Friday, February 13, 2009

Are all bets the same?

It is an accepted fact of Roulette that all possible bet combinations are equally bad. Except for the 5-number combination bet which has a larger house edge.

BUT, what about these two possible bets: (1) betting 35 units, one each on 35 different numbers; or (2) betting 34 units, one each on 34 different numbers?

Think about this, if you lose under the 1st option (35 units), it will take you 35 wins to offset one loss, BUT a loss under the 2nd option can be offset with only 17 wins. Doesn't this seem like an advantage??

More thoughts (on a later day) - Looking at the first scenario: If the wheel hit 38 different numbers, you would have won one unit 35 times and lost 35 units three times for a net loss of 70 units. Looking at the second scenario: If the wheel hit 38 different numbers, you would have won two units 34 times (+68) and loss 34 units 4 times (-126) for a net loss of -68. Is this the advantage?? a mere 2 units? or is my math simply wrong again??