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Thread: Norm : Roulette

  1. #40


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    Quote Originally Posted by Apex View Post
    Thank you breaking all of this down for. I understand your points, and I appreciate the fact that you understand what my question was. I was looking at the benefits of a Diamond Tier Status with Caesars and if you time your gambling won't their promotions you can get to the status faster. For instance there are 5x even 10x multipliers that turbo boost your status. I'm going to Vegas next month and I have a $450 a night suite comped for 12 nights. That's a $5,400 value. I also get $1,500 in resort credit. These Tiers matter. There are Vegas Influencers who break down how to get these high level Tiers without betting hundreds of thousands of dollars

    Now to the math breakdown of EV. I appreciate that too. Maybe I'm looking at it from the wrong perspective. But this is my question... If I bet $10 on a number and hit, I win $350. If I play the two numbers split I now still have the same 2.7 percent chance to win - but if I hit I only get $170. So the payout, percentage wise is higher for playing the single number versus splitting it with another number. So how can the EV be the same? Thanks.
    You are betting TWO numbers so your chance to win is TWICE as much.

    The house edge is the same.

  2. #41
    Senior Member drunk's Avatar
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    Quote Originally Posted by Apex View Post
    Now to the math breakdown of EV. I appreciate that too. Maybe I'm looking at it from the wrong perspective. But this is my question... If I bet $10 on a number and hit, I win $350. If I play the two numbers split I now still have the same 2.7 percent chance to win - but if I hit I only get $170. So the payout, percentage wise is higher for playing the single number versus splitting it with another number. So how can the EV be the same? Thanks.
    your point seemed valid to me for a while - it seemed like a split bet should pay 17.5/1, not 17/1 for the house edge to be the same a straight bet paying 35/1

    then, I finally figured it out - you hit 2 split bets in a row - you get 17/1 plus your $10 back on each bet - you now have $360 - the same as you have after winning your $10 straight bet on one number

    per wiki - see link - there is a short pay in roulette -

    a top line bet on a double zero wheel on 0,00,1,2,3 carries an expected value on a $1 bet of -0.079

    on every other roulette bet on a 2 zero wheel it is -0.053 -

    on a single zero wheel the expected value of a $1 bet is -0.027 on every single bet -

    kinna interesting roulette trivia - to me anyway



    https://en.wikipedia.org/wiki/Roulette#Bet_odds_table
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  3. #42


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    I'm asking about the EV not the house edge. If I place a $10 wager on the number 1, and hit I profit $350. 2.7 percent chance. If I place the bet in the middle of 1 and 2.... I still have a 2.7 percent chance to hit 1. If I hit, payout is $170. If on the next spin I hit the 2, I get another $170. That's $340 total. So I have a 2.7 percent chance to hit either the 1 or the 2 - resulting in a total of $340 for every two times I hit. It's still less than $350 I get for playing the $10 on number 1 alone. Seems to me like the odds to split the numbers should be 17.5 to 1 if the EV is equal. So it it is, explain to me how it's not 17.5 to 1 instead of 17 to 1

  4. #43


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    Dude you explained it! Wow I didnt see that but it makes sense. I appreciate you. Knowledge gained Brother

  5. #44


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    Actually I thought about it and no that's not correct. If you start with the original $10 bet and you win twice - you end up with a total of $350

  6. #45
    Senior Member drunk's Avatar
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    Quote Originally Posted by Apex View Post
    Actually I thought about it and no that's not correct. If you start with the original $10 bet and you win twice - you end up with a total of $350
    my last try to explain it

    you bet $10 on a split bet - you win $170 and get your $10 back - you now have a total of $180

    you win again on a split bet - you win $170 and get your $10 back - equaling $180

    you now have $360 - the same as you have after winning a $10 bet on one number

    what you are missing - you are getting a full refund of $10 on the split bet even though half of the bet is a loser

    you get a full refund on a straight bet but none of your bet is a loser


    the EV is the same - see linked chart from Wiki



    https://en.wikipedia.org/wiki/Roulette#Bet_odds_table
    Last edited by drunk; 10-31-2024 at 06:02 AM.
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  7. #46
    Senior Member Gramazeka's Avatar
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    Quote Originally Posted by Apex View Post
    How do you beat Roulette?
    How do you beat slot machines from the manufacturer "Apex" ? ))
    "Don't Cast Your Pearls Before Swine" (Jesus)

  8. #47


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    By using Gramazekas money until you win

  9. #48


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    Bro....

    We both have $10.

    I bet my $10 on 1 and get paid $350. I now have $360

    You bet your $10 on a split of 1 and 2. You hit the number 1. You get $170. Add that to your original $10 you now have $180. You take $10 out of the $180 to place your 2nd bet. You hit again. You get paid $170. You know have $180 to go with the other $170. A total of $350. The only way you get $180 twice if you start with 2 separate $10 bets.

  10. #49
    Senior Member drunk's Avatar
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    .

    Apex:

    you're going to hate the corner bet in roulette (any 4 adjoining numbers in a block) even a lot more
    it pays only 8/1
    4 times 8 equals 32

    nowhere close to the 35/1 profit on a single number

    but the EV is the same - believe it or not






    The payout for a single number is 35 times the bet. If you place $1 on each of 2 numbers then when you win on one of the numbers, you win $35-1=34

    that is exactly the same as what you would win if you placed one $2 split bet

    .
    Last edited by drunk; 10-31-2024 at 08:56 AM.
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  11. #50


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    Ok let's accept the EV is the same. What's the better play for your $10 bet? Single number, playing 2 numbers by placing the bet on the line that separatew them, or as you suggested playing the 4 corner bet? What is the best strategy?

  12. #51


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    Sigh. Norm, can we end this? Guy is either a hopeless troll or completely unwilling to read and UNDERSTAND what people are telling him. Hard to believe we're discussing what the best way is to cover the layout in roulette.

    Don

  13. #52
    Random number herder Norm's Avatar
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    Thread closed
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse

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