| Posted by: Dave R at June 13, 2001, 4:29 pm | | Topic: Help me out here... Forum: Winner Online |
Aaronzdad and Profithunter,
"In the 1967 edition of the 'Theory of Gambling and Statistical Logic'
(pages 58-59) Richard Epstein published a mathematical proof that demonstrates unequivocally that all betting systems applied to negative expectation games lose in the long run. Epstein did not prove that all Martingales do not work, or all Reverse Labouchere do not work, or all previously conceived staking systems do not work. He proved that ALL staking systems - those already conceived and those not yet conceived - are doomed to fail."...
..."Any player who places a bet anywhere on a double zero roulette wheel anywhere in the world does so bucking a house advantage of 5.26%. It doesn't matter if the last ten numbers were black, or the last twenty were red. It doesn't matter if the player's a mathematician, a statistician, or a dammed fool. Every spin of the little white ball is a new universe, and that's as immutable as the law of gravity.
The technical term for this phenomenon is the LAW OF INDEPENDENT TRIALS, which simply means that roulette balls have no memories. A roulette ball doesn't know that the last ten numbers to come up have been black, so its time for red. How can it? Roulette balls are made of plastic or Teflon or ivory, and have no thoughts to speak of. Roulette balls do not struggle with Boolean logic, non-Euclidean curved space, or issues of mind-body duality. Roulette balls contain no awareness, no ideas, no consciousness at all. Probability is the only force governing the outcome of the game of roulette, and it does so ONE SPIN AT A TIME. The universe is renewed each time the croupier launches the ball."
One more thing. Playtherush is right about Jerry Patterson. His systems don't work.
Dealer signature was disproven by Thorp many years ago.
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