Aug 1, 2008
Roulette is the glamour game of chance for many gamblers who enjoy its sophisticated
upscale image but also enjoy the endless possibilities and how they
can go from broke to rich, or rich to broke, with a simple spin
of the wheel.
Roulette is the game in which a spinning wheel finally stops with
a steel ball that falls into a colored and numbered slot which determines
the outcome of the bets that were made before and sometimes even
during the wheel being spun. There are the traditional “even
money” bets on black or red, high or low, and odds or evens.
You can bet on a single number, a group of numbers, or even “with
the house” by betting on the green zero and or double zero,
which is where the house edge is built into the game.
There have been many books and articles written about winning roulette
systems, most of which are myths and were based on absurd theories
or a string of luck. The most obvious betting system that feeds
into roulette is known as the “Martingale Theory” in
which gamblers just keep doubling their bets on even money wagers
on the theory that a roulette wheel cannot keep spinning one color
for, say, ten consecutive spins. The theory is that the wheel eventually
must hit black. The problem, however, is that the Martingale theory
has a ceiling due to the house limits as eventually it is possible
where the bet would exceed that limit and also meaning that all
previous Martingale wagers would be lost.
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