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Table Games Roulette

Discussion in 'Table Games' started by Buckeye Bob, Feb 20, 2013.

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  1. Buckeye Bob

    Buckeye Bob Low-Roller

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    Once again last night, I saw something at the roulette table that makes no sense to me. I see people all the time with the strategy of just covering the board with chips in random piles everywhere. By the end, even if they hit something, they barely break even. Last night, at the Hollywood in Columbus, OH, I saw a guy at a $100 max table hit with the max on 17 (of course). He then proceeded to put out 20 separate bets of $100 dollars on various numbers, splits, etc. of course next spin missed everything. Next spin, he put the ore $1,500 out there and whiffed again and then left. Certainly degenerate behavior but I see this frequently at various levels of betting.

    I guess I don't understand the strategy. Seems like anytime I see someone doing this, they never walk away with money. Not the type of bettor that is happy with a hit and run. Guess they are just addicted to winning something, maybe?

    Curious on others thoughts.

    Buckeye Bob
     
  2. WrongWayWade

    WrongWayWade VIP Whale

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    Obviously, putting one chip on every number would be idiotic; you'd be guaranteed to lose 2 chips. But covering 20 of 38 single numbers is very similar to betting on black or red, similar chances and similar payouts. I HAVE seen people cover nearly all of the numbers but with varying sizes of stacks, which could pay off but on most numbers would probably be a small loss.

    There really isn't any good or bad strategy possible with Roulette. My favorite quote: "All bets are the same at Roulette: equally bad."
     
  3. Kiwicol

    Kiwicol Low-Roller

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    This behaviour is quite common at a roulette wheel as lots of players betting inside like to have regular collects (even though they are still losing $ on that spin when hitting a number with a low bet on it).

    I kind of understand this as roulette can be brutal when only betting 3 or 4 numbers inside - you can easily lose the bankroll without even one collect.

    I tend to take a middle road - load up on 3 numbers for big collects, and have 4 or 5 which make smaller profits on a winning spin. I am still only covering 8/37 or 38 numbers, but it increases the feel good factor of occasional wins.

    Whether or not it increases my chance of still being at the table when one of my 3 numbers hits ........??????
     
  4. Auggie

    Auggie Dovahkiin

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    What you are describing is close to how most people play the game, and some of them do win something - you might not see them cash out a big stack of chips, but its more likely that they've been pocketing larger casino chips.

    They do this because the thing with roulette is: you can't change the house edge, but you can change how often and how big/small your wins are.

    Like if you have 38 chips:
    - you could put one chip on every spot on the board and you are 100% guaranteed to win on the next spin, though you will still lose chips in the end (betting 38 but you'll only get back 36)
    - you could put all the chips on one number. That will give you a very slim chance of winning anything (1 in 38 chance) but when you do win it will be big (you would win 1,368 chips if your number comes up)

    How many spots you cover is basically derived from that:
    - if you cover 10 numbers you have a 26.3% chance that one of your numbers will come up.
    - if you cover 19 numbers you have a 50% chance that one of your numbers comes up
    - if you cover 25 numbers you have a 65.8% chance that one of your numbers comes up

    Of course, a lot of players don't put an even number on each spot when they bet multiple spots. If covering 25 numbers somebody might put 1 to 3 chips on each spot so that in the end they are betting $50, as an example.

    Using this 50 chip example still, somebody might bet 50 chips over 25 numbers like:
    8 spots have 1 chip
    10 spots have 2 chips
    6 spots have 3 chips
    1 spot has 4 chips

    If one of those first 8 spots comes up they are going to lose chips on this spin (betting 50 and only getting 36 back), but with all the other spots they are going to win chips

    If you made up a pay table for this wager, it would look something like:
    34.2% chance of winning 0
    21% chance of winning 36
    26.3% chance of winning 72
    15.8% chance of winning 108
    2.6% chance of winning 144

    You might be asking: but that 21% chance of winning 36 chips... why would somebody make a bet that wins them less than their amount bet?

    Those would be smaller offsetting wagers: instead of losing entirely if one of those numbers comes up you lose less if they come up. Its more akin to playing a video slot machine where on a 50 cent spin you might win less than you wagered - you aren't going to make profit that way, but you will make money that way, and that money can add up over time to buy you more spins.
     
  5. mike_m235

    mike_m235 Tourist

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    Another similar example would be playing 100 line VP. You're going to cut out most of the big wins (unless you get dealt quads, or something) and you're never (rarely) going to lose the whole bet.

    Essentially you're keeping your expected value the same, but you're lowering your variance by spreading your bet. It's a hell of a good way to get coin in with a lower risk of ruin.
     
  6. JimboS

    JimboS Low-Roller

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    I was at Bellagio a couple of years ago and this guy must have been betting $5,000 in chips per spin on the main floor. He had chips all over the numbers with $200 max and chips in between. He hit a few numbers in a row and the dealer was having trouble figuring the payouts. I wasn't sure if this strategy was working or not but he seemed to be ahead.
     
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