Roulette - Mathematical Model

Mathematical Model

As an example, we can examine the European roulette model (roulette with one zero). Since this roulette has 37 cells with equal odds of hitting, it is clear that this is a final model of field probability, where, for all . We'll call the bet a three, where for a certain random event|event, and = random size. The event naturally leads to a winning event, to the size of the bet (in dollars, for example), to the bet rule, and the mathematical expectation relates to the bet profitability.

The rules of European roulette have 10 types of bets. First we can examine the 'Straight Up' bet. It's clear that in this case, where, and is determined by this law

\xi(\omega) = \begin{cases} -r, &\omega \ne \omega^\prime\\ 35 \cdot r, &\omega = \omega^\prime \end{cases}.


The bet's probability is equal to

M = \frac{1}{37} \sum_{\omega \in \Omega} \xi(\omega) = \frac{1}{37} \left(\xi(\omega^\prime) + \sum_{\omega \ne \omega^\prime} \xi(\omega)\right) = \frac{1}{37} \left(35 \cdot r - 36 \cdot r \right) = -\frac{r}{37} \approx -0.027r.


Without details, for a bet, black (or red), the rule is determined as

\xi(\omega) = \begin{cases} -r, &\omega \text{ is red} \\ -r, &\omega = 0 \\ r, &\omega \text{ is black} \end{cases},


and the profitability . For similar reasons it is simple to see that the profitability is also equal for all remaining types of bets. .

In reality this means that, the more bets a player makes, the more he is going to lose independent of the strategies (combinations of bet types or size of bets) that he employs:


Here, the profit margin for the roulette owner is equal to approximately 2.7%. Nevertheless, several roulette strategy systems have been developed despite the losing odds. These systems can not change the odds of the game in favor of the player.

It's worth noting that the odds for the player in American roulette are even worse, as the bet profitability is at worst, and never better than .


Read more about this topic:  Roulette

Famous quotes containing the words mathematical and/or model:

    “As we speak of poetical beauty, so ought we to speak of mathematical beauty and medical beauty. But we do not do so; and that reason is that we know well what is the object of mathematics, and that it consists in proofs, and what is the object of medicine, and that it consists in healing. But we do not know in what grace consists, which is the object of poetry.”
    —Blaise Pascal (1623–1662)

    “Your home is regarded as a model home, your life as a model life. But all this splendor, and you along with it ... it’s just as though it were built upon a shifting quagmire. A moment may come, a word can be spoken, and both you and all this splendor will collapse.”
    —Henrik Ibsen (1828–1906)