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How do casinos make money on roulette

There is a myth built around the so called House Edge in roulette. It is time to dispel it once and for all. This is going to be the definitive text about the house edge in roulette.

A monograph that clearly and fully explains what is the house edge, the theoretical arguments build on it and how do casinos make money on roulette reality of how it actually affects your play and winnings at the roulette tables.

Why is it so difficult to win at roulette? If you pose this question to a mathematician or post it into a gamblers forum, the usual answer you will receive is that roulette is not just difficult, but impossible to beat in the long run.

Now, no one would doubt that you can win at roulette in a couple of visits to the casino. But they are sure that you cannot stay in profit for too long. Either you use a refined system or throw your chips at random numbers, the outcome, according to those guys, will be the same: Not only do they know that you will lose in the long run, they also know how much you will lose: If you ask them how do they know the outcome beforehand and why are they so sure of it, they will answer monotonously: Whenever someone tells you, that you can not beat roulette, because it is a negative expectation game or because of the house edge, please point him to this page.

The main idea behind the house advantage or house edge or player dis-advantage or average expectation — they all refer to the same this web page is that the casinos need to make money. Therefore every casino game has a specific house advantage, depending on the type of the game roulette, blackjack, craps, Texas Holdem etc.

Theoretically, the house advantage is the amount of money the casino is making for itself, while the rest of the money is given back to the players by paying out their wins. Another way to describe the house edge is that from all the bets that take place on a roulette table, http://zverinek.info/best-online-casino-malta.php casino will pay-out to the players all the microgaming casino deposit 10 played minus a small percentage, that percentage is how do casinos make money on roulette House Edge.

As you know roulette has, on the table layout and on the actual roulette wheel, the 37 numbers from 0 to The Green zero symbolizes the house edge. But the point is that although the roulette wheel and table have 37 numbers and 37 discrete possible outcomes, we are paid as if it had only When you bet on RED even chance, it is actually not exactly an even chance, since on the wheel there are 18 red numbers, 18 black numbers and 1 zero.

There is no doubt: The mathematicians take the how do casinos make money on roulette of the house edge to a whole new level and they conclude that it is impossible to win at roulette in the long run. Their reasoning is as follows:. No matter what is your roulette strategy, the house advantage can not be negated. It is always there no matter what combination of bets you choose. The overall expected return or expected value is:.

And therefore they arbitrarily conclude that roulette strategies or progressions or bet selections make no difference and offer no advantage. They call that average expectation.

You can not win at roulette, because it is a negative expectation game. How do casinos make money on roulette this is too much narrow-minded mathematics and too little real life. I want to emphasize that the house advantage is a considerable disadvantage for any roulette player. It eats up part of our winnings. But generally speaking, its significance is greatly overstated. To finish this issue once and for all, I challenge all the house-edge-obsessed gentlemen: Show me a system that would win if there was no house edge.

I dare anyone to show me a system that could beat roulette if there was an edge in favor of the player! Now show me a system that will win with these favorable conditions!

This means a system that will generate profit in real life. If you give me such a system I most certainly could turn it to successful system taking into account the house edge. How else can I explain it to you? If the negative expectation is not such a big issue, then why do we loose at roulette? Indeed, the extreme difficulty to be profitable in roulette, is one of the reasons why the house edge myth is so popular.

See more it is not the true and complete explanation. The main reason for the http://zverinek.info/ipad-slot-machine-real-money.php of most serious and thoughtful roulette players is something totally different: It is the variance from the average, the difference between theoretical expectation and actual outcomesthe extreme fluctuations.

That is the reason we lose. We lose because sometimes we experience crazy spin sequences that fall in the tails of the online news usa gambling distribution link. You just can not beat those roulette spins from hell.

The real problem, and the reason we could always lose at roulette click the following article that, no matter what the theoretical expectation, it IS possible to have a spin sequence with only 37 Blacks!

And such a low hit how do casinos make money on roulette would be possible even if there was no zero and no house learn more here. The house edge in roulette is a reality. However this is by no means proof that he can not be profitable with the right strategy. And anyway, the house advantage is a minor issue compared with much more important issues the roulette player has to deal with, like the variance from the expected average of spin outcomes.

The payout is exactly the same. For simplicity purposes, the above monograph is referring only to how do casinos make money on roulette single zero roulette wheel. The logic of the arguments however hold true even for the American wheel. The house edge is NOT the real reason we lose at roulette. The Kavouras challenge To finish this issue once and for all, I challenge all the house-edge-obsessed gentlemen: Conclusion The house edge in roulette is a reality.


Guaranteed Winning Roulette Strategy To Make Money

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