A few years ago, friends and I took a pit stop in Macau during a trip through Asia after our graduation. While there, I came up with a fairly simple roulette strategy that I thought could work for someone with enough of a bankroll. Since then, my friend Steve and I have argued about 15x about the validity of this strategy. Of course, the problem becomes, what happens when you lose 10 times in a row. There are 38 possibilities in a roulette wheel — numbers0, and But, what are the chances of you losing several times in a row? See R1:T17 of the first tab of the excel I link to at the bottom of the post for the calculations :. Below is a graph of what your pay offs Grad Night Casino Games look like. LTCM was a hedge fund run by Nobel laureates who made thousands of tiny bets using computer programs in a strategy called statistical arbitrageamong others. Below is a zip file with three Python programs whose outputs are captured in the excel. So, just as LTCM relied on leverage to try to double down on their bets and save their fund, this strategy also relies on loans to stay afloat in bad times when the odds go against you. The first program is what would happen if you sat down and played until you went bust. The second program basically runs the first program 10, times in order to get an average payout. However, this one assumes you are only willing to play games in a row as even games would probably take a very long time in reality. Expected value is what you would expect to win, on average, if you played this strategy many times. Conclusion: is this an effective strategy? Not really. Please feel free to look over my code and let me know if you come up with any other conclusions by modifying it! The Excel: Roulette Output. Python programs: Roulette Programs. You could apply this logic to every casino game regardless of the underlying odds. Everytime you lose double your bet until you cover your losses. If this strategy had Grad Night Casino Games expected return you could beat any game in the casino with ease from roulette to craps. I found this post while searching for some free downloads. Thanks for sharing will be sure to follow this blog regularly and will email this article to my all my buddies. It is nice to definitely locate a blog where the blogger is polished. Thanks for creating your blog. This is really great. I have to state, you chose your words well. The ideas you wrote on your encounters are well placed. This is an incredible blog! Comfortably, the article is actually the greatest on this deserving topic. I fit in with your conclusions and will thirstily look forward to your future updates. Just saying thanks will not just be enough, for the extraordinary lucidity in your writing. I will right away grab your rss feed to stay abreast of any updates. Pleasant work and much success in your business dealings! This is one of the best informative article about casino gambling I have ever seen before.
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