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location toronto.on.ca
age 26
visits member for 2 years, 1 month
seen Feb 12 at 14:28

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
comment Roulette betting system probability
@ThomasAndrews my mistake I forgot to include that in. I'm going to edit the question.
Jun
29
comment Roulette outcome probability
Sorry I meant how many rolls are needed so that the probability of RBRBRBRBR in that order will happen.
Jun
29
comment Roulette outcome probability
For the result - 0.24% - is it possible to calculate how many rolls are needed in order to get this alternate of 9 outcome (RBRBRBRBR)?
Jun
29
comment Roulette outcome probability
why is the probability higher for formula #2 if the results of individual trials are independent?
Jun
29
comment Roulette outcome probability
so the first formula you give is non-alternate i.e. BBBBBBBBB or RRRRRRRRR?
Jun
29
comment Roulette outcome probability
RBRBRBRBR or BRBRBRBRB
Jun
14
comment Roulette tactics probability
What do you think about my last thought in chat, do you agree?
Jun
13
comment Roulette tactics probability
Actually I found out how to calculate those fractions, but I guess since the casinos have a minimum betting limit of $10, betting dozens would not be profitable.
Jun
13
comment Roulette tactics probability
Sorry I'm really confused about those fractions, I'm not sure what it adds up to, but I think most casinos has a mininum bet rule of $10, so what would be the optimum amount to bet on?
Jun
13
comment Roulette tactics probability
I don't get what you mean by bet one more than half what I have lost so far.