Casinos have an edge and they make money, FACT. Players bet on Roulette and the game has a built in edge in the casinos favour. The player wins or loses on individual bets, but the casino is looking at the odds over the LONG term.
It's a bit like the way the insurance companies calculate insurance premiums, they lose sometimes, but they have an edge in their favour where premiums collected are more than their payouts.
Therefore, Individual bets even out over the long term and the casino earns according to the following equation:
Casino Profit = (Total Bets All Players) x (House Edge)
The House Edge
Roulette balls and dice have no memory. Every spin in roulette is independent of all past events and the current spin is not influenced by previous spins. This combined with the house edge dooms all roulette systems to failure.
Roulette systems cannot work, as there is no reliable data to base a system on in the first place. If you don't have data you rely on, you can't have a system that works!
Over time, the longer you play, the ratio of money lost to money bet will get closer to the house edge. If you win in the short or long term, it is purely down to chance, or luck.
Roulette Systems - Progression Systems
Progression systems are based on the belief that this equation can be beaten. It is an attempt to ignore the truth and tries to place bets according to a set equation in an attempt to change the house edge in favour of the player. There are two main types of progression roulette systems:
A system where wagers are raised after a losing bet is called a negative progression. The logic behind this type of betting system is the frequency of winning sessions.
It assumes that in almost every session, the player will be able to leave on a win.
The downside is that loosing sessions can be very expensive for the player. The most famous of these systems is the Martingale system. While a player would lose over time anyway, the casino gives itself some added protection restricting the number of consecutive bets!
Another method is positive progression, pyramiding, or letting a profit ride.
Players are willing to gamble more aggressively with money they have won in order to win bigger amounts.
The downside of these systems is the player needs to keep winning.
The player needs a long series of wins and the odds are strongly against him, in fact the house edge tells you that he can't win and the longer he plays the more obvious this will become.
The fact they are sometimes playing with winnings is irrelevant over time to their overall profitability.
Winning at Roulette
It is obvious from the above that casinos can't lose over the long term because of the house edge.
The above systems will not work, as there is no reliable data to base them on.
Players can win in the short term, (by chance), but the longer they play the more the casino gains an edge and wins.
To get the house edge down to its lowest level does not require roulette systems, all you need to do is know the right bets and how to place them.
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