Roulette Winnings

Mnd

John, you are one of my favourite contributors, but you always leave us dangling over a cliff edge of anticipation and never come back and tell us the end of the story.

For instance, what happened when your mum had her benefits assessment and was turned down because the assessor was a young jealous woman, who couldn't get on the housing ladder and was envious of your mum's house.

You were going to complain (quite rightly IMHO) but you never gave any updates. Please let us know

londoninvestor

Mnd wrote: »

John, you are one of my favourite contributors, but you always leave us dangling over a cliff edge of anticipation and never come back and tell us the end of the story.

For instance, what happened when your mum had her benefits assessment and was turned down because the assessor was a young jealous woman, who couldn't get on the housing ladder and was envious of your mum's house.

You were going to complain (quite rightly IMHO) but you never gave any updates. Please let us know

And, has the original £70k, which had recently risen to £90k, now become the coveted £100k? Just 7 weeks of your roulette strategy should get you the final £10k!

danplum5

This thread is funny, I'm hoping the OP is winding everyone up.

If you did want to test out roulette strategies then you can download 100k real spins to csv easily enough online, or just use the RANDBETWEEN function in excel to create random numbers between 0 and 36. It's much less time consuming and more insightful than sitting in a casino all day.

The only evidence really required to know that the Martingale System doesn't work is that Roulette still exists and casinos allow you [happily] to do it.

There is better opportunities to apply a modified version of this system though trading currency or index funds going up or down. The margins can be very low through spread betting firms and, unlike roulette and tossing a coin, previous results do have an impact on future outcomes due to the asset class having an intrinsic value that at anyone time is either under or over the market price.

LobsterMemory

danplum5 wrote: »

There is better opportunities to apply a modified version of this system though trading currency or index funds going up or down. The margins can be very low through spread betting firms and, unlike roulette and tossing a coin, previous results do have an impact on future outcomes .

And unlike Roulette or coin-tossing you can lose more than your stake

While it is clear the OP is a sophisticated investor and would understand that, it's probably just worth pointing out.;)

danplum5

LobsterMemory wrote: »

And unlike Roulette or coin-tossing you can lose more than your stake

While it is clear the OP is a sophisticated investor and would understand that, it's probably just worth pointing out.;)

Yes, sorry, there is potentially a much higher risk as stakes are not fixed, although you can set stop-orders to limit those risks to some degree.

Malthusian

LobsterMemory wrote: »

You can't counter a statement of "Perhaps he was very lucky" with "on average, he couldn't have been"

I can counter a statement of "Perhaps he was impossibly lucky" though.

With a large enough sample size the average becomes reality, and the OP specified that he was betting in such a way that thousands of bets were required and being "lucky" becomes totally implausible.

It was obvious from context that I wasn't literally suggesting that when you bet £1 on roulette the dealer will give you back 97p and a non-existent 3/10pence coin. In the same way that if I say "when I throw a six-sided dice I expect to score 3.5", I don't actually expect it to land on a non-existent side showing three and a half pips.

Marvel1

1. The number 0(or 00 if American table) can break the chain and re-set the chain of the same colour.

2. I have seen this happen where the same colour came out at least 10 times, so you are betting the opposite to come out. In total on the tenth bet you have spent £392.00 for a 50p profit.
a 0 comes out and could re-set it, now the same colour comes out another 5 times, now that's £12,672.

I have done the one where you bet all numbers expect the one that has come out, good for a while - then same number twice in a row = gone.

redpete

Marvel1 wrote: »

I have done the one where you bet all numbers expect the one that has come out, good for a while - then same number twice in a row = gone.

Why would you think it might work? The outcome of one or ten or three hundred plays has no influence on the next one.