Is anyone on GAG able to calculate the odds of wining $1,000 before losing $1,000 making $100 bets playing roulette and selecting red or black?

[Kelley1]

Making one $1,000 bet, your odds of winning $1,000 is 47.37%. Making $100 bets, I'm certain your odds of winning $1,000 before losing $1,000 is less 10% (probably less than 5%), and on average you would lose $1,000 after making 190 $100 bets. Making $10 bets, you would lose $1,000 after making 1,900 bets and I believe the odds of wining $1,000 is zero to at least 5 decimal places.

Updates

1 y

In 1913, a roulette wheel at the Monte Carlo landed on black 26 times in a row. People lost millions betting on red.

Updates

1 y

No one has answered my question. Instead, they reply with info that even the drunk off the street knows. That may be because their are no exceptional mathematicians on GAG.

[Jersey2]

The odds are always the same as the first game of roulette. You are speaking about Gamblers Fallacy. If you play long enough, the house wins. The odds are ever in their favor.

https://en.wikipedia.org/wiki/Gambler%27s_fallacy

[Jersey2]

Per your updates and comments. Why so mad? lol, this is a social site. I aced Statistics I and II in college which is great since it was a purposely difficult set of courses meant to washout students. But I am not doing the math for you as this is supposed to be relaxing. In any event, theory aside, you must realize that statistics are valid only over a long period of time. You may walk in and bet for a short period of time and have a run of either good or bad “luck”. The stats will always come back in line even though you will only see a very small piece of the “data” while gambling. It’s chance for a reason… but you know all this and we are drunks… even though I don’t drink. STFU.

[Kelley1]

Everyone knows that. However, their is a probability that can be calculated but you can't.

[Jersey2]

I can as O have in the past. I simply won’t.

[Makeushiver]

Love the dress

[blueonblack22]

All casino games favor the house. Do you think Vegas was built on winners?

Black Jack is the most thin odds favor game for the casino. But still virtually everybody loses if you play long enough.

[Kelley1]

Every drunk off the street knows that. Obviously, you don't know how to calculate the answer.

[blueonblack22]

This is one is very personal to me actually. That’s why I responded that way above. DM me if you want to know the details.

[Astarlessnightsky]

How much do you win when the ball lands on your colour?

The chances for winning 10 times in a row is 0,0005688973%

But if you win more than double what you have bet, its still possible.

[Kelley1]

The odds are much better than that because they also include, 11wins 1 loss (11-1) times 10, 12-2 times 90 or so, (13-3 + 14-4+ 15-5 and so on) times hundreds. Neither you nor I are intelligent enough to calculate the odds of winning. I am hoping someone on GAG is intelligent enough.

[Astarlessnightsky]

No its not that difficult.

The odds for eithrr black or red are the ~47% you mentioned so you just mulitply the chances how long you may play. Which is at least ten times.

But google suggest you only win 100 if you bet 100. One win will only give you another chance to play. And as the odds of winning are less than 50% you will loose more and more the longer you play.

If its a coin flip with a more or less 50/50 chance you could play forever and win nothing but also loose nothing.

But as the roulette has the peak, green 0 if your bet either red or black your chances of winning are less than the losing chances.

It would have made sense to play it over and over again if you win more than you bet, as every win would give you more than you lose, but if the payout is 1:1 you loose no matter how much you play and no matter how much you win.

Unless you win 10 games in a row and go home after that.

[CubaPirate]

Depends how many greens

[Jersey2]

True. Very few tables do not have a double zero.

[Kelley1]

The drunk off the street knows that. Obviously, you can't calculate the answer. Neither can I.

[beefcakebradybatson]

Unless Mayim Bialik joins G@G, NO !!!