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  1. george kaplan

    The Roulette Wheel (probability) question

    Thanks for the clarification. :)
  2. george kaplan

    The Roulette Wheel (probability) question

    Again, I have no familiarity with how Vegas deals with craps (I fully understand that they set the odds to favor the house, I just don't know the details), but when a bunch of soldiers or mafia guys get together and start throwing the dice, and throwing down bets on a shooter which someone else...
  3. george kaplan

    The Roulette Wheel (probability) question

    Actually the expected value is (amount you get if you win)*Prob(win)-(amount you're out if you lose)*Prob(loss).
  4. george kaplan

    The Roulette Wheel (probability) question

    Well I'm sure I'm oversimplifying this, but if the odds of a roller 'winning' are not 50/50, then if you could bet for or against his winning, then wouldn't you just bet whichever way has the better odds? I realize that casinos probably do something to prevent this, but in the floating crap...
  5. george kaplan

    The Roulette Wheel (probability) question

    I'm no expert on craps, but can't you bet for or against whoever's rolling the die?
  6. george kaplan

    The Roulette Wheel (probability) question

    Sorry to be dense, but... Which theory does this shoot down? How can you tell the last 14 rolls were all the same color? In that picture it looks to me like there were a couple of greens in there. I don't see 14 of one color in a row.
  7. george kaplan

    The Roulette Wheel (probability) question

    One thing that absolutely galls me is the fact that Vegas can outlaw card counting in Blackjack. Counting cards isn't cheating, anymore than know probabilities in poker. Cheating is having an ace up your sleeve, not being aware of what cards have already been played. It's completely bogus that...
  8. george kaplan

    The Roulette Wheel (probability) question

    Lew sums it up well. Basically, for every person who "wins" using this system, there are more people who will lose, and the house will come out ahead. And over time, you will lose more than you make no matter what. If you use the 7 spin limit, what you have is a high probability of winning a...
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