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Online Share Trading

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Want to beat the roulette table?

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Super Contributor
adios amigos, gotta run, good luck out there.....heres to another night trading Aussie/$ just warming up......if you happen to walk past a roulette table you know what to do!
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Super Contributor
You can never beat the house. If you do find a way of winning, the casino changes the rules in their favour. Years ago Blackjack paid 3 to 1. Casinos found the odds were too close to 50/50 so they changed this to 2 to 1. Now in the US some casinos have even reduced this to 6 to 5. The second zero in roulette was introduced for the same reason. And house limits are not there to protect the punter as they pretend. They are there to screw any system you come up with. Lastly if any punter wins more often than the casino wants they ban them. You cannot win. Casinos are a licence to steal money.
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Super Contributor
So I see there is a problem by the 6th bet or something where the casino regulations come into effect! If u can't double your money on that turn, then u place a small bet and u carry on doubling then after. Theoretically it can "save" u a bit of money since the colour is on a roll. Well...did we crack the system???
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Super Contributor
Going.. Going..Gone!!! Now..Don't drive too fast to the casino OK!! Bunch of Gamblers!
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Valued Contributor
nope .. read the book, casino management systems ..
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Frequent Contributor
Apparently, card counting in Black Jack is the only game where you have a higher than 50% probability of winning, but it's slim... more like a fraction of a percent higher... and you have to count cards :(
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Regular Contributor
Shares were boring for some time and I was on an extended leave too, so this is quite a nice thread (albeit slightly off topic or is it gambling like shares??). Most has been said - doubling up only slightly favours you if you have the patience to wait for 6/7/8 or more reds and then start betting black (Jophn's system) but, as said and experienced by many - you can still get busted! Question - Why does it always look to me as if these big, irresponsible, impulsive ? gamblers, just walking past the table and putting 10 or more chips on about 70% of the numbers and splits are winning every time??
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Regular Contributor
I used to play 6 numbers all related to my family birthdays i used to sped R200 and stick to these numbers only 6 chips 1 on each number I won 6 times out of 7 and got out at R500 up giving me R300 beer money does this mean I had a system no not at all however the point being is it worked for me although i have to admit the 7th time when i lost my R200 I never went back
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Super Contributor
Actually the odds are worse than 50/50. "0" belongs to the house. Why on earth would you offer long odds on a set where you are 50/50 The house wouldn't and doesn't. Also - multiple players at 50/50 + "0" on black vs red (x2 positions) and odd vs even (x2 positions) gives the house quite nice odds in practice.
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Ninja, mathematically you have 2 problems here. In statistics, the events you refer you do not have implied odds. In other words, if you have hit 6 reds in a row, statistically the rare event is the 6 in a row. The next roll of the ball is still 50/50 (less the pesky 0 which really throws everything off). There is no mathematical law that changes those odds. Secondly, your double up strategy now introduces one of the most under-looked issues a trader faces, the principle of drawdowns. In other words how many times can you actually afford to be wrong. If you keep doubling up on a R10 initial bet, then a 10 times losing streak will set you back R5110. And what do you get when your eleventh bet wins? A R5120 bet wins you R10 - wow!
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Hehe I like 'The classic' 401 rule 4 black and the red about to come. Indeed why not then bet on black ?? uhhh 4 black 0 red ??? Where are the odds ??? No wounder 90% fail at trading
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But hey ... Indeed one of the best chat in a long time ... THX
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Valued Contributor
folks .. here's how you beat the house .. start with say R1k .. if red doesn't come up, you double the bet and bet in red again .. rinse and repeat until red comes up .. two problems, one is emotional and that is your draw down .. the second breaks the system, the house has a limit on bet size .. so the house always wins .. tis easy, be the casino ..
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Super Contributor
Simon.....me thinks you have hit it on the head...anyways, was a fun thread. Go Red!!
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Occasional Contributor
Used to make some good bucks on Black Jack counting Cards years ago when still at varsity! (Not as difficult as the "urban legend", don't need to be a Genius at all!) However... with ever increasing decks being used and basically instant re-shuffling you're now GAMBLING! That's what you do in a CASINO! Roulette,. one wheel that shouldn't have been invented! Stay Away!
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Super Contributor
One thing for sure you can make very good money without actually offering value of any kind to the consumer.. now that is a bit of an ah! moment for me.
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Super Contributor
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While we are on this subject: Have you been to an auction website called www.smokoo.co.za. It is the best mind messing website I have ever seen. You think you bid 5c in the meantime you are bidding 5 bucks everytime you bid and on top of that how come you have to pay 5 bucks for every bid on a auction site? Man are they ripping the not so clever people off. Okay re-phrase. The website owner is a genius. The "gamblers/bidders" are not.
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Valued Contributor
ya, last week some oke paid R18k for an iPad .. including all the R5 he had to pay to bid .. ouch ..
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Super Contributor
This is exactly what I asked higher up the thread... it seems to me that there is some merit to this model but not in its current form
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