Eventually you lose playing Roulette
No matter how good your luck or the reliability of your incredibly clever bulletproof strategy eventually you lose playing roulette. That is the only guarantee on offer when playing! Casinos rely on science and the Law of Large Numbers which gives them an expected return. When someone wins someone else is losing, even at the same table.
In roulette the casinos’ edge is about 5.26%, meaning for every dollar wagered the casino will on average get nearly $0.53. It doesn’t sound like much but if there are a couple of players and $100 in wagers on the table they could be making $5.30 per spin averaged out. More players, and say $1,000 of wagers, $53.00 per spin of the wheel.
The law of large numbers is a fundamental principle in probability theory and statistics. It states that as the number of independent and identically distributed (i.i.d.) random variables increases, the average of those variables tends to converge towards the expected value of the variables.
When a number of people are playing you never see all of them win. After each game croupiers drag all losing chips into a the “losers hole”, and they all add up over time. Roulette tables are very profitable.
When will you lose playing roulette?
If you want to know when you’ll lose, just keep playing a bit longer. Each spin of the wheel brings you one spin closer to a loss.
The randomness of roulette will always bite ya on ya bum; that is a fact!
Another gem from me
I myself have had up to eight losses in a row when playing simple Red / Black bets with $10 on each spin.
Despite preying for our number to come up soon the truth is it may not appear for another 200 spins or more. On a happy note, I’ve seen the same number come up three times in a row. That’s the nature of being truly random (except for online casinos – I do not trust them).
Unless you’re using a strategy covering as many numbers as possible, while still providing a small return, you’re going to lose.
To gamble is …
According to the Dictionary the word ‘gamble’ means;
- play games of chance for money; bet.
- take risky action in the hope of a desired result.
Risky, according to the Dictionary means;
- full of the possibility of danger, failure, or loss
The terms gamble & risky imply you may lose, but you could win too. Don’t let a few wins go to your head and be smart.