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Roulette for Beginners
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Getting Started: Roulette for Beginners
Introduction: How The Game Works
Roulette is one of the easiest games to play and understand in the casino. As usual the easier a game is to understand the greater the house edge, and roulette is no exception. If you are looking for a easy to understand and slow paced table game, and are willing to sacrifice on the house edge, then you may like roulette. If you want something more stimulating or with a decent return I would suggest looking at other games.
One difference between roulette and all other table games is that roulette chips have no value denomination printed on them. This actually is the true definition of a chip, one which indicates its value is technically called a check. The roulette table comes with six to eight sets of different colored chips, each set consisting of 300 chips. When a player purchases chips he gets his own color and the value of each chip is the buy-in divided by the number of chips received. The dealer will place a token on top of the dealer's stack of that color of chips to indicate the value.
Advanced: Roulette Topics
While Roulette is just a simple game of luck we do discuss some of the more advanced aspects of the game.
Online Roulette BonusesView All
Roulette is very popular to play online, and we know it can be hard to find a good roulette bonus, so we have worked to establish the best roulette bonuses on the internet. These bonuses take a lot into consideration, including bonus amount, casino quality, and the wagering requirements needed to be able to withdraw.
'Wizard of Odds' Uses Math To Beat the Casinos
Michael Shackleford is better known as the Wizard of Odds. Shackleford, a trained actuary (a business professional who assesses risk and its financial impact), now makes his living analyzing casino games. He is also an adjunct professor of casino math at the University of Nevada, Las Vegas.
LiveScience spoke to Shackleford in December 2010 about the mathematics of gambling, and what you can do to beat the odds.
Q: What is it about casino games that interests you?
A: I just enjoy the challenge of trying to calculate the odds of every casino game, and I enjoy math in general, and I enjoy gambling, so it's a good way to combine two interests of mine.
Q: Had you been gambling for a while casually before you decided to apply vigorous mathematical strategies?
A: Yes, absolutely. I've been gambling as long as I can remember.
Q: Even before age 21?
A: Even before age 11.
Q: So can most casino games really be beaten with math, or are the odds too stacked against you?
A: In most games, the odds are stacked against you to begin with, and there's nothing you can do about it. However, in games of skill there usually is some kind of an angle you can use to beat the game.
Q: What are some games in which math can be most helpful?
A: Well, blackjack, as most people know, can be beaten by card counting.
Q: Is that legal?
A: Oh, that's absolutely legal. And another good example is video poker, which can often be beaten over the long run.
Q: What is the best casino game to play?
A: I kind of don't like the question, because it ranges depending upon the specific casino that you're in, and what your specific strengths and weaknesses are, and what game you particularly find interesting. And that's why you get some advantage players playing poker, and some play blackjack, and some play video poker and some are sports bettors, and others do other things. So, you know, it's like asking a businessman what's the best business to get into to make money. It really depends on the individual.
Q: Do you think people apply some of these mathematical strategies intuitively, or are most people just missing the boat entirely?
A: Well, the vast majority of gamblers are what I would call "recreational gamblers" that are playing hopefully for entertainment reasons, and the odds are stacked against them, and most of them probably realize that and play anyway because it's a form of entertainment to them.
Q: What game do you think is the worst waste of money?
A: The worst form of gambling is lottery tickets.
Q: How do those odds compare with roulette?
A: Oh, they're much worse. You can expect to lose 50 percent of everything that you bet on a lottery ticket, and with roulette, you can expect to only lose 5.4 percent.
Q: What are your pet peeves about misperceptions of gambling?
A: There are so many, and most of them would fall under the realm of superstition. I think a really annoying one is players who falsely believe that it's the last player to act in blackjack [who] has an effect over the whole table. And that player will get complained at if he acts in a certain way, and causes the whole table to lose. It's absolutely a myth that the last player to act will cause everyone to lose if he doesn't play his cards the right way.
It's fine to have your own superstitions, but when those carry over to causing fights at the table, that's where I draw the line. Keep your superstitions to yourself and then, you know, let other players play their own game.
Q: Do you think gambling is associated with more superstitions than other aspects of life?
A: I think gambling has a lot more. I think the reason is that in everyday forms of life, people look for patterns to try to make better decisions. For example, let's say that you need to drive from point A to point B, and you encounter a lot of traffic. You might file that away, and the next time you have to drive between those two points, you might think, 'Oh, maybe I'll try this way, because the last time the traffic was bad.'
And that's good thinking. But people try to apply that in the casino, and they might say, 'Oh, in roulette the last five numbers were red, so the next one is probably going to be red too, or maybe black is overdue.' And both of those assumptions would be incorrect. You see people making decisions based on superstition all the time in casinos.
Q: Does it bother you? Do you ever just want to go up to somebody and say, "Stop, you're throwing your money away!"
A: No, because if it bothered me, I would never get any sleep at night. So, I see people playing horribly all the time, and unless someone asks me my opinion, I just keep my mouth shut, and let them, you know, go right down the road of throwing their money away to the casino.
Q: Are most of your studies on how players can improve, or do you also apply math to how casinos can improve their edge?
A: It's almost all devoted to helping players improve their game. You know, I don't hide the fact that sometimes especially smaller casinos might ask me for help with a promotion or something like that. For example, maybe they'll say, 'If you get a suit at blackjack, we're going to pay you two-to-one, what would be the odds of that?' I wouldn't be bothered answering that question. But I would be bothered by telling them how to do anything that would hurt players.
Q: What's your personal favorite game to play?
A: I really like the game Pai Gow Tiles, which maybe you're not familiar with. But it's a Chinese gambling game that's played with dominoes. The big strip casinos have it. And the casinos in Atlantic City also have it.
It's a very difficult game to learn the rules for, and then in turn to analyze. And the vast majority of players are Asian, so it kind of impresses people to see a non-Asian playing it. So I guess I enjoy the challenge of it.
Q: Have you personally won a lot of money over the years gambling?
A: Yeah, I've done quite well over the years gambling. And it's mainly from sports betting.
Q: So math can help out in sports gambling, too?
A: Oh, absolutely. Just today, for example, I must have spent four hours in my day today crunching numbers for the Patriots-Jets game tonight [Dec. 6, 2010]. And I have all kinds of obscure bets on it. And, to be honest with you, I probably spend more time analyzing the game than my time is worth. But I just enjoy it. That's what I find challenging to me.
Q: What is a typical day for you?
A: With Monday Night Football tonight, some of it is going to be spent analyzing the bets for that game. But let's say it's not football season, and there's nothing for me to bet on, then I would probably be writing something for my website; I might be designing a slot machine for somebody.
Q: Do casinos ever get angry that you're helping people beat their odds?
A: Well, you would have to ask them, but I don't think so. I get recognized in casinos more by staff than by players. And usually they come up and shake my hand and say, 'Hey, you know, you're the Wizard of Odds, I love your website, it's helped me many a time.' So, while I am helping the players play better, I'm also helping them understand the games that they're offering. So I think that everybody benefits.
Q: How did you come up with the name "Wizard of Odds"?
A: Well, I can't take all the credit for it. Other people have used it, too, like it used to be a game show, I think, back in the '60s. And I first heard of the name because there was a Chicago gangster that used that moniker, and I read an article about him, and it said that he was sent to prison, so I figured he wouldn't mind it if I started using it.
Q: If you had one piece of advice for a real novice recreational gambler on how they could apply some kind of basic strategy to improve their outcome, what would it be?
A: If I had to boil down my advice to just one thing, it would be that the harder a game is to understand, the better the odds are if you study and play it carefully. Therefore, mindless games like slot machines tend to be a bad bet, and more complicated games like video poker tend to be a good bet, but only if they're played properly.
It's like life in general. The good things in life you have to work harder to get.
Q: Do you confine your analysis to casino games, or do you apply math and statistics to other aspects of life?
A: Oh, no, I'm very annoying in that I analyze everything mathematically. You know, where to park, and exactly how to plan my day. I'm always trying to do things the absolute most efficient way. For example, I may or may not go someplace if it entails having to make a left turn. But I would go there if it was just making a right turn. And I will plan my whole day so that I make a right turn instead of a left turn. You know, things like that. And I think some people find it annoying.
Q: Does it strike you that other people just waste so much time ?
A: Yes! My wife, for example, will drive long distance for just trivial things. And, you know, and I never understood. I guess she finds some enjoyment out of it, but it takes a lot to get me into the car and drive somewhere. It has to be something that is absolutely essential, or I'm combining like three different minor reasons for making the trip.
You can follow LiveScience senior writer Clara Moskowitz on Twitter @claramoskowitz.
Roulette Strategy
I played this Roulette strategy and getting decent enough results. I just want to know how bad is this as people will analyse and have different views .
It is straight forward Strategy.
Bet on 1-18 and 3rd Dozen in 3:2 ratio and Martingale only incase if your balance is less than your initial bankroll.
This leaves out only 8 numbers and always win one unit on every win..
just aiming for 10% Profit .
If you start with 500 and get to 550 session ends there.
Betting amount 15 on the 1-18 and 10 on 3rd quarter.It can be varied on your Bankroll.
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I played this Roulette strategy and getting decent enough results. I just want to know how bad is this as people will analyse and have different views .
It is straight forward Strategy.
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I just want to know how bad is this as people will analyse and have different views .
After some research and analysis, I calculate that this strategy will lose approximately 2.7% (1/37) of all money bet on a single zero game (or 5.26% (2/38) on a double zero game).
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After some research and analysis, I calculate that this strategy will lose approximately 2.7% (1/37) of all money bet on a single zero game (or 5.26% (2/38) on a double zero game).
Although true, it ignores the question the OP asks. He wants to know what is the chance he wins $50 before he loses $500 using his system. Figuring it out is above my pay grade, but I?ll make a guess.
Maybe 60% chance for success on double zero table.
Maybe 80% chance for success on single zero.
I don?t think it will be that hard for Wiz or ThatDonGuy or miplet or mathextremist to give exact answer.
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Your system wins 1 with 28 numbers and loses 5 with
I get about a 61% chance of reaching your target before losing the entire bankroll.
On the other hand, if you keep it simple, and just keep betting 50 per spin on 1-18 (or any even-money bet), you have an 85% chance of success.
On yet another hand, if you do a modified Martingale where your initial bet is the amount you need to reach your target and you always bet the smaller of what you need to reach the target and what's left of your bankroll, you have an 89% chance of success:
Bet 1 - bet 50; if you win, you have reached your target, and if you lose, you have 450
Bet 2 - bet 100; if you win, you have reached your target, and if you lose, you have 350
Bet 3 - bet 200; if you win, you have reached your target, and if you lose, you have 150
Bet 4 - bet 150; if you lose, you are bust, and if you win, you have 300 and need to win 250 more, so bet 250
Bet 5 - bet 250; if you win, you have reached your target, and if you lose, you have 50
Bet 6 - bet 50; if you lose, you are bust, and if you win, you have 100 and need to win 450 more, so bet 100
Bet 7 - bet 100; if you lose, you are bust, and if you win, you have 200 and need to win 350 more, so bet 200
Bet 8 - bet 200; if you lose, you are bust, and if you win, you have 400 and need to win 150 more, so bet 150
Bet 9 - bet 150; if you win, you have reached your target, and if you lose, you have 250
Bet 10 - bet 250; if you lose, you are bust, and if you win, you are back to your starting point, so start over with Bet #1
Remember that the more bets you make, the more money you expose to the house edge. If, instead of flat bets of 50, you make flat bets of 10, the chance of success drops to 59%. The modified Martingale does better because if any of your first three bets win, you stop betting.
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