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Roulette system

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  1. #1

    Default Roulette system

    I have a friend who is playing a roulette system online.

    Basically he bets 1 dollar on either red or black and if he loses he bets 3, 5, 10 and so forth. When he wins he bets 1 dollar again.

    I have 3 questions:

    1. Is this illegal?

    2. What is the chances of missing 7 times in a row?

    3. Do you think its profitable given a 100 dollar max bet?
    A foolish man learns nothing from his mistakes.
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    A wise man learns from his own mistakes, and those of the smart man and the fool.
  2. #2
    rong's Avatar
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    3. No!

    It is profitable with an infinite br & no max bet, otherwise, sooner or later, you lose.
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  3. #3
    sounds like martingale
  4. #4
    a500lbgorilla's Avatar
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    Under the incorrect assumption that winning a red/black bet in roulette is 50/50 (there are 2 green bits), the chance of going 7 in a row losing is .5^7=.0078125 or .7%

    It is neither illegal nor profitable as the house still profits on every bet made.
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  5. #5
    JKDS's Avatar
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    But if you keep making bigger and bigger -ev bets you go so far negative you turn positive right?
  6. #6
    1000 games:

    *WIN: 993 = 993 USD
    LOSE: 7*160 = 1120 USD
    PROFIT: - 127

    Aight, its a losing game. But my "friend" just won 350 USD in a couple of hours!

    *Every time he wins on his 3 dollar bets me profits 2 dollar, so the WIN nr is a bit low.
    Last edited by Sir Pawnalot; 09-15-2010 at 06:09 PM.
    A foolish man learns nothing from his mistakes.
    A smart man learns only from his own mistakes.
    A wise man learns from his own mistakes, and those of the smart man and the fool.
  7. #7
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  8. #8
    Quote Originally Posted by Sir Pawnalot View Post
    Aight, its a losing game. But my "friend" just won 350 USD in a couple of hours!
    That's a 6-pack, double-cheesburger and 3.5 hours at a rub and tug.

    Stop now. Who needs moar than that?
  9. #9
    Too late Benny ...

    I just lost my head and started doing 100 dollar bets ... lost 4 in a row.

    No more roulette for me. But thanks guys, I guess this one only works with infinite bets and infinite bankroll.

    iluguiefvuhEF!!!
    A foolish man learns nothing from his mistakes.
    A smart man learns only from his own mistakes.
    A wise man learns from his own mistakes, and those of the smart man and the fool.
  10. #10
    rpm's Avatar
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    Quote Originally Posted by Sir Pawnalot View Post
    I guess this one only works with infinite bets and infinite bankroll.
    no. it's a losing strategy. as is any strategy which involves betting on red/black when there is green.
  11. #11
    confirmed illegal
  12. #12
    Quote Originally Posted by drmcboy View Post
    confirmed illegal
    interpol en route to norway
  13. #13
    spoonitnow's Avatar
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  14. #14
    rpm - Thanks.

    You are absolutely right. Every bet made is EV-.

    Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
    A foolish man learns nothing from his mistakes.
    A smart man learns only from his own mistakes.
    A wise man learns from his own mistakes, and those of the smart man and the fool.
  15. #15
    nice_aiau's Avatar
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    You need to play more tables
  16. #16
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    Quote Originally Posted by Sir Pawnalot View Post
    Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
    You were eventually going to lose.
    LOL OPERATIONS
  17. #17
    Quote Originally Posted by Sir Pawnalot View Post
    Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
    No, that's just you being irrational
  18. #18
    Quote Originally Posted by Sir Pawnalot View Post
    rpm - Thanks.

    You are absolutely right. Every bet made is EV-.

    Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
    You bring up a good point. It's just like how Road Runner would run off of the cliff and not fall. It makes sense because what the hell do Road Runners know about gravity? But then Wile E. Coyote would do the same thing and fall and fall and fall because he read that book about Sir Isaac Newton.

    The lesson here is, and Jesus and Republicans would agree: blessed are the ignorant.
  19. #19
    If you look on the interwebs there are various places (betfair is one) that offers "zero edge" roulette. So, with an extremely large bankroll, you could employ this strategy and show a profit.

    However, there is still a key problem with this strategy - it's bollocks.

    Play and play and play until your colour comes up and all you win is your original stake ($1 or whatever). This doesn't make for a very good hourly rate so there are far +EV things you and friend could be doing with your time.

    Also, any online house will limit your betting very quickly if you start showing a consistent profit. Any limit on what you can bet renders this system redundant.
    Last edited by kevster; 09-16-2010 at 11:40 AM.
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  20. #20
    Hey guys, remember when sir pawn admitted he was a troll like ... last week?

    ...yeah...jus'sayin'...

  21. #21
    Quote Originally Posted by kevster View Post
    Also, any online house will limit your betting very quickly if you start showing a consistent profit. Any limit on what you can bet renders this system redundant.
    This is very true...I degened $50 into $1200 on drunken blackjack at an online casino one night. The next day they froze my account force deposited it into my Moneybookers acct without my knowledge or consent. You'd think they would have wanted me to keep playing and give them the money back (the whole reason for comps at a b&m casino, right?) but I think they just preferred to be rid of me.
  22. #22
    Quote Originally Posted by BennyLaRue View Post
    This is very true...I degened $50 into $1200 on drunken blackjack at an online casino one night. The next day they froze my account force deposited it into my Moneybookers acct without my knowledge or consent. You'd think they would have wanted me to keep playing and give them the money back (the whole reason for comps at a b&m casino, right?) but I think they just preferred to be rid of me.
    I guess they have seen the movie 21 and think it works online? lol

    Even at a zero edge roulette game, if you don't have an infinite bankroll (and no betting limit) when using this system, you WILL still go broke. DUCY?
    Some days it feels like I've been standing forever, waiting for the bank teller to return so I can cash in all these Sklansky Bucks.
  23. #23
    KoRnholio -

    ICY. You will always risk total busto - its just a matter of time.


    BUT ...

    You could treat this system as a kind of russian roulette ... ill explain

    Lets say you have a bankroll of 100 000 USD

    Levels: 1 - 3 - 5 - 10 - 20 - 40 -80 - 160 - 320 - 640 - 1280 - 2560 - 5120

    The chance of missing all 13 levels is small, so you can win a lot of easy dollars.

    But if you lose ... BANG!
    A foolish man learns nothing from his mistakes.
    A smart man learns only from his own mistakes.
    A wise man learns from his own mistakes, and those of the smart man and the fool.
  24. #24
    Yeah but pawnalot how much you could win in a session is irrelevant, if you incorporate the risk of busting averaged into each individual game you'll find out that you're losing money every time you play (2.13% of your bet if you can manage 6 rounds) - Martingale (betting system) - Wikipedia, the free encyclopedia
  25. #25
    a500lbgorilla's Avatar
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    Quote Originally Posted by Sir Pawnalot View Post
    rpm - Thanks.

    You are absolutely right. Every bet made is EV-.

    Just a curious note: As long as I believed in the system I was winning. But as soon as I realized it was a losing game, i started losing. Makes me wonder if the act of observing can alter the results. Maybe the quantum world offers infinite opportunities and that by observing we chose one of them. That the world we see is the one we create ...
    Hahaha, based on this? YouTube - Dr Quantum - Double Slit Experiment
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  26. #26
    bigred's Avatar
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    That's a lot different than my double slit experiments...
    LOL OPERATIONS
  27. #27
    does not work, been there, done that! Its very beliva-ble with the nekkid eye
  28. #28
    This thread makes me sad.
  29. #29
    lolzzz_321's Avatar
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    tell us more about the ford escort
  30. #30
    It is a 94 model, 1.3 litre engine with over 60 horsepowers. It is red.

    Top speed tested to 160 km/h. 0 - 100 km/h in about 15 seconds.

    Runs smooth, but dampers are a bit loose.
    A foolish man learns nothing from his mistakes.
    A smart man learns only from his own mistakes.
    A wise man learns from his own mistakes, and those of the smart man and the fool.
  31. #31
    lolzzz_321's Avatar
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    i think my lawnmower has more horsepower
  32. #32
    What's a damper and why do I need one, let alone multiple?
  33. #33
    Think I meant shock absorbers. The car is a bit wobbly.

    lolzzz -Can I be your gardener?
    A foolish man learns nothing from his mistakes.
    A smart man learns only from his own mistakes.
    A wise man learns from his own mistakes, and those of the smart man and the fool.
  34. #34
    bjsaust's Avatar
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    Quote Originally Posted by Sir Pawnalot View Post
    KoRnholio -

    ICY. You will always risk total busto - its just a matter of time.


    BUT ...

    You could treat this system as a kind of russian roulette ... ill explain

    Lets say you have a bankroll of 100 000 USD

    Levels: 1 - 3 - 5 - 10 - 20 - 40 -80 - 160 - 320 - 640 - 1280 - 2560 - 5120

    The chance of missing all 13 levels is small, so you can win a lot of easy dollars.

    But if you lose ... BANG!
    So in essence you're prepared to risk $100k to win $1?
    Just dipping my toes back in.
  35. #35
    bjaust wrote - "So in essence you're prepared to risk $100k to win $1?"

    Not me, I abandoned this system rather quickly. As many people have pointed out, this system WILL make you go busto in the long run.

    ITT this system is highly discouraged.
    A foolish man learns nothing from his mistakes.
    A smart man learns only from his own mistakes.
    A wise man learns from his own mistakes, and those of the smart man and the fool.
  36. #36
    Quote Originally Posted by BennyLaRue View Post
    I degened $50 into $1200 on drunken blackjack at an online casino one night
    haha jesus. you say some funny shit dude
  37. #37
    I just stay away from roulette system. This is the best system to beat the players. Especially online. Just my two cents though.
  38. #38
    spoonitnow's Avatar
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    Excellent contribution to a five-year-old thread.

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