Most games at Casinos are stacked against you. They have very smart math and stats geeks who've figured all this out. Try counting by yourself with a 6 deck shoe. Or even a single deck is hard because they reshuffle after 2-3 hands.
One interesting thing from the article. Picking unpopular combinations of numbers can offer less competition in large jackpots. i.e. adjacent numbers 23-24-25, etc... because people mistakenly believe that's less likey to happen than totally random numbers.
The odds of hitting red or black is 50/50, green doesn't factor into those odds. You're adding up the odds of red or black out of all possible outcomes, not just the outcome in a perfect world of just red or black.
If you're being pedantic, since New Scientist is a British publication, European roulette would be played which only has a single zero on the wheel, therefore making the odds of hitting Red or Black 18/37 or ~48.65%.
In addition, some online casinos offer games with no house edge - Betfair, for example, allows you to play roulette without a zero. I'm unsure if this is simply a loss-leader or whether it turns a profit indirectly due to gambler's ruin and earnings through additional deposits.
Oh gawd, not the Martingale again. (do not do this. The modern expression is "The market can stay irrational for longer than you can stay liquid") At least arbitrage across bookies is reasonably safe. And I like the "marriage problem" concept.
I think they would just break even until they couldn't afford their next bet after losing one color a lot. Whenever black would win, it would win at the expense of red, and vice versa.
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[ 3.2 ms ] story [ 32.2 ms ] threadhttp://wizardofodds.com/roulette
Most games at Casinos are stacked against you. They have very smart math and stats geeks who've figured all this out. Try counting by yourself with a 6 deck shoe. Or even a single deck is hard because they reshuffle after 2-3 hands.
One interesting thing from the article. Picking unpopular combinations of numbers can offer less competition in large jackpots. i.e. adjacent numbers 23-24-25, etc... because people mistakenly believe that's less likey to happen than totally random numbers.
In addition, some online casinos offer games with no house edge - Betfair, for example, allows you to play roulette without a zero. I'm unsure if this is simply a loss-leader or whether it turns a profit indirectly due to gambler's ruin and earnings through additional deposits.
http://finance.yahoo.com/q/bc?s=DIG&t=2y&l=off&z...
[Warning: Doing the above features similar dangers as a Martingale system.]