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Posted by: Jufo at January 19, 2008, 6:16 pm
Topic: Why we cannot win playing European Roulette. Forum: Casino Meister


Quote: Originally Posted by SlotMonster

Hello folks!
In file attached you can find an argument why we cannot win playing European Roulette. It's just my poor effort. Waiting your answers and comments. Thank you!

What you calculated in the file was obvious already. But you could try to calculate a more interesting question:

1. Given that you take 100$ to Roulette and make 5$ even money bets, what is the probability that you will never exceed your starting balance (100$) at any point?

2. Same question as before but now you double your bet after losing two times in a row (ie.bet 5$,5$,10$,20$,40$... until you win).

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