, you can use Einstein’s specialist subject, physics, to help you win. Or you can find a biased wheel that makes some numbers more likely to come up.
What Einstein actually meant was that there is no mathematical trick that can help you win at roulette. Each spin is an independent trial and, in the long run, the casino will win. This is different to a game such as Blackjack where the probabilities change as cards are dealt.
Roulette Odds Reddit Streams
But some believe that it is possible to exploit the way the roulette wheel, and the betting cloth, is laid out to give themselves an advantage. The idea is that you can make bets on the layout in a way that you are guaranteed to win. But is this really possible?
Roulette wheel layout
Like a dartboard, the layout of a roulette wheel did not come about by accident. It was carefully planned and exhibits certain properties. In fact, there are two different layouts. An American wheel and a European wheel. The two layouts are shown below.
Notice that the American wheel has two zeroes. This is important as it doubles the advantage for the casino. On a European wheel you would expect to lose, in the long run, 2.7% of any money you bet with. On an American wheel you can expect to lose 5.26% (if you are interested in the mathematics of roulette, the video at the end will show you how these odds are calculated).
The numbers are arranged in a different order on each wheel but there are some similarities in the patterns. On both wheels, the red and black numbers alternate around the wheel, although if you removed the zeroes, the American wheel would have consecutive reds and blacks. The wheels are also structured so that the low numbers (1-18) and the high numbers (19-36) should alternate as much as possible.
On a European wheel, this is only violated where the 5 sits next to the 10 (both low numbers). On the American wheel, there are many examples where this rule is violated. It is for this reason that the American wheel is considered not as balanced as the European wheel. Both wheels also try to distribute odd and even numbers as evenly as possible. But again there are a number of violations of this rule on both wheels.
On the European wheel there are two other interesting symmetries. First, all the low red numbers and black high numbers are on one side of the zero, and the high red numbers and low black numbers are on the other side. Second, the sequence 29-7-28-12-35-3-26-0-32 contains no numbers between 13 and 24 (the second dozen). You can place a bet on the whole of the second dozen, with odds of 2-1.
So, can we beat the maths?
A simple search on Google will return many (possibly millions) of systems for playing (and supposedly winning) roulette. Some easy, some complicated, some well described, some not so.
A system should really be a combination of a playing strategy and a money management strategy. Perhaps the best known money management strategy is the Martingale system. This system is guaranteed to win money as long as you have enough of a bankroll to double your bet after every loss and you do not hit the table limit, which you will quickly do so. The Martingale system is probably the quickest way to bankruptcy known to man.
Whatever betting strategy, and money management strategy, you choose, they all suffer from the same fate. Assuming that each number on the wheel has the same probability of being selected – meaning the wheel is not biased – the maths means the casino will always win. The system may look good, and may work in the short term, but when one of the numbers comes up that you have not bet on you will lose and the casino will move towards its win expectation (2.7% or 5.26%).
Some systems involve betting on many numbers, perhaps 20. In this case, you will win quite often as you are covering more than half of the numbers. But when one of the numbers does not turn up (and it will almost half the time) you lose all of the 20 bets you have made. This will often wipe out any wins to date.
Any system, so far devised, can be analysed to show that there is a win expectation for the casino. The following video shows the maths.
You might as well place a single chip on the same number every time and hope that it appears more than it should during the short time that you are playing.
Roulette Odds Reddit Ufc
We can dress up the layout of the wheel, the layout of the betting cloth, our number selection and our money management system however we like, but the maths is always there, quietly working against us. You might as well just have fun, pick random numbers and trust to Lady Luck. Either that, or do as Einstein suggested and steal chips (not that we’d recommend it).