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Number Six

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April 02, 2009, 10:05:18 PM

Spike

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April 03, 2009, 12:00:21 AM
In roulette, the house edge is represented by the odds-payout discrepancy.  Technically this is caused by the zero>>>

The house edge comes from all the bets having unfair payout's. The zero is just an extra pocket. The dozens should be 3/1, the columns 3/1, a street should be 12/1, double street 6/1, the inside 37/1, etc. Its impossible to beat a game using a mechanical system where all the payouts are so skewed in favor of the house.

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Number Six

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April 03, 2009, 08:33:54 AM
Oh, God, here we go again  ::)

The devil's advocate has reared his head.

Quote from: Spike
In roulette, the house edge is represented by the odds-payout discrepancy.  Technically this is caused by the zero>>>

You replied:

The house edge comes from all the bets having unfair payout's
.

Yes we know, what you've said is only a reworded version of what I said in the original post. You also said that zero was an extra pocket...so, then, that extra pocket is where the discrepancy comes from and makes the payouts unfair.
Examples of the discrepancy:

Straight Up Odds: 36/1     
Payout: 35/1

Split Odds: 17.5/1
Payout: 17/1

Street Odds: 11.33/1
Payout: 11/1

But thanks for reiterating what I already told you.

Quote from: Spike
Its impossible to beat a game using a mechanical system where all the payouts are so skewed in favor of the house.

Spike, I don't mean to offend you but this is just more of that bigotry you are famous for. It really is about time you got over this phase and tried to look at the game differently, instead of just seeing the obstacles. If everyone thought like you humanity literally would have got nowhere.

Lanky

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April 03, 2009, 10:36:33 AM

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Number Six

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April 03, 2009, 02:19:16 PM
Lanky,

Thanks for the compliment, mate.

You are right, of course, it's all about effective tactics in-game regarding the good runs and the bad ones. Astute tactics and unbeatable strategy behind the scenes is a winning combination. Naturally there will be losses...but casualties should be expected!

Strategy, such as long-term plans and goals etc, is simply essential. A well-modelled strategy will save you when the storm clouds gather overhead.

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Spike

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April 05, 2009, 06:11:37 AM
If everyone thought like you humanity literally would have got nowhere.>>

I've beaten roulette with a non-mechanical method. Perhaps I don't belong here, where the seekers gather.. Everyone need to discover the truth for himself.

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sniper

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April 05, 2009, 08:45:30 AM
Hello Number Six,

You are truly a man of wisdom. I fully agree with what you have posted above. As I said earlier, all we need to do is use Victor's LW + Lanky's Divisor + a bit of creativity = Profitable system. I strongly believe we can build not one but many winning systems by following this superb formula. We will not find the universal holy grail. We will definitely find our personal grail. All we want is to be profitable in the long term and Lanky has proven that without doubt. What more can we ask for? We should start working out our grail, all the tools needed is here and already laid out in this forum. Why are we still arguing every now and then? We should either work together in small group as a team to build our common grail. Otherwise we can choose to build our personal grail. I believe Victor and Lanky will be happy to help those who sincerely work hard to find their grail.

Regards

sniper

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Stepydan

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June 10, 2009, 11:58:53 PM

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Stepydan

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June 11, 2009, 12:27:48 AM
I have found this at gamblingchitchat.com :

Quote
You can calculate the roulette house edge to play the game online by subtracting the theoretical payment without the house edge from the actual payoff that is publicized in the casino. Multiply this figure with the mathematical probability of gaining your bet. Multiply the sum further by 100 to arrive at the percentage house edge.

For instance, in American Roulette there are 38 pockets on the wheel (36 numbers and 2 zero pockets). If the casino payoff is 1:35, the probability of your winning is 1:37. Thus, we calculate the house edge as: [37/1 - 35/1] x 1/38 x 100 = 5.263%.

If this is the case with European Roulette, there are 37 pockets on the wheel (36 numbers and a zero pocket). If the casino payoff is 1:35, the probability of you winning is 1:36. The house edge is calculated as: [36/1 - 35/1] x 1/37 x 100 = 2.703%.

The above analysis is a pointer to always go for European Roulette unless you especially like wagering on the 00 pocket.

The house in roulette has the same edge on all other kinds of bets, because the payouts are set as if the zero square(s) did not exist. The only exclusion are the 5 numbers bet where the house edge is substantially greater (7.89% on the American wheel) and the 'even money' bets in some of the European roulette games, where it is halved because half the stake is lost when a zero comes up.

Ok, I am better informed now  :biggrin:

Cheers  :)

Stepy.

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Shorty

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June 11, 2009, 12:33:05 AM
The payout at Betfair remains at 35-1. Which means there is zero house edge.

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Number Six

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June 11, 2009, 05:33:21 PM
Stepydan, hi. I think you managed to answer yourself  :thumbsup:

But:
Yep, the Bet Fair table is the European version, which pays 35-1 straight up.

If you bet all 37 numbers on a Euro single 0 table, you would receive only 36 units back. That is the discrepancy and it's caused by an extra number, the zero. When you remove the zero you get fair payouts (36 back when you cover all 36 numbers).

At Betvoyager it's confusing. For starters their conventional American game pays 36-1 (compared to real casino odds of 35-1). But on other games they have increased the payouts and left the zeros in. This also removes the vig as the payouts are fair (it's actually 36-1 for European and 37-1 for American).

I hope your confusion has cleared  :)

spiderheinz

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March 17, 2010, 08:30:51 PM
Sure, this game was invented to fill the pockets of the inventor(now the casinos) more than 200 years ago.  In my opinion the house edge can be be beaten ,when you play your own rules- find a situation and use it with a short attack - or a longer attack,when using a progression.  Like in trading, accept  losses but win much more attacks.   
Many of systems i have seen are to complicated-so I use my own approaches. 
best ,spiderheinz

gavind

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December 01, 2013, 08:39:07 PM
Quote
Like in trading, accept  losses but win much more attacks.   

No change yet. I still see this trend even for this year.