Lucky Symbols Roulette
September 10th, 2014 at 2:07:08 PM
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Lucky Symbols Roulette is a set of six side bets I saw at a casino in London last February. Please click the link. As always, I welcome all comments, questions, and especially corrections.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
September 10th, 2014 at 2:17:30 PM
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Mike- I would disagree with your advice in the Strategy section. You say, if you must bet, bet the prosperity bet, which pays even money with a house edge of 10%. The 80 to 1 bets have a house edge of 11%. I would prefer a long shot with a very slightly higher house edge to an even money bet with a huge house edge. Your suggestion is of course based on EV. With such a huge house edge for all bets I think the longshot is a 'better' bet......
September 10th, 2014 at 2:25:03 PM
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The variance is higher... that's often 'better' for the gambler.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
September 10th, 2014 at 3:11:39 PM
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Quote: SOOPOOMike- I would disagree with your advice in the Strategy section. You say, if you must bet, bet the prosperity bet, which pays even money with a house edge of 10%. The 80 to 1 bets have a house edge of 11%. I would prefer a long shot with a very slightly higher house edge to an even money bet with a huge house edge. Your suggestion is of course based on EV. With such a huge house edge for all bets I think the longshot is a 'better' bet......
That's a fair point. However, in the 1700 pages on my Odds site I've always advised going with the decision that loses the least money. After 17 years, I hate to start singing a different tune.
I've thought about introducing a new statistic for variance-loving players, but never took action on it. However, if I did, it would probably be the standard deviation divided by house edge. Such a statistic would look good for these 80-1 bets.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
September 10th, 2014 at 5:50:14 PM
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Quote: WizardI've thought about introducing a new statistic for variance-loving players, but never took action on it.
I say go for it. It'd be damn interesting from your perspective.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
September 10th, 2014 at 6:01:28 PM
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thank you for thatQuote: Wizard<snip> I saw at a casino in London last February.
"Of course, you would do much better to just stick to roulette with a house edge of 5.26%."
They have 00 Roulette in London?
maybe both house edges should be provided if that is the case
Sally
I Heart Vi Hart
September 11th, 2014 at 2:49:03 PM
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Quote: mustangsallyThey have 00 Roulette in London?
They did on this game. As here, people were playing it, despite a single-zero table right next to it with the same limits.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
