Hey all, long time reader/lurker!(adsbygoogle = window.adsbygoogle || []).push({});

I was having a nice get together with friends and one of the friendly discussions we had during our feast involved casino games. One of which was roulette. All of us agreed it's a sucker's game.

Out of curiosity, what would it take for any of us to sit down and play American or European Roulette? Would changing the payout for every time you WIN on your bet be enough to overcome the house’s edge? If so, what kind of payout is necessary to have a 1% edge over the house? What about a big 5% player edge?

We went back and forth on this for a few minutes, but it’s still driving me nuts because I know it should be simple to figure out, yet I can't.

FACTS:

American roulette (00) – 38 numbers, 35:1 – House edge 5.26% - probability to win 47.3%

Single Zero roulette (0) – 37 numbers, 35:1 – House edge 2.70% - probability to win 48.6%

European roulette (0) – 37 numbers, (1/2 money return on 1:1 bets when it lands on 0) 35:1 – House edge 1.36% - probability to win 49.3%????????

My simple math and most likely incorrect:

On the American roulette, l bet $10 on RED (1:1 bet). I win $10 +$0.63.

10 + 5.26% (house edge) + 1.00% (my edge) = $10.63

So as long as I get 6.26% on top of my original bet I have a long term 1% edge? It doesn’t look or sound right to me.

On the American roulette wheel I am expected to lose about $0.53 per $10 in the long run, but if the casino gives me an additional $0.63 for every time I win, will beat them in the long term correct?

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# Roulette is Unbeatable, but let's change the payout!

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