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/dev/random / Re: What is the most money you have won at a Casino?
« on: June 09, 2012, 08:05:47 AM »
According to Wikipedia the expected value on any bet is a loss of 5.3 cents for every dollar played. A perfect example of the take your winnings and run philosophy. The payoff on red or black is 1:1 but the odds are 1.111:1 against you. The zeros are the house advantage. The house has a 5.26% advantage, which is pretty high. Single numbers pay off 35:1 but the odds against winning are 37:1. I've never played roulette for money but I've watched it many times. The action is interesting and it's interesting to see the way people bet. The only consistent thing about it though is the house is always sweeping up the chips.