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 Jul4 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. Jul4 comment Roulette betting system probability @RickDecker When you win your first bet you stay at the first bet for your next bet. Jul2 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. Jul2 comment Roulette outcome probability this is the simulator I know. Jul2 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. Jul2 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. Jul2 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. Jul2 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? Jul2 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. Jul2 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. Jul2 comment Roulette betting system probability @ThomasAndrews my mistake I forgot to include that in. I'm going to edit the question. Jun29 comment Roulette outcome probability Sorry I meant how many rolls are needed so that the probability of RBRBRBRBR in that order will happen. Jun29 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)? Jun29 comment Roulette outcome probability why is the probability higher for formula #2 if the results of individual trials are independent? Jun29 comment Roulette outcome probability so the first formula you give is non-alternate i.e. BBBBBBBBB or RRRRRRRRR? Jun29 comment Roulette outcome probability RBRBRBRBR or BRBRBRBRB Jun14 comment Roulette tactics probability What do you think about my last thought in chat, do you agree? Jun13 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. Jun13 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? Jun13 comment Roulette tactics probability I don't get what you mean by bet one more than half what I have lost so far.