Civil Discussion About Religion

[Schneed10]

Originally Posted by 724Skinsfan

This is assuming you're wagering on anything other than red or black. As Schneed pointed out earlier, you're chances of landing on red or black are 47 or 48.xxx (I forget exactly). As far as gambling goes those odds ain't half bad. If you wager on a specific color and use probability to figure out the chances of a specific color being rolled out of say 6 or 7 times then you increase your chance of winning provided that you cover all of your total losses thus far on each subsequent wager until your fixed color (red or black) finally comes up. With this simple method you're gambling that your color will come up 1 out of 6 or 7 times. If you win you start the wagering process all over again. The only times you get screwed is if your color doesn't come up after a 7th roll. Again, you're just playing the odds that your color will come up eventually. Whether you have the financial resources to keep up is another story. Regardless, it's not foolproof and you can get burned if your color doesn't come up (10 straight reds or 6 reds followed by 0 then followed by 3 more reds).

Out of 7 consecutive rolls, you're wagering would look something like this: $5, $10, $20, $40, $80, $160, $320. If you play a fixed color the entire time and finally that color comes up you'll win $5 dollars. It's slow and tedious but fairly effective.

Finally a post I don't have to repeat myself over.

First off, whether you're betting red, black, or a single number on the board, when you weight your payout against the odds of winning, the house will take 5 cents of every dollar you bet.

The doubling your bet concept is a simple one, and often does work. Bet $5 on red, if you win, pocket it and bet $5 again. If you lose, double your bet to $10. If you lose that, double your bet to $20, and so on. But at the same time, eventually you are going to hit a cold streak where you lose 8-10 bets in a row. You have to have really really deep pockets to get 8 losses in a row. The chances of losing by betting red or black for 8 times in a row is 0.25%. But if you're doubling your bet, you need to have pockets holding 5+10+20+40+80+160+320+640. That comes to $1275.

You keep doing this long enough, you're going to encounter one of those 0.25% of the times when you're going to lose $1275. Chances are, that's going to offset whatever you're walking away with by winning on the $5 rolls.

No matter how you cut it, the game eventually bites you. They don't call it a house advantage for nothin.