If you bet $100, your odds of winning are around 50% and if you lose, bet $200, and so on and so forth until you win, and then cash out with a guaranteed profit. Assuming odds of black are 47.37% as per American roulette, your odds of not winning a single one after 6 tries are 0.02125 (I think) and decrease exponentially after each subsequent try.
In: 93
each spin of the wheel is its own odds. They show you the previous results s a red herring and while probability dictates that eventually, you HAVE to end on black, the odds say differently. The odds is how the casino earns its money because probability is just a maybe. You also have the 0 and 00 to lessen the odds of black to something like 47-48% (I forget the actual numbers) so a losing progressive will not always work out….especially when you consider the table limits (as in the max bet for a normal roulette table may be $3,000, and you get there really fast on a bad night)
Latest Answers