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The Chip Board Archive 02

Re: Roulette chips
In Response To: Re: Roulette chips ()

John, step back and read your message again. Then read this line... All bets on the roulette table are paid at the same odds except the five number, which is Aprox. 7.9% in the houses favor.

ALL other bets are paid at 5.263157894% (big numbers are so impressive?) which most of us will call 5.27% <G>

The six number bet pays at 5 to one, the three number at 11 to one, and if you do the math, on these and all the rest, they all have a house advantage of 5.27%.

Try this if you still don't believe me. Three number bet. You win 11 to one. 11 x 3/38 -1 x 35/38 = -2/38 0r about .0526

Probability of a win is 3/38, probability of a loss is 35/38, you bet $1 and if one of the three numbers hits you win $11

A single zero wheel is 2.7% house advantage. Does anyone still have these in Las Vegas?

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