Good Roulette Odds?

Question

I have a stratagy in which i bet say $5 on black , then if i loose i bet $10, then $20 then $40, then $80, then $160, and so on. With this strategy i always end up with $5. But it is possible to loose all of the money.

I was wonderin if anyone knew if it is even likely to have red chosen 6 times in a row.

And if anyone tried this before, can you please say if it is worth it or not.

I know that eventually i would have to start betting large amounts, like thousands but i would stop at 160.

I realize that this strategy is only good when your trying to win small amounts, and even then you CAN loose alot of money. And i realized that you have to have alot of money to start out with.

Answer 1

Well a few problems arise with this strategy:

a) eventually, you could run out of money. In this case you would be up for a loss of a few thousand dollars.
b) the table could have a maximum bet, in which case your rn of doubling would prematurely end.

and the chance of red coming up 6 times in a row is: 1 in 64

So it might wok in the short term, but the casino will always win out in the end.

Answer 2

I'm sure thousands of people have tried this double up strategy before. The problem is that the risk reward is not all that great.

When you bet on a single color you are going to be paid even money if you win, but that color will come up only 18/38 times or 47.26% of the time.

When you lose you double down, so let's look at that:

$5
$10 ($15)
$20 ($35)
$40 ($75)
$80 ($155)
$160 ($315)
$320 ($635)

So if you lose seven times in a row, which is easily possible during a night of play you have just lost $635. Even if you won on that seventh time around you win $640, for a total profit of $5.

This is the inherent flaw in this strategy. In a few short spins you are suddenly betting quite a bit of money, putting yourself in a position to win a tiny amount or lose even more.

If you keep losing you will eventually hit the table maximum bet limit, so then you have to go to the high stakes area to risk even more money.

The win rate is also so low using this strategy that it would only take one bad streak of luck to wipe out all your winnings for the evening.

The other problem with this strategy is that it is inherently boring. Simply placing a chip down every spin and waiting. Most people will end up just getting bored and ending the session, or worse start to experiment with alternative strategies.

Answer 3

There is no such thing as a good roulette strategy. Doubling bets may work in the short run but they aren't worth the long term risk. The odds on roulette are bad but I love the game. You just have to get up while you are ahead.

Answer 4

This is called a Martingale system. It started in the 18th century in France. Since that time, casinos have won millions of dollars from people using this system.