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Admin
I modified this code to adhere to a slightly different betting theory. If, instead of backing down after the second bet, one continued to double their bet after each loss during a streak, you would think that eventually probability would win out. Anyone who has taken statistics could tell you this is not true. I thought it was very interesting to see in a real world example.
Oddly enough, this betting pattern seems to produce better results... That is until you hit a streak of 17 black in a row. Over a long enough time, the house always wins.
Admin
The results from the random numbers seems off. There are tons of 0's and 00's, and on one table it output 00's back to back.
What are those odds?
Admin
You have a 18/38 chance (47.368%) chance of winning if you're betting odd/even/black/red playing American roulette. You have a slightly better chance when playing European roulette 18/37 (48.648%).
The only way to succesfully win is to keep betting double or more (based on the last bet) on pair bets. Ex. bet 1, lose 1, bet 2, lose 2, bet 4, win 4 - total winnings = 1
Besides the house advantage, casino's set limits (minimum bet and maximum bet) on tables - which essentially makes the above approach useless. Because it only works if you have unlimited funds and there is no table max limit.
I've run some simulations and have seen it's quite possible to easily lose 19+ times in a row while betting on the same color.
Simply, there are no 'tricks' in roulette the casino's haven't outlawed or made futile.
Admin
part of the house advantage is the "0" and "00" spaces on the wheel, which are neither Black OR Red...
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