Roulette System Wins $96,000 for Students
 

7 College Students Get System To Beat Roulette Wheel Win $96,000

College Students Get System To Beat Roulette Wheel Win $96K

https://news.google.com/newspapers?nid=2245&dat=19560726&id=x4YzAAAAIBAJ&sjid=1-4HAAAAIBAJ&pg=2927,2707572&hl=en
RENO, NEVADA, June 14 - Officials at Harold's Casino said a group of 7 college students from a University devised a roulette system that has one $96,000.  General Manager of the gambling club, Raymond Smith, said the students started working out their system for roulette on the first day of June. They manned the roulette wheel at the casino around the clock in 6-hour shifts.  They wrote down the winning numbers from the roulette table for several days before betting.  The youths varied the roulette numbers they bet on but the biggest bets were placed on six, eight, nine, ten, twenty, twenty-seven, thirty-two and thirty-four.  A $25 bet on a single number was their maximum amount. Smith said it was against the casino's policy to name the gambling winners. He also said the roulette wheel involved lost a total of $120,000. The college student's roulette strategy was so successful that the casino employees removed the roulette wheel for inspection, thinking it must have a mechanical defect. But a check showed no faults in the precision of the wheel.  Smith joked how wonderful college education can be for young people.
https://news.google.com/newspapers?nid=2245&dat=19560726&id=x4YzAAAAIBAJ&sjid=1-4HAAAAIBAJ&pg=2927,2707572&hl=en

Here is an interesting paper titled: Predicting the outcome of roulette that demonstrates that even a very slight slant in the roulette table can lead to a very pronounced bias which could be further exploited to substantially enhance returns. The first system relies only on a mechanical count of rotation of the ball and the wheel to measure the relevant parameters. By applying these strategies to a standard casino-grade European roulette wheel, we demonstrate an expected return of at least 18%, well above the −2.7% expected of a random bet. With a more sophisticated, albeit more intrusive, roulette system (mounting a digital camera above the wheel), we demonstrate a range of systematic and statistically significant biases which can be exploited to provide an improved guess of the outcome.

We all heard of the Martingale roulette system, where you double your bet every time you
lose until you win, in order to make 1 unit profit on any even money
bet. This roulette system strategy would work if you had an unlimited bankroll and if the table had
no maximum betting limits. But we all know that in reality this is not the
case at all.
Imagine you start betting with one unit and you encounter a streak of 8
consecutive losses. Your bets would be 1, 2, 4, 8, 16, 32, 64, 128, 256. You
would have placed a total of 512 units on the table and still haven't won yet.
Your next bet requires you to wager 512 units, where if you win you will make
only 1 unit profit and if you lose, your loss will be a devastating 1023 units.
At this stage you would probably give up, as you either have exhausted your
bankroll and/or the table will not allow you to bet 1026 units. It would also
be totally unreasonable to risk 2048 units for 1 unit of profit. And the
chances of winning are slightly less than 50% at every bet. The fact that Red
and Black didn't show up for 10 times does not mean that it's due to show up on
the 11th time, because the probability of its showing up on the next bet is
exactly the same as the previous bet: about 50%.
We all see some streaks of Reds or Blacks (in Roulette), Pass-Line bets or Don't
Pass-Line bets (in the game of Craps), Player or Banker (Baccarat), where the same outcome
repeats sometimes over 2, 3, 4 and even a bit more rarely 7, 8, 9 times. The
longest streak of Red showing up consecutively recorded in history was 32 times
in a row in a casino in Brazil. Imagine the losses of whoever was using
The martingale roulette system even for those who have waited for Black not to come up for 10 times
before they started betting on it.
I have personally seen Black showing up 16 times in row. And I see either Black
or Red showing up 6, 7 times consecutively much more often. This is very
obvious if you observe Roulette scoreboards.
Winning Parlays will take advantage of those occurrences. The Martingale strategy seems to
be a pretty bad strategy when this happens. It's also nerve wracking and
dangerous for your blood pressure. We will use exactly the opposite of the
Martingale approach. With Martingale, you make a profit of only 1 unit profit
at a time with the risk of escalating losses. With Winning Parlays you will
risk only 1 unit at a time with escalating winnings. You can apply the concept
of reverse strategies every time you see that something is not working too well
for you, and for every mediocre roulette system strategy there is usually a reverse one, which
will work much better indeed. College Students Get System To Beat Roulette Wheel Win $96K
This roulette system is appropriate for any even-money betting. Red, Black, Even, Odd,
High, Low at Roulette; Pass, Don't Pass line bets at Craps; or Banker, Player
at Baccarat. 
 
15 brilliant math geeks who outsmarted the system is a list of math geeks who’ve used their computational skills to make big bucks in Las Vegas casinos, playing the lottery, or on other forms of gambling strategies.
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