Poll

2 votes (25%)
6 votes (75%)

8 members have voted

graceland
graceland
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March 6th, 2013 at 2:52:50 PM permalink
If you have promo chips that they take when you win, they allow you to bet them on a single number in roulette, and they allow you to bet more than one at a time, is there a negative to betting it all one shot? Or is it better to grind it out over many spins? Or is there no difference? What would you do?
Thank you, Thank you very much.
jon
jon
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March 6th, 2013 at 3:13:14 PM permalink
I think you're best off betting it all in one shot on one number. Grinding it out over many spins will subject you more to the house edge. In the heyday of online casinos and bonus hunting, some online casinos would not honor wins using bonus money on single number bets because the expectation is much higher.
ahiromu
ahiromu
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March 6th, 2013 at 5:40:37 PM permalink
Quote: jon

Grinding it out over many spins will subject you more to the house edge.



Wrong, please don't look at it this way. Both situations, you're putting forward 300=12x25 over the game's house edge. This is a question about variance, nothing else, and just comes down to personal preference. Personally, I'd like to play lower my variance and get the more "sure thing" with the 12x25. On the other hand, if the "high" of possibly winning $7500 gets you off enough, then that's the better choice.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
jon
jon
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March 6th, 2013 at 6:25:10 PM permalink
Actually, I stand corrected. I didn't read the particular scenario in the poll and just answered the posted question in general. Yes, I agree that $300 in action = $25 * 12 in action.

I was referring to more of the general scenario where you either a) bet $300 on 1 one number, or b) continously play red/black (or other even money payout) over and over again (e.g., making 50 $10 red/black bets). Situation b subjects the player to more of a house edge than situation a. If your goal is to hit it big, then by all means the player should use the first strategy.
smallcapgrowth
smallcapgrowth
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March 6th, 2013 at 6:43:37 PM permalink
where is this casino that lets you use promo chips on roulette?
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