Why can’t people go to the casino playing roulette and bet on black, and if they lose, double what they lost and bet on black again until they win?

875 views

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

49 Answers

Anonymous 0 Comments

If you’re nerve holds out as quite quickly the sums can get very large just doubling there is also the added issue that betting red or black on roulette is not a 50:50 odds, as there is a Green 0 or 00 this tips the odds ever so slightly towards the house

You are viewing 1 out of 49 answers, click here to view all answers.