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mustangsally
mustangsally
Joined: Mar 29, 2011
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September 14th, 2014 at 2:29:29 PM permalink
Quote: Wizard

Trivia time! What is the sum of all the numbers on a roulette wheel?

where did that image come from?
crazy code

I would do the math this way for adding up 1 to 36
37*18

works good too for 1 to 6
7*3

works good too too for 1 to 5
6*2.5

even down to 1 to 2 (add 1 to 2)
hmmm
3*1

Sally
I Heart Vi Hart
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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September 14th, 2014 at 3:22:23 PM permalink
A couple years ago there was a news story saying the actual number of the beast was 616 due to a mistranslation somewhere. Hasn't caught on yet.
I am a robot.
aceofspades
aceofspades
Joined: Apr 4, 2012
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September 14th, 2014 at 3:27:15 PM permalink
So my non-mathemtician brain wanted to ask:

What about the "Big Wheel" and the 45-1 slot thereon? I assume this is a horrific bet
What about a horse race betting a 33-1 shot exacta? quinella?
Ahigh
Ahigh
Joined: May 19, 2010
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September 14th, 2014 at 3:28:10 PM permalink
Quote: onenickelmiracle

A couple years ago there was a news story saying the actual number of the beast was 616 due to a mistranslation somewhere. Hasn't caught on yet.



The beast can read and write but not execute. Of course you have to be talking about the octal beast for this to make sense.
aahigh.com
Wizard
Administrator
Wizard 
Joined: Oct 14, 2009
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September 14th, 2014 at 3:45:41 PM permalink
Somebody asked earlier for the exact words used in the Hustling the House show. I just replayed it to make sure I'm quoting them correctly.

Quote: Andy Bloch

If you have $30 in your pocket and you want to turn it into $1000, then roulette is your only game.



Quote: Discovery Channel voice over

Roulette is the best game for a quick score.

Everyone agrees that roulette the best get rich quick scheme in the casino.

It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
Administrator
Wizard 
Joined: Oct 14, 2009
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September 14th, 2014 at 4:46:04 PM permalink
Quote: Wizard

Bet $27 on a single number and grind: 2.8043%



I improved my roulette strategy to increase the chance of turning $30 into $1,000, or turning any $x into $y. Here is my new and improved Wizard's "Quick Score" roulette strategy.

This strategy assumes that bets must be in increments of $1. In all bet calculations, round down.

Let:
b = Your bankroll
g = Your goal

1. If b>(g-b), then bet g-b on any even money bet.
2. If 3b > g, then bet (g-b)/2 on any column bet.
3. If 6b > g, then bet (g-b)/5 on any six line (six-number combination).
4. If 9b > g, then bet (g-b)/8 on any corner (four-number combination).
5. If 12b>g, then bet (g-b)/11 on any street (three-number combination).
6. If 18b>g, then bet (g-b)/17 on any split (two-number combination).
7. Otherwise, bet min(b,(g-b)/35) on any single number.

Following this strategy results in a probability of 2.8071% chance of reaching $1,000, which is 0.0028% higher than my previous strategy. In case you're wondering, the previous strategy relied on making the smallest bets possible to reach the winning goal by betting on long shots. I find it better than if you're close to the goal, maximize the probability of making it in a single bet, rather than minimizing the bet.
It's not whether you win or lose; it's whether or not you had a good bet.
AxiomOfChoice
AxiomOfChoice
Joined: Sep 12, 2012
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September 14th, 2014 at 5:15:02 PM permalink
For FPDW I get about 3.4% (from a simulation). This is particularly impressive since, sometimes you overshoot your goal.
Wizard
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Wizard 
Joined: Oct 14, 2009
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September 14th, 2014 at 5:31:00 PM permalink
Quote: AxiomOfChoice

For FPDW I get about 3.4% (from a simulation). This is particularly impressive since, sometimes you overshoot your goal.



What denomination? How much is the average final win, when there is a win?
It's not whether you win or lose; it's whether or not you had a good bet.
AxiomOfChoice
AxiomOfChoice
Joined: Sep 12, 2012
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September 14th, 2014 at 5:52:42 PM permalink
Quote: Wizard

What denomination? How much is the average final win, when there is a win?



25c (5 coins so the top pay is $1000)

I didn't collect the stats about that but I can add some code and re-run it. I only did a million iterations (seems to be accurate within 2 significant digits)
AxiomOfChoice
AxiomOfChoice
Joined: Sep 12, 2012
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September 14th, 2014 at 6:03:09 PM permalink
Over a million tries (again, not that many) I got 33754 wins and 966346 losses.

The average bankroll when you win is 950.21 bets ( = $1187.76)

Obviously when you lose your bankroll is always 0 ($30 = 24 bets to start)

From this, we can see that you are up an average of 8.88 bets per trial. At a 0.76% edge, this implies you play an average of 1168 hands (although your median would probably be much lower)

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