Roulette Edge Question

[joel2006]

Can someone please show me how to compute our expected loss if me and a friend both go play roulette and bet $100 on opposite colors 100 times?

[T50_Omaha8]

There is a 2/38 or 1/19 chance that you bust on any given spin.

Your expected loss per spin is 200(1/19). You can just multiply by the number of spins, since each is independent.

Then your expected loss after 100 spins is 200*100/19.

Another way to find this is to look at the event that a zero occurs as a geometric distribution. Since the probability is 1/19, the mean is 19 spins. The expected number of zeros in 100 spins is then 100/19. Multipling this by your bet size ($200) gives you your expected loss.

[jjshabado]

Money Laundering?

[Flip-Flop]

The EV of any bet in American Roulette is -5.26% of the bet.
Thats the house edge per bet.

EV of $100 bet on the Red or Black:
($100*18/38)+(-$100*20/38)= -$5.26

On average, you and your friend together are expected to lose $10.52 per round, $5.26 each.
So the answer to your question is $1052.

[joel2006]

[ QUOTE ]
The EV of any bet in American Roulette is -5.26% of the bet.
Thats the house edge per bet.

EV of $100 bet on the Red or Black:
($100*18/38)+(-$100*20/38)= -$5.26

On average, you and your friend together are expected to lose $10.52 per round, $5.26 each.
So the answer to your question is $1052.

[/ QUOTE ]

This doesn't seem right since we only lose half a bet when 0 or 00 comes up. Never mind , I see now it doesn't matter.

[joel2006]

No, trying to pimp some comps, for weekend rooms and such.

[rufus]

[ QUOTE ]
No, trying to pimp some comps, for weekend rooms and such.

[/ QUOTE ]

Depending on how much effort you want to put into it, the Vegas games with the lowest house edge are typically Black Jack or Craps.

[btmagnetw]

why don't you use a strategy in which your odds of winning are greater than 0%

[metalman7474]

listen up guys! they say no strategy works but let me state otherwise. i use the martingale tech. i start with a bank of lates say $500. i bet $10 on black or red. if i lose , i dbl down until i win. by using $10 as my initial betting, then with a bank of $500, ican afford to dbl downseveral times b 4 my bank is consumed..odds are 7 consecutive colors are not gonna come up in a row.by betting $10, u can lose 5 or 6 in a row but when u dbl down and eventually win, you have won all your money back + $10. so the lesson is to bring a significant bank, so that u can keep dbling down until u win it back. ive never lost using this strategy.sometimes i win $100 other times much more. good luck and test it out 4 yourself.

[Sevenfold]

[ QUOTE ]
listen up guys! they say no strategy works but let me state otherwise. i use the martingale tech. i start with a bank of lates say $500. i bet $10 on black or red. if i lose , i dbl down until i win. by using $10 as my initial betting, then with a bank of $500, ican afford to dbl downseveral times b 4 my bank is consumed..odds are 7 consecutive colors are not gonna come up in a row.by betting $10, u can lose 5 or 6 in a row but when u dbl down and eventually win, you have won all your money back + $10. so the lesson is to bring a significant bank, so that u can keep dbling down until u win it back. ive never lost using this strategy.sometimes i win $100 other times much more. good luck and test it out 4 yourself.

[/ QUOTE ]

Sstop givingv out our seceret.if you tell all they will play like us and casinos will lose all$$$$ and none left for us so keep it on lodown and i will see you there.sometimes i bet 5 double everytime so they wont ban me from casino disguise strategy. free$$$$$$ but no one else tell.