Red or Black theory

[matthew]

My friend tried this last night and won quite a lot of money.

Basically the idea is to stick with one colour tripling every time you lose, and when you win starting again at £1.

1. £1 Winnings (not including stake) £1 Probability of losing = 50%
2. £3 " £2 " 25%
3. £9 " £5 " 12.5%
4. £27 " £14 " 6.25%
5. £81 " £41 " 3.125%
6. £243 " £122 " 1.5625%
7. £729 " £365 " 0.78125%
(continue)

Can't say i would have the guts to keep going when the money starts going into the triple figures but that's the idea, anyone tried anything similar to this? I suppose the idea is if you have the money you will eventually win.

Zero means a small percentage loss

However i have seen Red/Black come up 6/7 times in a row a few times

 

[sydney]

200 red
400 red
800 red
1600 red

time to go home....walking most likely....

 

[Tummy Burger]

It's the oldest roulette strategy going. Known as the Martingale. Mentioned before on here. It's doomed to fail every time. Don't go near it with a barge pole. However if you re any good at sports betting then you can tailor a modest version of increasing stakes with the footy.

 

[EDS]

This is doomed to fail because you will either meet the house bet limit which means all staked on that run is lost, or the casino will just ban you as they will no you are doing it and they do not like it.

 

[sam86]

A mate pretty much does this with one number, raising 50p a time.
So 50p on 7, £1 on 7, £1.50 on 7, etc.
Quite a bit less scary than the above technique, and he normally does quite well.

 

[Kumquat]

You could do what Ashley Revell did back in 2006 and bet your 75 grand life savings on red or black. He went red and won. Tried to post the you tube clip but for some reason having problems doing so. If anyone can do so, would be nice. Very good to watch. You actually feel nervous for him.

 

[kingcole]

My friend tried this last night and won quite a lot of money.

Basically the idea is to stick with one colour tripling every time you lose, and when you win starting again at £1.

1. £1 Winnings (not including stake) £1 Probability of losing = 50%
2. £3 " £2 " 25%
3. £9 " £5 " 12.5%
4. £27 " £14 " 6.25%
5. £81 " £41 " 3.125%
6. £243 " £122 " 1.5625%
7. £729 " £365 " 0.78125%
(continue)

Can't say i would have the guts to keep going when the money starts going into the triple figures but that's the idea, anyone tried anything similar to this? I suppose the idea is if you have the money you will eventually win.

However i have seen Red/Black come up 6/7 times in a row a few times

Your figures are correct, but highlight why this should not happen.

Ok - You win a £1 or you lose £729 if you stop after 7 spins.

The chances of it getting to 7 of the same will happen on about one in 130 instances. With an average casino with 5 roulette tables, spinning at one a minute, the odds of putting down a £729 wager are actually quite high.

Roulette has a built in house advantage. There are 37 outcomes (38 if you are daft enough to play a double zero board) and the odds are 35-1.

The only way to win at roulette over time is to find a single zero board that pays 37-1 or more.

Of course you won't........

 

[Blue and White Tiger]

You are forgetting that there is a ZERO, thus making it more than a 50% chance of losing. MONG

 

[8ace]

Mugs.

 

[TWOCHOICEStom]

Oh dear Matthew. Oh dear.

 

[matthew]

You are forgetting that there is a ZERO, thus making it more than a 50% chance of losing. MONG

That changes the odds a tiny amount anyway, when you next in B town?

 

[matthew]

Mugs.

Oh dear Matthew. Oh dear.

It WORKS, I'll be the next Tony Bloom!

 

[kingcole]

That changes the odds a tiny amount anyway, when you next in B town?

It actually changes the odds a massive amount.

The zero ensures the house makes a profit. Without, the house would have as much chance of losing as the player.

 

[Blue and White Tiger]

It actually changes the odds a massive amount.

The zero ensures the house makes a profit. Without, the house would have as much chance of losing as the player.

Exactly

 

[Blue and White Tiger]

It's like when two football teams are both EVENS or greater to win a match against each other. Doesn't mean you will definitely win by backing both of them as it could be a DRAW.

 

[matthew]

It actually changes the odds a massive amount.

The zero ensures the house makes a profit. Without, the house would have as much chance of losing as the player.

1/37 of hitting 0, if you hit it using this theory of tripling you are basically evens because you get half your money back so just go back to £1 and start again

 

[hybrid_x]

i looked into this a while ago - it has been recorded of RED or BLACK occuring 18 times in a row.....you need a big bank account.

i stick with footy "in play" evens bets. doubles of two teams "double chance" draw no bet, at 60 minutes..........this is where the money is.....you can see how the game is flowing and double your money......if you lose - double up the stake on the next "double bet."

accumulators harldy ever come in - when they do - it just keeps you at them for another year or so.

texas holdem and blackjack can be profitbale too if one knows what they are doing (not so much me).

 

[Pintos]

You will lose money playing Roulette in the long run. Mathematical Fact.
With one zero on the wheel the expected return on any bet is 97.30% (36/37).
If you place two bets the expected return becomes 97.30%*97.30% = 94.67%. Play 26 hands and the expected value of your pot is 49.05% of starting amount, assuming you haven't run out of money. Sit there and bet on 100 turns of the wheel and you can expect to have 6.5% of your money left.
All these strategies do is skew the odds so that you win 99% of the time, but lose 1% of the time. And that 1% will be bigger than all the winnings. Probably.

My advice? Back Bristol City to beat Middlesbrough this weekend, 9/5 best price.

 

[TWOCHOICEStom]

That changes the odds a tiny amount anyway, when you next in B town?

Ok confirmed. You're quite young. Your naivety is forgiven.

 

[reigate]

My friend tried this last night and won quite a lot of money.

Basically the idea is to stick with one colour tripling every time you lose, and when you win starting again at £1.

1. £1 Winnings (not including stake) £1 Probability of losing = 50%
2. £3 " £2 " 25%
3. £9 " £5 " 12.5%
4. £27 " £14 " 6.25%
5. £81 " £41 " 3.125%
6. £243 " £122 " 1.5625%
7. £729 " £365 " 0.78125%
(continue)

Can't say i would have the guts to keep going when the money starts going into the triple figures but that's the idea, anyone tried anything similar to this? I suppose the idea is if you have the money you will eventually win.

Zero means a small percentage loss

However i have seen Red/Black come up 6/7 times in a row a few times

From someone who learnt the hard way - don't do it