Probability Roulette

How To Win At Roulette
Roulette is one of the oldest gambling games around, dating back hundreds of years. While the game seems to be based purely on chance, there are certain strategies and tricks you can use to maximize profits and minimize losses.

Play European Roulette, not American Roulette
The American Roulette wheel has an extra slot, 00, which slightly decreases the odds of winning. If you are given both options, choose European Roulette to increase your likelihood of winning. The house edge on a European wheel is on 2.63%. With the American wheel, it’s twice that.

Know how much to bet
When it comes to roulette and any other gambling game, you should only bet an amount that you know you can afford to lose. Things can get out of hand quickly, especially with a game that goes so fast. Once you have determined how much money you are willing to lose, stick to that amount and don’t be tempted to bet any more.

Withdraw your profits as they come
If you start off betting $100 and end up with $150, then you should withdraw your profit ($50) and keep it separate. Continue playing with the same $100, and that way, the maximum loss you can have is $50. The more you win and withdraw your money, the more likely it is that you will at least break even, if not make a profit.

Double up
If you are betting on black versus red or odd versus even, then try the following strategy: each time you lose, double up the amount that you bet the first time and then bet on the same color until you win. This is called the Martingale Strategy.

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