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Saturday, May 28, 2011
31 Days Of Roulette Gambling Tests
Back in April and May of 1971, the Englishman Patrick O'Neil-Dunne tested his own as well as other players roulette gambling strategies at a roulette marathon of 20,000 spins at roulette table number 14 in the casino in Macao - close to Hong Kong. With a staff of five, he wanted to test every recommended roulette system, including his own strategies that would prove that 'choices' play just as big a part in the results as do 'mathematical probabilities'.
No existing roulette gambling system did in fact give any return on the investment. For a long time he believed that a strategy where you bet on one column (12 numbers) would in fact work, but it too failed. His roulette gambling system was that he would first bet on a column when that column had not been hit for 6 spins in a row (called a 'sleeping column'), then he would play that column with the traditional Martingale system betting - first 1-2-4-8-16-34 through 6 spins. If he had not won by then, he would abandon the progression and start all over again - as keeping playing according to the Martingale progression would become too expensive.
O'Neil looked at the six spins as a tennis match - and for days his crew of gamblers did not loose many fights. The had made a big profit from this system. So perhaps this technique will work well in the short run - in the long run all the roulette gambling strategies will fail.
During the 20,000 spins - only a single time on every 100 spins did a 50/50 bet lose more then 8 times in a row (Example: The ball lands on a red number 8 times in a row). Such an event is a nasty experience for the Martingale and progression players in general.
O'Neil himself was a fan of betting on 'sleeping numbers'. That is numbers that has not been hit for a long period of time. He believed that once such a sleeping number was hit - it would soon be hit again. He had success with covering such sleeping numbers, especially the ending numbers like: 6-16-26-36. If these numbers had not been hit for 36 spins he would cover those numbers with chips.
After 31 days of roulette gambling and testing, the crew of roulette players ended up with a net profit of $191,148 - plus plenty of tips to the staff working at the casino. The bet sizes had been from $1 up to $500 per chip. Had O'Neil found the 'truth' about roulette? Most likely not. O'Neil himself claimed only to have been lucky.
But even being lucky can take a lot of hard work and planning. In the book 'Roulette for the Millions' (Chicago 1971), you can read all about how he planed the 31 days of roulette gambling and how he used those statistics after the gambling marathon was over.
No existing roulette gambling system did in fact give any return on the investment. For a long time he believed that a strategy where you bet on one column (12 numbers) would in fact work, but it too failed. His roulette gambling system was that he would first bet on a column when that column had not been hit for 6 spins in a row (called a 'sleeping column'), then he would play that column with the traditional Martingale system betting - first 1-2-4-8-16-34 through 6 spins. If he had not won by then, he would abandon the progression and start all over again - as keeping playing according to the Martingale progression would become too expensive.
O'Neil looked at the six spins as a tennis match - and for days his crew of gamblers did not loose many fights. The had made a big profit from this system. So perhaps this technique will work well in the short run - in the long run all the roulette gambling strategies will fail.
During the 20,000 spins - only a single time on every 100 spins did a 50/50 bet lose more then 8 times in a row (Example: The ball lands on a red number 8 times in a row). Such an event is a nasty experience for the Martingale and progression players in general.
O'Neil himself was a fan of betting on 'sleeping numbers'. That is numbers that has not been hit for a long period of time. He believed that once such a sleeping number was hit - it would soon be hit again. He had success with covering such sleeping numbers, especially the ending numbers like: 6-16-26-36. If these numbers had not been hit for 36 spins he would cover those numbers with chips.
After 31 days of roulette gambling and testing, the crew of roulette players ended up with a net profit of $191,148 - plus plenty of tips to the staff working at the casino. The bet sizes had been from $1 up to $500 per chip. Had O'Neil found the 'truth' about roulette? Most likely not. O'Neil himself claimed only to have been lucky.
But even being lucky can take a lot of hard work and planning. In the book 'Roulette for the Millions' (Chicago 1971), you can read all about how he planed the 31 days of roulette gambling and how he used those statistics after the gambling marathon was over.
Monday, May 23, 2011
Types of Roulette Bets
The Inside Bets
Any bet that takes place on the inside part of the table .. more frequently referred to as the number grid. Tables will have minimum wager requirements that must be adhered to. Let's say the table minimum is $5. That means you can place 5 $1 bets on different number on the table, but you must make a total of $5 in bets. You
can also just bet $5 on one number.
Straight Bet
Otherwise known as a "classic bet." You are betting that you can guess the next number that lands. The payoff on a straight bet is 35-1, which is why it is such a popular bet. A single $10 can return $350 dollars in just one spin. Conversely though, this is the worst odds of any bet on the table.
Split Bet, or Two Number
This is when you place your chip on the line separating two numbers. If either number hits, you get a 17 to 1 payoff. So, let's say that you bet $10 and place the chip between 28 and 31; if either number hit, you would win $170.
Street Bet or Three Number
Also called a street bet or a stream bet. This is when you are betting that one of three numbers hits on the roulette wheel. The payoff for a bet like this is 11 to 1. So if you bet $10 and bet on either 13, 14, or 15 to hit, you would win $110 if any of the three hit.
Square Bet
Otherwise known as a Four-Number bet. Like a three number bet, this is when you are hoping that one of 4 numbers that you bet on hits. The payoff on a bet like this is 8 to 1. For example, if you bet $4 on the numbers 22, 23, 24 and 25, then you would win $32 if the roulette ball landed on any of the four numbers.
Five-Number Bet
This is betting that one of these 5 numbers will hit: 0, 00, 1, 2 or 3. The payoff for this bet is 6 to 1, and can only be played on an American wheel. So if you bet $6 and one of them hit, you would win $36. This is a very poor bet and should be avoided at all costs.
Outside Bets
These are bets that are placed outside the number grid, for instance, betting on Red or Black. You will find these bets on the part of the table closest to the player.
Red
Simply betting that the next spin lands on a red-colored number. The payoff for this bet is 1-1, so if you bet $10 on red and the ball lands on a red number, you would win your original $10 back, plus an additional $10 in winnings.
Black
This is when you bet that the ball will land on a black-colored number. Again, the payoff for such a bet is 1 to 1. If you place $20 in bets on a black colored number and the ball lands on black, you win your original bet back, plus an additional $20.
Odd
When you bet that the ball will land on an odd number. The payoff for this bet is 1 to 1. So if you put $25 on the "Odd" square and the number that lands is an odd number, you will $25, plus your original stake back.
Even
The opposite of the odd number bet. You are betting that the next number to land is an odd number. Again, the payoff for such a bet is even money, or 1 to 1. So a $50 bet would return $50, plus your original bet back if you won.
High Bet
This is when you are betting that one of the numbers, 19-36, will land on the next spin of the wheel. Payoff for this bet is even money, or 1 to 1.
Low Bet
This is when you bet that one of the numbers 1-18 will land on the next spin of the wheel. Again, payoff for this bet is even money. So if you bet $100 on the Low Bet, and any number through 1-18 hits, you will win $100, plus your original $100 bet back.
Dozen Bet
This is betting that one of a particular dozen numbers hits on the next spin of the wheel. The wheel is divided into 3 different "dozen" groups; 1-12, 3-24, and 25-36. The payoff for such a bet is 2 to 1. So, let's say that you think the next spin of the wheel will land on a number from 1-12. You place a $20 bet on the 1st dozen, and the wheel lands on 7. That means you win $40, plus your original $20 bet back.
Column Bet
Similar to the dozen bet in terms of payoff and number of potential winning numbers, except you are betting on one of the numbers in a particular column paying off, rather than one of a dozen numbers. You will notice at the end of the table, there is space denoted to make a column bet. There are three columns of numbers, the top, middle and bottom column.
Typical Roulette Bets in Visual Format
Split Bet
When you bet on two numbers that are adjacent 17 to 1
Straight Bet
A bet on any individual number 35 to 1
Corner Bet
When you bet on a block of 4 different numbers coming up 8 to 1
Line Bet
When you bet on 6 different numbers in 2 adjacent rows 5 to 1
Street Bet
A bet on 3 different numbers in a horizontal line 11 to 1
Column Bet
When you bet on one of three possible columns 2 to 1
Dozen Bet
A bet on three groups of a dozen numbers: 1-12, 3-24, 25-36 2 to 1
Even / Odd Bet
A bet on whether the number will be either even or odd. 1 to 1
Black / Red Bet
A bet on whether the color will be black or red. 1 to 1
High / Low Bet
A bet on whether the number that hits is either low (1-18) or high (19-36) 1 to 1
Any bet that takes place on the inside part of the table .. more frequently referred to as the number grid. Tables will have minimum wager requirements that must be adhered to. Let's say the table minimum is $5. That means you can place 5 $1 bets on different number on the table, but you must make a total of $5 in bets. You
can also just bet $5 on one number.
Straight Bet
Otherwise known as a "classic bet." You are betting that you can guess the next number that lands. The payoff on a straight bet is 35-1, which is why it is such a popular bet. A single $10 can return $350 dollars in just one spin. Conversely though, this is the worst odds of any bet on the table.
Split Bet, or Two Number
This is when you place your chip on the line separating two numbers. If either number hits, you get a 17 to 1 payoff. So, let's say that you bet $10 and place the chip between 28 and 31; if either number hit, you would win $170.
Street Bet or Three NumberAlso called a street bet or a stream bet. This is when you are betting that one of three numbers hits on the roulette wheel. The payoff for a bet like this is 11 to 1. So if you bet $10 and bet on either 13, 14, or 15 to hit, you would win $110 if any of the three hit.
Square Bet
Otherwise known as a Four-Number bet. Like a three number bet, this is when you are hoping that one of 4 numbers that you bet on hits. The payoff on a bet like this is 8 to 1. For example, if you bet $4 on the numbers 22, 23, 24 and 25, then you would win $32 if the roulette ball landed on any of the four numbers.
Five-Number Bet
This is betting that one of these 5 numbers will hit: 0, 00, 1, 2 or 3. The payoff for this bet is 6 to 1, and can only be played on an American wheel. So if you bet $6 and one of them hit, you would win $36. This is a very poor bet and should be avoided at all costs.
Outside Bets
These are bets that are placed outside the number grid, for instance, betting on Red or Black. You will find these bets on the part of the table closest to the player.
Red
Simply betting that the next spin lands on a red-colored number. The payoff for this bet is 1-1, so if you bet $10 on red and the ball lands on a red number, you would win your original $10 back, plus an additional $10 in winnings.
Black
This is when you bet that the ball will land on a black-colored number. Again, the payoff for such a bet is 1 to 1. If you place $20 in bets on a black colored number and the ball lands on black, you win your original bet back, plus an additional $20.
Odd
When you bet that the ball will land on an odd number. The payoff for this bet is 1 to 1. So if you put $25 on the "Odd" square and the number that lands is an odd number, you will $25, plus your original stake back.
Even
The opposite of the odd number bet. You are betting that the next number to land is an odd number. Again, the payoff for such a bet is even money, or 1 to 1. So a $50 bet would return $50, plus your original bet back if you won.
High Bet
This is when you are betting that one of the numbers, 19-36, will land on the next spin of the wheel. Payoff for this bet is even money, or 1 to 1.
Low Bet
This is when you bet that one of the numbers 1-18 will land on the next spin of the wheel. Again, payoff for this bet is even money. So if you bet $100 on the Low Bet, and any number through 1-18 hits, you will win $100, plus your original $100 bet back.
Dozen Bet
This is betting that one of a particular dozen numbers hits on the next spin of the wheel. The wheel is divided into 3 different "dozen" groups; 1-12, 3-24, and 25-36. The payoff for such a bet is 2 to 1. So, let's say that you think the next spin of the wheel will land on a number from 1-12. You place a $20 bet on the 1st dozen, and the wheel lands on 7. That means you win $40, plus your original $20 bet back.
Column Bet
Similar to the dozen bet in terms of payoff and number of potential winning numbers, except you are betting on one of the numbers in a particular column paying off, rather than one of a dozen numbers. You will notice at the end of the table, there is space denoted to make a column bet. There are three columns of numbers, the top, middle and bottom column.
Typical Roulette Bets in Visual Format
Split Bet
When you bet on two numbers that are adjacent 17 to 1
Straight Bet
A bet on any individual number 35 to 1
Corner Bet
When you bet on a block of 4 different numbers coming up 8 to 1
Line Bet
When you bet on 6 different numbers in 2 adjacent rows 5 to 1
Street Bet
A bet on 3 different numbers in a horizontal line 11 to 1
Column Bet
When you bet on one of three possible columns 2 to 1
Dozen Bet
A bet on three groups of a dozen numbers: 1-12, 3-24, 25-36 2 to 1
Even / Odd Bet
A bet on whether the number will be either even or odd. 1 to 1
Black / Red Bet
A bet on whether the color will be black or red. 1 to 1
High / Low Bet
A bet on whether the number that hits is either low (1-18) or high (19-36) 1 to 1
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