I am a roulette player. Neither an “editor” nor a “mathematician”. The difference is that I put my money where my mouth is. Most roulette sites are written by editors who have never placed a bet. They recycle knowledge and recite Wikipedia. And they are paid to write. I have paid dearly for every single word I write. I have invested money, time, aspirations and grey matter in roulette.
Money Maker Machine – Probably not the most appropriate name, but this is a a collection of automated software programs that are far more user configurable than any other software program. In some cases, the only limit to the systems these software programs can use is your imagination. These are the best software programs available, but that doesn’t mean they will win.
Essentially, Roulette is all about odds, simple physics, and statistics. The word roulette means “little wheel”, and therefore it shouldn’t surprise you that the spinning roulette wheel was invented by a well-known gambler and math wizard. For the next hundred years or so, the early Roulette wheel remained untouched – until Francois and Louis Blanc came upon it. Thanks to their addition of the number zero space on the wheel, the house edge was immediately increased, and turned Roulette into a huge money winner for casinos from then on.
Here’s why: the third column contains more red numbers than any other column, giving yourself a good chunk of red on the wheel. At the same time, you’re betting on black, which gives you a little under half the wheel. The third column has a payout of 2:1, and the black has a payout of 1:1, so your column bet should be half the black bet to break even. This is because if a red number shows up on the third column, you win double your bet, but lose your black bet, which is the same amount – it’s considered a push, since you’re even. It’s the same when a black number comes up: you win your black bet, but lose your column bet. But when a black number on the third column comes up, you pull ahead. This system of betting minimizes the risk while giving you a solid chance of steadily padding your bankroll.
Even if there isn't a betting limit, and if you have an infinite credit limit, it still doesn't really work, it just doesn't really fail either. If the martingale strategy is continued indefinitely and without regard to betting limits, your bankroll will hit arbitrarily high positive and negative values. The expected value is still negative, but the variation is so high that it your bankroll won't stay either negative or positive.
Step 2 is very easy. You need to break down your 24 chips in half, so you have two stacks of 12 chips. You then put one of the stacks of 12 on one of the dozens, and the other stack on another of the dozens. So you now have two out of the three dozen’s covered. If the ball lands in one of your dozens you will win 2-1 on your bet, so that will pay you 24 chips, plus the 12 from the winning bet will mean you now have a total of 36 chips.
The history of the game begins more than 300 years ago, at the end of the 17th century, with Frenchman Blaise Pascal being credited with this invention. Apparently, he was trying to create a perpetual motion machine as he was studying probabilities, but the outcome took him by surprise. The roulette wheel gained a lot of traction relatively quickly and by the end of the century, it was a popular game in Paris.