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The Chip Board Archive 03

I should have addressed your exact ...

... example, too, Gene.

If I bet on 10 numbers $1 each straight up and repeat that bet 38 spins in a row, I will win 10 times and lose 28 (assuming a 0/00 wheel) or 27 (on a 0 wheel). For my 10 wins, I will be paid 10 x $35 or $350, plus keep my $10, for a total of $360. The house will take my other $9 on each of my ten winning spins plus all $10 on each of the other 28 spins.

To bet 10 numbers each 38 times, I invest $380. I end up with $360. The house keeps $20 out of $380 which is, VOILA, 2/38's or 5.26%.

Obviously, this may vary over a short period of time, but played long enough, the probabilities will assert themselves and the house will win its 5.26%, no more and no less.

Riddle me otherwise, Batman! <g> ----- jim o\-S

Messages In This Thread

Roulette & 5.2%
Re: Roulette & 5.2%
Re: Roulette & 5.2%
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Re: No, no, no, ...
Quick Calculations ...
Re: Yes, Yes, Yes! Craps and odds
Re: Yes, Yes, Yes! Craps and odds
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Re: No house edge
You're all wrong, your chances are 50/50
Re: Roulette & 5.2% - a starting point
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Re: Good Roulette Story
Gene, you're going to have to explain ...
I should have addressed your exact ...
Re: Gene, you're going to have to explain ...
Re: Gene, you're going to have to explain ...
I got it, Gene ...
It's simple, ...
Re: I got it, Gene ...
Thanks for the simple explanation ...
Re: Thanks for the simple explanation ...
Re: KENO.
Re: I got it, Gene ...
Re: I got it, Gene ...
Re: I got it, Gene ...
You'd like this....
Re: I don't believe it!....
Re: I don't believe it!....
Re: I don't believe it!....
E-town
Re: I don't believe it!....
Nitrous?!?
Re: Nitrous?!?
Re: Nitrous?!?
Re: Nitrous?!?
Re: I got it, Gene ...

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