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?

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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.

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Anonymous 0 Comments

There is also 0 and 00 so that wipes you out. Even if you play on the thirds and you bet 1-12, 13-24 that would be 2/3 of the table you still get wiped out by 0 and 00

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