After researching roulette as a potential investment vehicle, I've reached some conclusions.
My mate, Eeyore, will share them with you. He's the good-looking one on the left. (You've probably met him before in your childhood...in tales about Winnie The Pooh, Piglet and the others. Read the books to your kids before it's too late.)
You remember Eeyore? The bottle's-half-empty donkey. And Pooh? The froth'n'bubble, effervescent the-bottle's-three-quarters-full bear -- the Bear of Little Brain. (A bit like the always-losing roulette players who don't know when to stop...)
EEYORE'S PHILOSOPHY OF ROULETTE
"I tell you, Pooh, if something can go wrong then it WILL," said Eeyore gloomily, as he moved closer to peer at his reflection in the pool -- and promptly fell in.
He slowly clambered out and vigorously shook himself in all directions.
Pooh quickly moved back and nodded. "Yes. I see what you mean, Eeyore."
Eeyore eyed the ground gloomily. "If something can go wrong it can it WILL. ESPECIALLY if you play roulette."
Pooh looked puzzled. "Roulette...what's that?"
Eeyore looked up and smiled. "It's where a little ball goes round and round in circles and carries peoples' hopes and dreams with it. A metaphor for Life, really.
Trouble is, people don't realise they must choose to either play roulette to make a profit, and then leave. Or they play just for recreation and stay.
But they can't do both -- play for a profit AND keep playing longer."
"Why not?" Pooh still looked puzzled.
"Because they are both Mutually Exclusive, that's why not. Just Common Sense, really. Hurumph...what DO they teach 'em in schools today?"
Pooh clapped his hands delightedly and frothed with excitement. "Ooooooooooo...I love BIG WORDS. Mutually exclooooooooooooooooosive."
He suddenly stopped, frowned and asked again, "But why not?"
Eeyore sighed patiently. "It's because of the House Edge, that's why not. This Edge ensures the casino wins all your money in the end if you play long enough.
Some people are daft enough to play with TWO ZEROS where the House keeps $5.26 out of every $100. Others play with just one zero where the House keeps $2.70 out of every $100.
NO ZERO roulette is the best of all. But there's not much of that around. You've just got to decide if you're going to play for pleasure or for money."
Pooh had, by now, almost overdosed on excitement. "Ooooooo, money rhymes with honey. My favourite. So I want to play for money, Eeyore. Lots of money means lots of honey. What must I do?"
Eeyore began to explain to a wide-eyed Pooh who leaned forward so he wouldn't miss a word.
"Well, it's like this -- just Common Sense, really. Firstly, Pooh, my Bear-of-Little-Brain, you must promise to...
1 ...NEVER play online RNG roulette. RNG stands for Rip-off Number Generator, Pooh. The numbers are produced by software, written by humans. The software can have all sorts of tricks embedded in it and you'd never know. Neither would the casino auditors.
They try to ensure the casino is operating fairly, but they never check the programmers' code for fairness. So fairness becomes a motherhood statement rather than a cold, hard reality.
Numerous tales abound of RNG letting you win a bit then claws it all back in a way that defies normal, random behaviour.
My first -- and last -- experience was when I bet $1 on 34 numbers. I won the first two spins.
Then lost the third. That was quick but well, it had to happen sometime. Then it lost the fourth. Now the chances of two consecutive losses like that are pretty remote.
THEN I PROMPTLY LOST THE FIFTH SPIN, TOO.
The odds of three consecutive losses where only three numbers are uncovered are astronomical. The software was patently obviously rigged.
I lost $102 just like that. But the lesson learned to never again bet with RNG was worth every penny.
It's simply Common Sense, isn't it?
2 Play only on a live wheel online, or at a proper casino. where a human croupier spins the wheel. The results are determined by chance and by natural physics -- not by dishonesty, lies and basic theft.
It's simply Common Sense, isn't it?
3 Be VERY careful about which casinos you play with. Do your homework. You want to deal with honest houses that will pay out promptly and accurately.
It's simply Common Sense, isn't it?
4 Read the fine print before you accept any bonuses of any type.
It's simply Common Sense, isn't it?
5 In fact, it's best to play safe by refusing bonuses IN WRITING and ask for a WRITTEN CONFIRMATION. This is because it's hard to get your own money back until you've fulfilled often unreasonable wagering requirements attached to the bonus. See? The longer you play the more likely you'll lose the bonus AND you own deposit.
It's simply Common Sense, isn't it?
6 The exception to this is if you decide to use a bot specifically intended to milk the casinos of their bonuses by rapid placement of wagers to meet the casino's requirements. That's until the casinos wake up to what is happening and take steps to prevent the use of bots. If it can happen it WILL...remember?
It's simply Common Sense, isn't it?
7 Play roulette with a HIT'N'RUN STRATEGY ONLY that defines:
* a realistic profit level at which you STOP and walk away with your profit
* a sensible stop loss point at which you STOP and walk away and cut your loss
If you keep playing, the HOUSE EDGE WILL BEAT YOU IN THE END. You can't argue with probability; YOU CAN'T BEAT PROBABILITY.
It's simply Common Sense, isn't it?
8 Use a system based on where the ball lands. In that way you use basic physics plus chance to guide your selections.
It's simply Common Sense, isn't it?
9 Don't expect to make massive profits on biased wheels. Today's wheels continuously run diagnostic software that will sniff out serious bias long before you ever detect it.
It's simply Common Sense, isn't it?
10 Avoid any systems based on patterns, predictions and the like.
As a child once remarked: 'THE BALL HAS NO MEMORY.' In other words, the numbers are unrelated in a predictive sense.
It's simply Common Sense, isn't it?
11 NEVER pay for a roulette system. If the sellers' claims were true they would be quietly making a fortune with no need to sell their horrible products.
At best it might work for a bit, and then you lose your money. At worst, it's an outright scam.
But if you REALLY want to buy a system then only buy it if it's sold through Clickbank. Then you can get your money back within 56 days if you're not satisfied. THAT IS CLICKBANK'S POLICY AND IT WORKS.
You claim the refund via Clickbank -- not through the vendor.
It's simply Common Sense, isn't it?
12 Finally, bear in mind, my Little Bear, that the roulette professionals -- those who make a living wagering on the wheel -- do NOT publicly reveal their methods, they embrace anonymity, they NEVER sell their methods, and they always stay beneath the casino's radar.
The last thing they want is public recognition of who they are, what they are doing, how they do it, and how successful they are, to avoid being banned by the casinos.
"So, there you are. My Philosophy of Roulette. It's. All. Simply. Common. Sense. Isn't it?" Eeyore nodded to his own question. "Come on, Pooh. It's time for tea now. Enough of philosophy for today."
He ambled off followed by a dazed Pooh. Deep in thought Pooh finally decided that although money rhymed with honey some things were more important in life.
Things like his friends, like his little house in The Woods, like his pot of honey, and particularly his peace of mind undisturbed by greed.
He ran to catch up with Eeyore, greatly looking forward to a little honey on his bread, for his tea.
"And bugger the wheel," he said.
esoito
You write very well!
Sam
Nice post esoito. (https://www.vlsroulette.com/proxy.php?request=nolinks%3A%2F%2Fvlsroulette.com%2FSmileys%2Fdefault%2Fsmiley.gif&hash=ca88df023dc1601fdad082cd8d48c9fadc067e0c)
esoito
Very nice
Hey Esoito,
A very fine post indeed (https://www.vlsroulette.com/proxy.php?request=nolinks%3A%2F%2Fvlsroulette.com%2Frichedit%2Fsmileys%2FYahooIM%2F77.gif&hash=b1e5b5ca6eeebd5fcd921e90332125ec7ae35045)
@Moderators, maybe this should be a sticky thread...
Would be nice to read as a newcomer to this forum i guess. Especially because it is so well written, that even children would get the message.
Best Regards
Kingpin
A big thank you from Eeyore and me for your positive and appreciative comments thus far. :)
My aim of the post was to try to rein in desperate newcomers looking at roulette as a means of their financial salvation in these difficult times.
Better still, let them not even consider roulette as a solution!!! Sheer, self-destructive madness to do so...
However, those still determined to try their luck must, of course, approach it with realistic profit targets, stop losses and self-discipline.
Hopefully the post will help some avoid inevitable disaster...
We always need to remember Eeyore's maxim: If something can go wrong IT WILL.