Rating Question for Roulette Players!

[Inveterate Cruiser]

When getting rated by the pit boss at the roulette tables, does the pit boss look at what you bet or just the size of your bets ie does it make a difference if you bet $50 on red/black vs $25 each on Red AND Black?

[KreinKrunker]

On 9/16/2022 at 1:03 AM, Inveterate Cruiser said:

 $25 each on Red AND Black?

But why would you bet on both red and black?

[DallasGuy75219]

Same response as to the same question you posted on the Carnival board.  IF they let you play this you'll lose in the long run; the best you can do is break even if green never comes up. 

 

Presumably you're looking to get rated as if you're playing $50 a spin but I think they're unlikely to rate you at all because you're basically wasting their time with an (almost) even money bet, and the house is only going to win (statistically) 1 in 19 spins.

[DallasGuy75219]

 duplicate post

Edited September 19, 2022 by DallasGuy75219

[jl88]

31 minutes ago, DallasGuy75219 said:

Same response as to the same question you posted on the Carnival board.  IF they let you play this you'll lose in the long run; the best you can do is break even if green never comes up. 

 

Presumably you're looking to get rated as if you're playing $50 a spin but I think they're unlikely to rate you at all because you're basically wasting their time with an (almost) even money bet, and the house is only going to win (statistically) 1 in 19 spins.

Hmm... It would seem that the long term payoff for the house (or for that matter loss for the player) is the same as only betting on Red or Black rather than both.  In an "average" 38 spins when betting equal amounts on each, 18 red  wins /black losses (balance to $0) , 18 red losses /black wins (balance to $0)  and 2 green losses so loss of 2 in 38 games (loss of 2*$50 = loss of $100)

When betting only red 18 red wins (+$900)  18 black losses (-$900) and 2 green losses (-100) 

$100 for the house either way.

 

The casino will be happy to take your bet. We gamble that we will beat the odds. The casino KNOWS they will win in the long run.

Edited September 19, 2022 by jl88

[DallasGuy75219]

5 minutes ago, jl88 said:

It would seem that the long term payoff for the house (or for that matter loss for the player) is the same as only betting on Red or Black rather than both.

Betting both black and red (or even/odd or 1-18/19-36) hedges the bet in the event one comes up more often than the other in a session.

 

17 minutes ago, jl88 said:

The casino will be happy to take your bet.

In OP's other thread on the Carnival board, a cruiser who's a casino pit supervisor said some casinos won't allow you to bet like this.

[Inveterate Cruiser]

1 hour ago, jl88 said:

Hmm... It would seem that the long term payoff for the house (or for that matter loss for the player) is the same as only betting on Red or Black rather than both.  In an "average" 38 spins when betting equal amounts on each, 18 red  wins /black losses (balance to $0) , 18 red losses /black wins (balance to $0)  and 2 green losses so loss of 2 in 38 games (loss of 2*$50 = loss of $100)

When betting only red 18 red wins (+$900)  18 black losses (-$900) and 2 green losses (-100) 

$100 for the house either way.

 

The casino will be happy to take your bet. We gamble that we will beat the odds. The casino KNOWS they will win in the long run.

 

You’re absolutely right in that whether I bet $50 on red OR Black all the time or bet $25 on Red AND Black will still result in a long-term loss of 5%. The only difference is the impact to bankroll volatility - one can theoretically play a much longer time with $500 at a roulette table  betting $50 a roll if you make 2x$25 covered bets than  if you bet $50 on Red/Black consistently…….. hence my question…….