Card-Counting Is A Waste Of Time For Real Profitting

[mickeycrimm]

Alan, I receive 100 coupons for a 20% loss rebate on each bet at roulette. I go to the roulette wheel and 100 times I bet black for $100.

18/38 means I have a 47.37% chance to win each bet and a 52.63% chance to lose each bet.

So in 100 spins the expectation is to win 47.37 times which would pay $4737.
The expectation would also be to lose 52.63 times which would cost me only $80 each time. That would be a loss of $4210

So the expectation is to WIN $527 on the play (4737 minus 4210).

Without the 20% loss rebates the expectation would be to LOSE $527 ($10,000 x 5.27%).

You are right that the loss rebates won't help you hit black. But you lose less money when it doesn't hit.

So would you rather play it with or without the loss rebates?

I know. Your answer is "I don't play roulette."

BUMP

Alan, per the above:

Scenario A. You make 100 bets of $100 each on black with a 20% loss rebate on each bet.

Scenario B. You make 100 bets of $100 each on black with no loss rebates.

In scenario A you have an expectation of a $527 profit.
In scenario B you have an expectation of a $527 loss.

In both scenarios you make the exact same total wager, $10,000 (100X100). For the exact same total wager you have an expected profit in scenario A but an expected loss in scenario B.

This is what I meant by "same amount of total wager." Alan, you never answered my question either. Which scenario would you prefer, A or B?