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?

917 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

I could see this being useful in some rare cases, like say you have $9,900 but you need $10,000 to keep from getting evicted. But if you are in this position of having gambling be your savior, it probably is because you gambled poorly in the past. You should stop playing chicken with your finances.

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