2G'$ -- Roulette side bet

2G'$ is one of two new side bets starting a run at the Gold Coast on October 8. It is quite simple, if the two spins after the bet is made are both 0 or 0-0, in any combination, the bet pays 350 to 1.

One of my Ten Commandments of Gambling is "Thou shalt not make sucker bets." However, this is a rare case where a side bet is better than the base game. The house edge on the 2G'$ bet is 2.77%.

For more information please see my analysis of 2G'$ or watch Heather's video below.

The question for the forum is would you bet on the 2G'$ if you were playing double-zero roulette anyway?

This is NOT a sucker bet. Any roulette player who has a hint about the math, should play this.

That said, why would the casino offer this? Perhaps THEY don’t understand the math.

And, yes. Even though my deal with Galaxy went south, I’m still holding out for Poker For Roulette.

http://www.davemillergaming.com/

Every long shot “proposition” bet I’ve ever seen has had a very high edge, usually well over 20%. It really does seem like the casino misunderstands. I suppose part of the reason these bets normally carry a high edge is because the casino is taking some risk with the high variance

Quote: Ace2

Every long shot “proposition” bet I’ve ever seen has had a very high edge, usually well over 20%. It really does seem like the casino misunderstands. I suppose part of the reason these bets normally carry a high edge is because the casino is taking some risk with the high variance

I think the casino would argue that the bet itself will draw more players and action to the table. Perhaps a comparison could be drawn to the odds bet in craps. Zero house edge, but it draws players in who bet (in fact are forced) to make other bets with a house edge.

However, you're right, the usual rule of thumb in the casino business is the higher the variance the higher the edge. You might say the casino is applying the Kelly Criterion.

it is simple, staightforward and will eat uo a bankroll faster, but i,d play it.

bad NME THOUGH

No. This is STILL higher house edge than normal roulette (which means one green zero). Far better to bet on any number - including green zero if you wish - for 35x win.
Perhaps that's why Heather looks as natural as if she would have a gun pointed at her. I almost wanted to call 911!
The only best bet on American Roulette is "00" winning even money instead of losing for a luxurious no house edge head or tail (19:19).

Since we're talking about roulette there is one bet clearly absent and it's 3:1 for any 9 number combination to be named Square or Quarter. It could be allowed by adding a line on the other side of the numbers with four places to bet - 1-9, 10-18, 19-27 and 28-36. Has anyone ever seen this bet somewhere? There's a lot of nonsense system bets with fancy French names, but no obvious 3:1 bet.

PS: I can answer my own question. Microgaming’s Premier Roulette Diamond Edition has "Chip Bomb" bet where each of 10 numbers inside the layout (from 5 to 32) can be selected with all 8 surrounding them. That covers my idea for numbers 5, 14, 23 and 32 with 6 additional Square/Quarter bet shifted left or right. That can also work on some online versions with 4 neighbouring numbers left and right on the wheel from any chosen number, preferably green zero. Still, my idea would be just simpler and workable in a casino.

Quote: MattUK

No. This is STILL higher house edge than normal roulette (which means one green zero).

There’s your mistake.

In the original post, as well as in the article the Wiz posted, he very clearly indicates that this bet is meant for, and is being offered on, a double zero game.

Quote: DJTeddyBear

There’s your mistake.
In the original post, as well as in the article the Wiz posted, he very clearly indicates that this bet is meant for, and is being offered on, a double zero game.

Oh Lord, give me strength. That's what I wrote about Teddy.

Oh. The way you worded it made me think you though it was played on single zero roulette.

Yes, you’re right. It has a higher house than single zero roulette.

But it has a lower house edge than double zero roulette, and that’s where the bet is offered.


I’m adjusting something I said earlier. The bold is my new part:

Quote: DJTeddyBear

This is NOT a sucker bet. Any roulette player who plays double zero roulette, and has a hint about the math, should play this.

Of course, if they really understood the math, they’d play single zero...

Quote: DJTeddyBear

Of course, if they really understood the math, they’d play single zero...

I still don't quite agree. That "normal" roulette beats this pie in the sky bet doesn't make it the best variant. French Roulette halves that 2.70% to 1.35% and that's not nearly all. I especially like the Cayetano Money Back variant where if 0 is spun on any bet, the player is given a fair 50:50 chance to save the stake (they use the simplest - Head or Tail). Now that's a roulette Heather could be excited about! From 1/19 to 1/74 house edge and two games in one which makes it more fun than Roulette73 that never went off.