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Wouldn’t it be great if one these many winning roulette strategies you find online like the martingales system actually worked. Could you imagine instead of going to the bank or ATM you’d just pop into your local casino and win some cash for the weekend. Well there is one system that is actually very successful but unfortunately it’s being run by the casinos themselves. It’s a proven concept known simply as the house edge.
This isn’t any complicated mathematical system, it’s based on a very simple statistical advantage that will always triumph in the long run. So what is this advantage known as the house edge ? One good way of illustrating the advantage is as follows – suppose you placed a single chip on every number on a roulette wheel, that’s a total of 37 chips on 1-36 plus the zero. After the spin of the wheel, you would of course have selected the winning number and could collect your winnings. You would receive 35 chips plus your initial stake, so for a 37 chip bet you would receive 36 chips in return. Your loss would have been a single chip on that spin of the wheel.
This example demonstrates the small but significant advantage that the casino has, the house edge. The house edge is actually equal to the probability of a single number being spun. The probability is equal to 100 percent then divided by the amount of numbers that are actually on the wheel. If we use a European roulette wheel this is expressed as 100/37 which equals 2.7%.
It actually doesn’t sound too much does it. The casino advantage in a game is only 2.7 percent, but despite being small it is the advantage that has help create all those fabulous casinos across the world. Obviously this in built advantage is most often amplified by your average gambler , erratic betting, too much champagne or just a gambling addiction can again alter these odds in the houses favour.
But the small statistical advantage is what makes roulette appeal to many professional gamblers , the odds are only minimally in the houses favour. This is what the betting strategies seek to exploit , by using a system to minimize this advantage and progressively accumulate small wins. The other popular but difficult tactic often combined with one of these strategies is that of identifying a bias in a particular roulette wheel. There are many stories in the roulette world of a bias in a particular wheel being identified. It actually doesn’t take much of a bias to tip the odds back in favour of the punter.
Imagine finding a bias in a particular roulette wheel, where there are two numbers didn’t get selected in a period of time. Just by eliminating two numbers and betting accordingly, you would turn the house edge around, to a 2.7% punter edge! Of course spotting a real bias against a perceived bias are two completely different things.
One things for certain, if you’re playing for fun make sure there isn’t a programmed bias as well. If you’re play online roulette, try to use an live online casino rather than a computer generated one.Share on: