Joyner808
Joined: Dec 27, 2014
• Posts: 10
December 27th, 2014 at 2:20:31 PM permalink
Looking for criticism/advice and the odds or probability of loosing this.
Bet ¢25 on the previous color, if i doesn't hit, switch to the color. Then repeat with the following betting pattern.
So basically what are the odds of Red then Black to hit consecutively 10 times.

1- .25
2- .25
3- .75
4- 1.50
5- 3.00
6- 6.25
7- 12.50
8- 25.00
9- 50.00
10- 100.00

I have used this in play mode for an hour and I've won \$45.00, I know its a matter of time before I lose.
Thanks.
odiousgambit
Joined: Nov 9, 2009
• Posts: 6926
December 27th, 2014 at 2:26:24 PM permalink
Quote: Joyner808

Looking for criticism/advice and the odds or probability of loosing this.
Bet ¢25 on the previous color, if i doesn't hit, switch to the color. Then repeat with the following betting pattern.
So basically what are the odds of Red then Black to hit consecutively 10 times.

1- .25
2- .25
3- .75
4- 1.50
5- 3.00
6- 6.25
7- 12.50
8- 25.00
9- 50.00
10- 100.00

I have used this in play mode for an hour and I've won \$45.00, I know its a matter of time before I lose.
Thanks.

well, as you can imagine no one has thought of anything like this before! You'd think the online people would not have left themselves open to this, but ....
Baccarat is a game whereby the croupier gathers in money with a flexible sculling oar, then rakes it home. If I could have borrowed his oar I would have stayed. ~Mark Twain
Joyner808
Joined: Dec 27, 2014
• Posts: 10
December 27th, 2014 at 2:30:28 PM permalink
I would still like to know odds of lossing
DJTeddyBear
Joined: Nov 2, 2009
• Posts: 9394
December 27th, 2014 at 3:40:09 PM permalink
The odds of X reds or blacks in a row is a simple calculation:

Double Zero: ( 18 / 38 ) ^ X

or

Single Zero: ( 18 / 37 ) ^ X
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition.
Joyner808
Joined: Dec 27, 2014
• Posts: 10
December 27th, 2014 at 3:52:03 PM permalink
So red/black/red/black/red/black so forth is no different than say Red coming up the same amount of times?
DJTeddyBear
Joined: Nov 2, 2009
• Posts: 9394
December 27th, 2014 at 4:06:40 PM permalink
Correct. It doesn't matter what the pattern is, or even if you predefined the pattern. As long as before each spin you pick one of those even money bets, the odds of being wrong X times in a row is easily calculated using the formula above.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition.
Joyner808
Joined: Dec 27, 2014
• Posts: 10
December 27th, 2014 at 4:23:50 PM permalink
Thank You, So (18/37)^10= 0.0007425194 So thats 1 in .00074% chance of it happening? or 99.925748 chance or not happening?
beachbumbabs
Joined: May 21, 2013
• Posts: 8469
December 27th, 2014 at 4:28:56 PM permalink
Quote: Joyner808

Thank You, So (18/37)^10= 0.0007425194 So thats 1 in .00074% chance of it happening? or 99.925748 chance or not happening?

It's both, though the decimal point in the first is off; .074% of it happening, 99.925...chance of it not happening.
"If the house lost every hand, they wouldn't deal the game."
Joyner808
Joined: Dec 27, 2014
• Posts: 10
December 27th, 2014 at 4:31:24 PM permalink
Thanks Guys. Does not seem to bad to try only with a \$200.00 bankroll.
OnceDear

Joined: Jun 1, 2014
• Posts: 1604
December 27th, 2014 at 5:04:27 PM permalink
Quote: Joyner808

I would still like to know odds of lossing

The odds of doubling or losing your bankroll are both approx 50:50 with losing it being favourite.

Note to mods. Seriously, are the recent joiners who propose Martingales and roulette strategies all from the same ip address of the same junior school?
Embrace the Variance