
How To Win At Roulette
I Watched Him
Make $80,000 On The Roulette Wheel
One thing I realized quickly when I first
worked at a casino, is that people want to believe there is a
system they can easily use to beat the "house." The
other thing I soon realized, is that there are ways
to get the statistical edge over the casino. Unfortunately,
they are not easy.
Card counting, for example, really can
give you the edge at blackjack. The problem is that it is often
a small advantage, and there is a lot of work and self discipline
required. I remember one "regular" who I think made
money consistently at the blackjack tables, but even he wasn't
getting rich.
You see, you may only get a 1/2 percent
edge over the casino. If your average bet is just twenty dollars,
and the dealer deals out sixty hands per hour, you will make
about $6 per hour in the "long run." In the short run
you will lose or win hundreds on different days. That's with
perfect play and $20 bets.
Do you have the stomach for $100 bets,
meaning on some days you'll lose thousands of dollars? By the
way, if your eyes glazed over from this little bit of math, you
don't have what it takes to beat the house. It's all about the
math.
Biased Wheels
Okay, there are great books out there if
you want to count cards. This, however, is a story about roulette.
One of my favorite players used to win regularly. When I ran
the table, we would talk philosophy while he patiently made his
simple bets all night. I knew he was winning, but not how much.
After I quit the job, I met him for coffee and discovered that
he had made over $80,000 in sixteen months of part-time play.
That made it more interesting.
In case you aren't familiar with roulette,
here's how it works. The dealer or "croupier" spins
the wheel in one direction, and the ball in the other. There
are 38 "pockets" on an American wheel (1 through 36,
plus 0 and 00). Players place their bets, and when the ball falls,
they are paid according to the number of that pocket. We'll ignore
all the various bets and concentrate just on the "straight
up" bets. These are when you bet on one number. You get
paid 35 to 1 if your number comes up.
There are 38 pockets, and you get get just
$35 for each dollar bet, plus you keep the bet. You can see that
the house has an edge (5.6 percent, to be precise), but what
if certain numbers came up more often than they should - more
often than 1-in-38 spins? That's when you can make money.
Let's suppose, for example, that number
5 is coming up an average of once every 29 spins. If you bet
ten dollars on it every time, you would lose 28 times, or $280,
every 29 spins, but win once which would pay you $350. In other
words, in the long run, you would be making $70 for each 29 spins.
($350 minus $280) When there weren't many customers, I sometimes
did 60 or more spins per hour, so you can see that this could
be very lucrative.
So why would that number or any other come
up more often? The short answer is Who Cares! The longer explanation
has to do with the nature of the wheels. The pockets could be
manufactured imperfectly, with one or more slightly larger than
the others, therefore catching the ball more often. One or more
of the dividers between the pockets could be loose, meaning it
absorbs the force of the ball instead of bouncing the ball away.
The ball would therefore tend to drop into that pocket more often.
There are other reasons, including more
temporary ones, like a drop of sticky pop in one of the pockets,
or a build-up of dust. The important point isn't what causes
a "biased" wheel, though. The important point is that
biased wheels exist, and can be taken advantage of.
Why would a casino let this happen? Roulette
wheels are expensive, and so they are not often replaced, unlike
cards and dice, which casinos replace daily. This means that
if there is a bias, it sometimes remains for months. I know for
a fact that managers where I worked were aware of the problem,
but as long as the table made money overall, they were too lazy
to worry about one guy making money on it.
Charting a Roulette
Wheel
John (not his real name) came in initially
with two friends, as he explained to me. They took turns "charting"
the wheel. This is nothing more than writing down the number
that comes up on every spin. They did this for weeks on both
roulette wheels in the casino. It is an incredibly boring and
crucial part of the process, often amounting to nothing, since
there may not be a bias.
You see, if the number eighteen comes up
ten times in a hundred spins, it is meaningless. The sample is
too small. You need to know if the bias is real, and therefore
will continue, or is just a statistical fluke. Without getting
into probability theory and a discussion of standard deviations,
suffice it to say that if you want to be fairly certain the bias
is "real," you need a sample of about 5,000 spins or
more. They eventually had 15,000 spins recorded in a little notebook.
As it turned out, the number "0"
was coming in 1-in-28 spins. This surpassed the 1-in-33 threshold
they needed to make it safe and worth their while. Only John
had the patience, though, to continue sitting there night after
night, placing one bet on one number, over and over. Within a
couple weeks, his friends quit. They didn't have the patience
required, and probably also didn't like the fact that even with
the odds in their favor, they had nights when they lost as much
as $700.
So night after night John sat there
discussing politics and philosophy with me and the other dealers,
placing one bet on 0 for each spin of the wheel. He was making
between $50 and $100 per hour depending on the number of spins
per hour, and assuming the bias was consistent in the long run.
Eventually, after more than a year, and $80,000 in profits for
John, the casino got a new wheel.
To try this yourself,
here is the formula:
1. Find a roulette wheel.
2. Watch ...
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