IDStorms wrote: ↑
Jun 30th, 2013 6:38 pmIt must have been beginner's luck!
I opened another account (for my wife), and lost the $10 after the first spin, so my way doesn't even guarantee the $10 back!
I take it you've never played roulette, nor even gambled, before. Of course you're not guaranteed your money back. That's gambling. You wagered your wife's account's money and you lost it fair and square. However, congratulations on your lucky win, which I will address below.
IDStorms wrote: ↑
Jun 29th, 2013 11:15 pm
Look at my photo above!
It wouldn't accept $5 on one
number, so I had to pick 5 numbers with $1.00 on each,
so I had 5x red, and 5x black, and the one that the ball landed on, paid 36 to one
Maybe I stumbled onto a better way to play???
If I recall correctly, the normal payout on any single number in roulette is 35:1. The chance that the ball will actually land on any single number is actually 1 in 37 (European/French roulette with a single green zero space) or 1 in 38 (American roulette with green 0 and green 00 spaces).
I think your 36:1 payout is a nice gift over the traditional 35:1 payout, but in a mathematical sense, in no way will that overcome the 1 in 37 chance of actually landing on the spot you selected with a wager. In the long run, you can expect to lose more than you can expect to win. This is the house's built-in advantage/edge to ensure that they can generate a small profit from all players over time. The gambling mentality begins where people believe they have systems to beat roulette. Sure, in the short run you might actually be up, so take your money and run. But the long run is king, and that's why casinos are still in business. They would never dream of building gambling houses where players have the edge.
A fair/perfect coin has an equal chance of landing heads or tails. So if I paid you a dollar every time it lands on heads and you pay me a dollar every time it lands on tails, it is a fair game because both outcomes have an equal chance of appearing (ignoring the coin landing on its edge, lol). A fair game in roulette would be one that has 36 numbers and the payout for each would be 36:1. In the long run, both the player and house would have a mathematical expectation of zero dollars (hence, it is a fair game). With European roulette adding the green 0 space, and American roulette adding the green 0 and green 00 spaces, the house's edge is increased, because the house wins with one or two more numbers that the payout does not cover.
To slow down the amount the casino can take from you, learn to identify the games that have as little house edge as possible. These include craps (certain bets), blackjack (non-foolish moves), and baccarat, which have house edges in the neighbourhood of 1%. You will lose in the long run because there is always a house edge built in, but at least you can lose your money the slowest (in a mathematical, theoretical, long run scenario). Other games can have a much higher house edge, including keno (14%?) and roulette (3-5%?).
To theoretically win money at casinos, learn to play skilled poker against other players, or play advantage blackjack (utilizing basic strategy to cut the house edge down to less than 1% and then apply card counting on top of that to gain a player edge).
Take my above advice with a grain of salt. I only play solid blackjack and never touch the other games, other than two evenings many years ago dabbling in roulette.