I tried to simulate a few strategies used for playing roulette, found that interesting. I have documented what I have done in this article and I think you'll also find that interesting. Please do give it a read and provide feedback!
Posted by high_volt
6 comments
Fun fact: your best single bet odds in a casino is walking up to a stranger and playing rock-paper-scissor for $50
As someone who realizes casinos are a losing prospect, but views it as “paying to play the game”. Curious the game/strategy for playing the longest/most rounds for a given bankroll.
Eg: if I walk into a casino with $200, what game/strategy has the longest median time to losing it all.
IIRC the single best odds you can get in a single bet in a casino is the don’t pass line in craps.
Visualize the words “the house always wins.”
Why do we need a whole python analysis to understand a negative Expected Value game? There will always be variance, so you could “be up” over any small sample. But in the long run, you will lose.
The only way you can “win” in gambling, is if you place additional value on things associated with gambling, ie. Entertainment, free drinks. If you go to purely win money, then you’ll never come out on top
The best way to win money in the casino is to be the casino.
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