37 reputation
17
bio website
location toronto.on.ca
age 26
visits member for 1 year, 9 months
seen Feb 12 at 14:28

Jul
6
awarded  Notable Question
Feb
3
awarded  Popular Question
Jul
4
awarded  Promoter
Jul
4
comment Roulette betting system probability
Sorry I must have been confused. What I actually wanted to find out was what is the chance of winning £10(not 1 bet) on a series of 12 bets(since winning one bet does not necessarily win you money unless you win on the initial bet because this is different than the Martingale system it does not start over once you win a bet, instead you step back twice.
Jul
4
comment Roulette betting system probability
@RickDecker When you win your first bet you stay at the first bet for your next bet.
Jul
2
comment Roulette outcome probability
what I meant was since casinos have max-betting limit in place then the Fibonacci system will have a higher odds of winning once(initial bet) in a series since it allows you to have more bets in a series.
Jul
2
comment Roulette outcome probability
this is the simulator I know.
Jul
2
comment Roulette outcome probability
I actually know a site that provides a simulator for these betting systems. I have tested the Fibonacci system with it several dozen times and it seems like both the Martingale and Fibonacci systems will result in negative gain in the long run, but the Fibonacci system takes longer for that to happen i.e. if the M-system takes 1000 runs to lose everything then F-system will take maybe 2000 runs or so? But I was thinking, since casinos have max-betting limit in place then the F-system will certainly have a higher odds of winning since it allows you to have more bets in a series.
Jul
2
comment Roulette outcome probability
Hey, can you help me out with another problem I have about the Fibonacci betting system for Roulette? The person provided an answer, but I'm unsure whether it's correct or not as he did not provide an explanation for my questions.
Jul
2
comment Roulette betting system probability
also, does this calculation taken into account that winning at least one of the 12 bets doesn't necessarily win you money unless you win on your initial bet? Since unlike the Martingale system, it does not start over at the beginning of the sequence once you win a bet, you step back two numbers.
Jul
2
comment Roulette betting system probability
In a casino where there is a maximum betting limit, I guess this system actually gives you a higher odds of winning versus the Martingale system since this system allows you to have a higher sequence?
Jul
2
comment Roulette betting system probability
I know the formula for the Martingale system: 1-(18/38)^12 from the other question I posted, but I'm not sure if it's the same for this system.
Jul
2
comment Roulette betting system probability
@ShreevatsaR yes the payout for black/red is 1 to 1, but I'm not sure about the probability of winning a particular bet. Actually I think you're correct, the probability of winning a black/red bet is 18/38 since there are two zero slots on the wheel.
Jul
2
revised Roulette betting system probability
edited tags
Jul
2
revised Roulette betting system probability
added 89 characters in body
Jul
2
comment Roulette betting system probability
@ThomasAndrews my mistake I forgot to include that in. I'm going to edit the question.
Jul
2
asked Roulette betting system probability
Jun
29
awarded  Editor
Jun
29
accepted Roulette outcome probability
Jun
29
revised Roulette outcome probability
added 111 characters in body