There is only one potential winning strategy in an odds game rigged to a -inf expectation over +inf time. That is to identify a specific positive payoff which is sure to happen at some point over +inf iterations, and then have enough money (and lifespan) to keep the game going until it happens.
Set it up as a random walk problem to see if it's winnable this way. I doubt roulette is.
As you say, the chance of winning is ALMOST 50% (and excluding zero which reduces it further). So in the long run this is just a strategy for losing your money more slowly than other ways. The winning strategy is to be the guy with the wheel.
How much you can bet at one time isn't the important part. The important thing is
1) how many bets can you make 2) as bets -> infinity, does p (payoff is significantly positive at some point) -> 1?
part 2 isn't looking for a positive payoff near infinity, but at some point along the journey. Set a target winning amount, then set up a model to see if that amount will definitely be hit at least once, after few enough iterations for a positive payoff.
For example, you want to win $10, and you're betting $1 at a time, with a $1 payoff, from an infinite stash, with a winning probability p = .49. Simple random walk with slightly unequal p and q. You're almost certainly going to be up $10 somewhere along the inevitable journey to - inf.
How certainly? I don't feel like crunching through this but it's probably not possible to get sure winnings in a reasonably finite amount of time. Sort of like Powerball can have a positive expectation if you only play for the highest jackpots... as long as you are nearly immortal.
The best way to be a winner at gambling is to bet with the Martingale system at sports betting. There you put together your own bets and it's close to 100 % to be a winner. Betting at roulette sometimes happens black or red comes up 14- 15 times in a row, sometimes even more. And the online casinos are rigged for you to lose if you use Martingale.I know it the hard way.The only person in history I know who won a fortune with the Martingale system was Nick the greek. He was allowed no limit bet at the Monte Carlo casino and just bet until winning, lol.
So it is. When I was young, I also tried online casinos, at the beginning everything was ok, I won and lost, but the point is that there was a profit. And after a couple of weeks, I leaked everything, although I read some suitable methods. Well, I think it's pure luck.
So it is. When I was young, I also tried online casinos, at the beginning everything was ok, I won and lost, but the point is that there was a profit. And after a couple of weeks, I leaked everything, although I read some suitable methods. Well, I think it's pure luck.
The only way to win at gambling in a casino is to get lucky. The odds are against you. That is why they build all those hotel rooms and large gaming areas. But you can win at anything if you get lucky. I have seen a number of times someone sit down at Roulette, place a bet on one number and the first spin that number comes up. Pays 35:1. Get up and leave. I did it once, bought in for 10 $100 chips, put one on a number and it hit. The pit boss came up to me and asked my why I bought the other 9 chips!