Does this bet have a player edge?
October 15th, 2015 at 5:14:31 AM
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American roulette wheel ... but the 18's bets (ie- black/red, over/under 18.5, odd/even) pay 1.11x instead of 1x
October 15th, 2015 at 5:23:04 AM
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Quote: yvgtghAmerican roulette wheel ... but the 18's bets (ie- black/red, over/under 18.5, odd/even) pay 1.11x instead of 1x
It's almost even, but tiny house edge still remains, assuming you lose with 0 and 00. There are 38 equal possibilities. You will win 18 times. You will lose 20 times.
18 x 1.11 = 19.98 win
20 x 1 = 20.00 lose
October 15th, 2015 at 5:25:28 AM
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Still negative expectation
18*1.11 = 19.98
20*(-1) = -20.00
Expected loss = -.02/38 = -.000526 or approx 1/20 of 1% negative EV. This is 100x less expensive than a normal payout, but still negative nonetheless
18*1.11 = 19.98
20*(-1) = -20.00
Expected loss = -.02/38 = -.000526 or approx 1/20 of 1% negative EV. This is 100x less expensive than a normal payout, but still negative nonetheless
October 15th, 2015 at 8:30:29 PM
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Is this a live or online casino? If you like the game anyway, this could be slightly positive if comp points are factored in.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
