Betting Challenge - Continued

Michael - As per your request - a new thread that will hopefully stick to the subject.

I have two specific questions regarding your challenge:

1) What would be the maximim inside bet on Roulette, and
2) Are multiple $5000 bets allowed (e.g. $5000 on Red and $5000 on Odd)?

If your could post the full challenge - as it currently exists - it would be appreciated.

The reason I am asking about this is not because I believe I have some super-duper betting system (one doesn't exist), but rather if the increased betting spread would introduce some interesting possiblities given the nature of the challenge.

For example, assume you are allowed to bet $500 on the inside, and have multiple $5000 bets on the outside. You could start with $5,000 on 19-36 on a single zero wheel with en-prison. You could then bet $500 on each of the numbers from 19 - 36, $500 on the splits and $500 on the corners. You could then bet $500 on each of the 19-21 & 22-23 streets, $250 on the 19/22 alley and $1250 on the third dozen.

You now have an effective max even money bet of $21,750 - and $5000 of that only has a 1.35% edge against you.

So, you effectively have a progression spread between $5 and $21,750 with the early parts of the progression with only a 1.35% HA.

This would also present a possiblly interesting "bet Big & Flee" strategy as well.

I don't know enough about progressions (I've never played one) to know if within the context of the challenge this type of spread would overcome the 10 to 1 odds.

Quote: scotty81

The reason I am asking about this is not because I believe I have some super-duper betting system (one doesn't exist), but rather if the increased betting spread would introduce some interesting possiblities given the nature of the challenge.

For example, assume you are allowed to bet $500 on the inside, and have multiple $5000 bets on the outside. You could start with $5,000 on 19-36 on a single zero wheel with en-prison. You could then bet $500 on each of the numbers from 19 - 36, $500 on the splits and $500 on the corners. You could then bet $500 on each of the 19-21 & 22-23 streets, $250 on the 19/22 alley and $1250 on the third dozen.

You now have an effective max even money bet of $21,750 - and $5000 of that only has a 1.35% edge against you.

So, you effectively have a progression spread between $5 and $21,750 with the early parts of the progression with only a 1.35% HA.

This would also present a possiblly interesting "bet Big & Flee" strategy as well.

I don't know enough about progressions (I've never played one) to know if within the context of the challenge this type of spread would overcome the 10 to 1 odds.

I'm confused. How are you coming up with the 1.35% HA? I thought every bet in Roulette had the same house edge (1/37 for single 0, or 1/19 for double 0). Isn't the house edge just a function of the shortpayment on wins? If all wins are shortpaid, how do you cut into the house edge?

Quote: rdw4potus

I'm confused. How are you coming up with the 1.35% HA? I thought every bet in Roulette had the same house edge (1/37 for single 0, or 1/19 for double 0). Isn't the house edge just a function of the shortpayment on wins? If all wins are shortpaid, how do you cut into the house edge?

He mentioned that he would be playing on a single-zero rule with the en prison rule. Outside bets get a chance at a "repreive" if the zero hits, so the house edge on those bets is cut in half. That doesn't apply to inside bets.

scotty, I'm sorry, I didn't see this thread until now, but I just subscribed so I'll see replies. You ask a good question. The $5000 table max is the max of all wagers placed for a round, so you can't make multiple $5000 wagers, no matter what the game. I just clarified that in the rules on my website.

As for the en prison rule which gives a 1.35% edge, I never said I'd offer en prison. I said standard Vegas rules, and even when you can find single-zero in Vegas, they don't offer en prison, to my knowledge. However, I'd likely allow en prison anyway, since a system still can't beat my challenge anyway even if I offered this generous rule which you can't even get in Vegas.