Tag Archives: advantage play

Predicting Roulette

Roulette Wheelby Mike Emmerik

Roulette is a casino game that in principle is predictable, since bets are (usually) allowed after the ball has been launched, and hence (if you are a reductionist)1)According to Wikipedia, reductionism is any of several philosophical ideas regarding the associations between phenomena, which can be described in terms of other simpler or more fundamental phenomena. the final resting place for the ball is predetermined. (Barring unusual events like stopping the wheel, or something falling into the wheel).2)Mike Emmerik provided the Blackjack Review Network some excellent information on the Australian casinos back in the 1990s.  Here is a short article he wrote regarding roulette during that time.  It is still worth reading today as it provides some good references for future study and research.  The references to casinos with single-zero roulette was no longer accurate and has been removed.  A few edits have also been made to the original article. If you are interested in future study, be sure to check out the roulette articles at BlackjackForumOnline.com.

No betting progression system will beat roulette. There are also systems based on biased wheels, which have some technical merit, but in practice the amount of time needed to find a biased wheel is prohibitive, and you never know for sure whether you have really found a biased wheel, or have merely experienced a statistical glitch. Two references below discuss biased wheels.

I became interested in the possibilities of predicting roulette after reading The Newtonian Casino (formerly The Eudaemonic Pie) by Thomas A. Bass. In this very interesting and readable book, the author hints at the possibilities offered by the rigid mechanics of roulette. A small team of us have spent 2 years researching this area.

Roulette Table

Bibliography

The Newtonian Casino, Thomas A. Bass, T A, Penguin, London, 1990. (First published as “The Eudaemonic Pie”, Houghton Miffin, 1985). ISBN: 0-14-014593-1. Inspiring, and very readable. The classic book on the subject.

The Mathematics of Gambling, Edward O. Thorp, Gambling Times, New Jersey 1984. ISBN: 0-89746- 019-7. Contains information on many gambling topics, including blackjack . The people in Newtonian Casino were influenced by this book. Short on details, but some valuable information from one who has owned a real wheel.

A Roulette Wheel Study, Ron Shelly, self published, Atlantic City, 1988. I bought this from the Gambler’s Book Club in Las Vegas for about US$50. This handbound book is written from the perspective of a person in the casino industry (Ron is a consultant). Very interesting work. Contains detailed diagrams of wheels, how to service them, systems, scams, history, and the law. The author gives his address as P.O. Box 90971, Austin, Texas 78709.

Beating the Wheel, Russell T. Barnhart, Lyle Stuart, New York 1992. ISBN: 0-8184-0553-8. Mostly about biased wheels, a subject of little interest to me. Some great stories, and a few pointers to other works.

Roulette for Profit, Geoffrey Lewis, Jady Davis Games Products, Broadbeach 1991. ISBN: 0-9595715-4- X. Good statistical treatment of biased wheels.

The Money-Spinners, Jacques Black, Faber and Faber, London 1993. ISBN: 0-571-17037-4. Some great stories about the great roulette scams and successful players, such as Darnborough and Jaggers. Entertaining, but no technical details or information. Also contains a small section on blackjack.


Other sources of information

In the 1990s, roulette was rarely discussed in the newsgroup rec.gambling.other-games; since most roulette “systems” do not work, and the subject was ridiculed there. Some gambling books and supplies could be obtained from one of the rec.gamblers, Chuck Weinstock (Conjelco) and other sources.  There was also the rec.gambling home page, where many other gambling related links could be found.

EDITOR NOTE:  Today, the Internet is your open library to everything.

Single Zero Roulette wheels

No matter what system you use (prediction, biased wheels, or (shudder) betting progressions), you are always better off with single zero roulette wheels. The double zero wheel often used in the US (house edge of 5.26%) is the primary reason for the lack of popularity of roulette in the US, and the single zero wheel (house edge 2.70%) is the main reason for the popularity of roulette elsewhere in the world. You would think that US casinos would figure out this simple fact, but there is evidence that US gamblers don’t realize the difference (where both single and double zero wheels are available in the US, the single zero wheels seem no better patronized).

Single zero roulette (usually not with European rules, i.e. en prison3)In roulette, the en prison rule is an opportunity to recover one’s stakes after a spin of zero, provided one’s bet was even-odds (i.e. high–low, even–odd, red–black).  For more information check out Wikipedia.) may not be at your favorite casino but may be worth the effort to find out. 

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Footnotes

Footnotes
1According to Wikipedia, reductionism is any of several philosophical ideas regarding the associations between phenomena, which can be described in terms of other simpler or more fundamental phenomena.
2Mike Emmerik provided the Blackjack Review Network some excellent information on the Australian casinos back in the 1990s.  Here is a short article he wrote regarding roulette during that time.  It is still worth reading today as it provides some good references for future study and research.  The references to casinos with single-zero roulette was no longer accurate and has been removed.  A few edits have also been made to the original article. If you are interested in future study, be sure to check out the roulette articles at BlackjackForumOnline.com.
3In roulette, the en prison rule is an opportunity to recover one’s stakes after a spin of zero, provided one’s bet was even-odds (i.e. high–low, even–odd, red–black).  For more information check out Wikipedia.

Full-Time Gambling — Viable Profession or a Fool’s Trap?

Professional GamblingBy Trent Sissoko

If you’ve ever had a couple of successful gambling rounds, you’ve probably wondered whether the thought of becoming a full-time gambler is plausible. Even if it is, is that a practical career choice? Some of the most prosperous full-time gamblers would say that this career choice is definitely an option.

Take, for example, Dan Bilzerian and Matthew Benham. Aside from being an actor and a businessman, Bilzerian is a full-time gambler, while Benham is also the owner of Midtjylland FC and Brentford FC1)Midtjylland FC and Brentford FC are professional football (soccer) clubs.. So, why shouldn’t this career be an option for you.

However, even before you set your sights on expanding your gambling career, you should consider both the pros and cons of that venture. Keep reading to find out both the negatives and the positives of full-time gambling, as well as how to make it in this line of work.

Disadvantages of a Full-Time Gambling Career

Although there are plenty of benefits of being a professional high-roller, take a look at a few cons first.

  • High chances of failure — Before anything, there is a higher chance of failure than success with professional gambling. Compared to other occupations, full-time gambling is the one that could bring the largest financial crisis. Many failed gamblers have never recovered after a futile endeavor.
  • Vices — Because of the nature of the business, being exposed to vices is inevitable. If you fail to discipline yourself as a career gambler, you might wind up surrounded with bad choices.
  • Social stigma — The social stigma of being a professional gambler is still present. You might find yourself in a bit of a problem if you’re at a business or social event and you need to introduce yourself as a full-time gambler. Although people will find your career choice interesting, they’ll also probably give you side-eye.
  • Internal conflict — If you come from a religious background, you might find yourself in disagreement with your new way of life. Even if your gambling career turns out to be a success, the chances you’ll be struggling with internal issues are high.
  • Dependence — If this turns out to be your profession, you will be dependent on the whims of many gambling institutions. Whether you’re an offline or online gambler, you will need to keep up with the constant changes that could hinder your success.

Advantages of a Full-Time Gambling Career

Now that you’ve gained insight into the negatives of a professional gambling career, let’s look at the positives.

  • More time — With a career such as this one, you’ll have more time on your hands to spend traveling, with family and friends, exploring other options, etc. Professional gamblers don’t have 9-to-5 jobs, so their schedules are much more flexible.
  • Mental strength — Your mental capabilities will improve without a doubt. This line of work forces you to develop and practice your mental resilience that can help you in many other spheres of life.
  • New connections — Due to the nature of the business, you will be able to meet many new people and make new connections. This could pay off if you ever decide to venture out outside of gambling.
  • Celebrity lifestyle — If this is something you’re interested in, you could definitely become a celebrity. Thanks to social media, you will be able to live a celebrity lifestyle if you expose yourself enough. You probably won’t be an A-lister, but you will be more famous than you are now.
  • Travel — If you get good enough, you will be able to travel the world to play in first-class tournaments. That’s a win-win combination as you will be able to travel and earn money doing the thing you love.
  • Financial security — Although financial failure is an option, lifetime financial security is an option as well. If you manage to develop top-of-the-line playing skills, you’ll be able to secure your family’s financial security for many years to come.

Is It Worth It?

Ultimately, it’s all about finding the right balance between risk and reward. One of the most crucial things is to keep your head clear and make good and conscious decisions. Make sure you understand the odds of becoming a professional gambler, practice your discipline, and be clear about the advantages and disadvantages of this full-time position. Additionally, there are other things you should be aware of, so keep on reading.

Not All About Luck

People watching from the sidelines might think that professional gambling is all about luck. On the contrary — full-time gambling is anything but pure luck. Some of the best career gamblers are among the top strategists, which significantly increases their chances of succeeding.

That’s one of the reasons why you’ll see so many professional gamblers with the so-called poker faces. They know they will be able to make their way back to the top even if they have a bad hand. By simply sticking to a strategy, believing in yourself, and managing your bankroll, you will be able to achieve a lot and stay in control.

Embrace High-Skilled Games

Undoubtedly, playing online casino games or bingo is a great way to get you started. However, such games are not enough if you want to make a career out of gambling. With that in mind, sports betting and poker are two of your best bets to make it big. For that reason, the majority of players that want to become professional gamblers focus on poker.

There are plenty of advantages to playing poker once you upgrade your skills. First of all, you’re playing against other players as compared to the casino. That’s a positive thing as your chances of winning depend on your opponents’ skills, and the casino doesn’t have a say.

Secondly, once you get into it, you’ll be able to choose who you’ll play against. You will have a better understanding of the game and you’ll get to know the people you’re playing with. So, if the table you want to join has potentially strong players, you can move on to the next and keep your edge.

Bear this advice in mind as it will definitely help you if you decide to try out this profession and a great place to try get it started is at a €10 bonus casino.

Professional Gambling Is Hard Work

Contrary to popular belief, professional gambling is not a piece of cake. Although making large sums of money is probable, it takes a lot of hard work to get there. Before anything, you will need to be better than your opponents, and many of them have been doing this for much longer than you have.

Next, you will need to learn how to minimize your losses and maximize your gains when playing against those same players. To do that, you will need plenty of practice. Practice will help you build the right level of skill needed to venture into professional gambling.

So, before you decide to quit your day job, spend months practicing and bettering your skills. Once you see that you’re making continued success with your gambling, think about going full-time.

Have a Plan

Just like you would have a plan for any other business venture, you need to have a plan if you decide on a gambling career. This goes for every gambling session, not only the career in general. So, before you start your poker or blackjack tournament, make sure to have a plan. Think about when it’s the right time to give up, when you should stop reinvesting and take your earnings home, and similar. Ask yourself these questions every time you decide to gamble.

Revenge Gambling Equals Loss

Even though you might be disappointed or angry, revenge gambling is not the solution. There are countless stories of revenge gambling leading to tremendous losses and disastrous results. If you decide on revenge gambling, that means you’ll be leaving all of your strategy and hard work behind. Similarly, becoming a millionaire overnight does not happen if you lead your gambling career with revenge in mind.

Stick to Your Comfort Zone

Even before you start your gambling career, you will notice that you excel at certain areas more than others. If that’s the case, the best option is to stick with what you know. If you are good at poker, avoid the roulette table. If sports betting on cricket is your thing, do not waste your hard-earned money on basketball wagering.

If you have two or three areas that best showcase your gambling knowledge, don’t get greedy and spread out to numerous other areas. The point is that your success will be much more evident if you stay within your comfort zone.

On the other hand, if you decide to try other gambling activities, you should do so without investing real money. Start with free online games and practice your strategy. If you see that you’re doing well and that there might be a future for you in a particular area, widen your horizons. You can always update your portfolio with new skills; you just need to be patient and take things slowly.

Stay Grounded

One of the most crucial things in professional gambling is the ability to stay grounded. Winning thousands of dollars will easily get you over excited and ready for a new adventure, but you should lead with your head and not your heart. Having a lot of money at once might lead to making some bad decisions, like putting a down payment for a new house.

This also applies to your state of mind during the game. Try to keep your head cool and stay grounded at all times so as not to make any rash decisions that might lead to your downfall. Try not to put any pressure on yourself during the game as it can affect your success.

Final Thoughts

Now that you have a list of pros and cons of professional gambling, as well as some advice on how to make it in the business, you should decide whether it’s worth it. Although it is not a stable career, it can lead to opportunities and financial gain. If you’re serious about making gambling your career, try to be sensible, practice every day, and come up with strategies that will give you an edge. Good luck!

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Footnotes

Footnotes
1Midtjylland FC and Brentford FC are professional football (soccer) clubs.