I Average profits and losses on a roulette table

[cave man]

I waited for one of the thirds to lose six times in a row at Trump Plaza. On the nex roll someone bet on the two thirds that were coming up while I put $100 on the one that lost six times. I won $200. And yes, a third can lose for longer than six times. But the next time you are at a casino, find out for yourself how many wheels have this happen in 5 or 6 hours. Not many.

 

[cave man]

I waited for one of the thirds to lose six times in a row. On the next throw, a fellow put his chips on both the thirds that were winning for the last six throws. I put $100 on the third that lost six times in a row, right in the middle between his two stacks of chips. I won $200.
See for yourself how many times in a two to five hour period any wheel has one third lose for six times in a row. If this bothers you to make a large bet after six loses, wait until a wheel has one third lose eight times in a row (if you have the patience to wait that long) before betting on the losing third.
I know...the odds of any third or 0 and 00 are the same with each spin. But it seems that runs of length on a losing third do not happen with any kind of frequency. Try it some time. After a couple of hours, track the most number of times a third will lose in a row...

 

[Orodruin]

I waited for one of the thirds to lose six times in a row at Trump Plaza. On the nex roll someone bet on the two thirds that were coming up while I put $100 on the one that lost six times. I won $200. And yes, a third can lose for longer than six times. But the next time you are at a casino, find out for yourself how many wheels have this happen in 5 or 6 hours. Not many.

Again, gambler's fallacy.

You are not interested in the first six times - you bet no money on it. You are interested in the odds at the present time, i.e., the odds of getting something seven times in a row given that it has already occurred six times in a row.

 

[mfb]

I know...the odds of any third or 0 and 00 are the same with each spin.

So what exactly is your point?