House Edge Effect on Roulette
Quote: AxelWolffor the record Are you declaring what Bob has indicated he does is in fact a method? Please clarify that statement. Because before I thought you said that everything you knew about his play indicated a system.
link to original post
He has said publicly many times he doesn't have a system, but a method. I am only repeating what is public knowledge.
Quote: lilredrooster
the Wizard answered my PM indicating that there is a way to figure this out although there may not be a handy formula
There is:
type "binomial probability calculator" into a search bar, then just follow the steps to see an almost 4.5% chance of profit after 1000 spins.
Quote: EvenBob
They think it's simple because they don't understand what's going on. They think the house edge has an effect on every bet you make in roulette even in the short term. That pesky HE makes the game impossible to beat. This is absolutely true if you're talking long-term betting randomly you're screwed. Put in the extreme short-term, where you make the next bet and where we all live, there are no rules there is only short-term variance and you can get an edge over the game for one or two spins if you know what you're doing.
This sounds a lot like some other people I've heard who are fixated on things like past spins influencing future spins. Those people generally either have no clue how casino games work or are being dishonest. Sometimes both.
