Roulette

[wb]

My first post in this part of the forum.

Are there no fans of roulette out there or is it truly a mugs game?

I'm new to it, and had a few spins last night. Everyone I tell seems horrified! Once I got used to it, I set up a Reverse Labouchere (http://betting.betfair.com/horse-racing/betting-strategy/racing-betting-reverse-labouchre-staking-120808.html) staking plan (hope it's ok to link to that site again), and ended up making a packet.

I was never a fan of stop at a winner, but I set myself a 'check out' figure of €10 on each game. I must have played maybe 30 times, and came out on top on all games. One game in particular, lasted way too long and the stakes nearly hit the house limit - however, I've adjusted slightly. Also, the money I made before and after would have well covered me had the bank for that game gone bust.

I've been extremely disciplined in my staking and know when to quit. In three hours, I made the guts of €400 profit and it seemed way too easy :geek. I'm in this gambling game long enough to realise that nothing is as it appears however. So, is there money to be made, or have I had simply had beginners luck?

Honestly, I've never played before yesterday, so I'm completely new to all this.

[TheOldhamWhisper]

There are people who make a few quid out of it but beware - there will be several of those 'house limit' occasions where you will lose and it will cost you the maximum that you can lose. Three or four of these (and they will probably come close together) will wipe out the sturdiest of banks.

Roulette is a fairly decent game for making your money last a long time before you lose it all (as with all other forms of computer controlled games, the only winner is the software).

[silax]

good articles wayne i see you're getting famous
nice one

[Iron Chris]

Nice one wb...:thumbs

Out of interest what were you betting on and what was your starting bank/stake?

Used to play more Blackjack than Roulette until the Casinos tightened up with their bonus offers...:rolleyes:

[wb]

I was playing on Betfair. I must say, I earned quite a few commission points out of it too.
I was just playing black, using the Reverse Labouchere staking plan as described above. I started with a line of 1-7 (meaning my first stake was €8), every time I went €10 or more in profit, I banked the money and started again.

[Iron Chris]

Cheers Wayne, I might have to have a play sometime and try it out...:)

[wb]

Cheers Wayne, I might have to have a play sometime and try it out...:)

They've a play for free option, which is always worthwhile until you get the hang of things. I've yet to have a big loss, but I'm not silly enough to think it won't happen, it's probably just a matter of time. Still, it's a good bit of fun if nothing else.

[Iron Chris]

Another question Wayne...:)

I followed the link and was reading some of your excellent articles...:thumbs

In the one about backing the non-handicap favourites at certain tracks were they the forecast favourites or the favourites at the off?

Cheers.

[Win2Win]

If you run it through 10,000 random selections in Excel, the bank would probably bust 99.9999% of the time. :)

If it doesn't I've wasted years of my life studying form & systems :laugh

[wb]

Another question Wayne...:)

I followed the link and was reading some of your excellent articles...:thumbs

In the one about backing the non-handicap favourites at certain tracks were they the forecast favourites or the favourites at the off?

Cheers.

Thanks Chris.
It's based on actual favs rather than f/c. This poses problems if you are not at the computer all day. If you use the exchanges they've no 'fav' option (as yet). It's one of the very few systems I still use the bookies for, as you can tick the 'fav' bet rather than trying to guess what will go off fav.

It's just about in the black for 2008, with 32 winners from 80 bets (40%), and a small profit of £20.86 to £10 level stakes.

[wb]

If you run it through 10,000 random selections in Excel, the bank would probably bust 99.9999% of the time. :)

If it doesn't I've wasted years of my life studying form & systems :laugh

But that's playing to infinity. The house edge will always catch up.

Is there no merit in getting in and out with very small stakes, but a big bank behind you?

I was quitting every time I won a tenner. Sounds small, but it built up very quickly, and I was soon playing with money I'd won - meaning that I could afford to bust a bank on one or two sequences and still be in the black overall (haven't busted as yet, but I'm sure it'll happen).

[markwales]

Online casinos - DO NOT GET SUCKED IN

Withdraw and don't go back.

I won't go into detail, but Trust me.

[Win2Win]

Is there no merit in getting in and out with very small stakes, but a big bank behind you?

Simple answer. No.

Unlike gambling on the horses, you cannot move the house edge in your favour.

[wb]

Well, my beginners luck ran out it seems!

Played a good few spins tonight, but it looked like I was digging myself into a hole, so I decided to quit while ahead before I do any real damage to the previous profit made. I've transferred the remaining profit into the regular betfair account and that's me done with this. I think I'll stick with the horses!

To be honest, it gets boring quickly and isn't really my cup of tea. I'm sure it might be a bit of fun in a real casino with small stakes, but clicking the mouse and staring at the screen wasn't exactly riveting for me.

At least I know about it now anyway, even if it's not for me.

[Mavrick]

Online casinos - DO NOT GET SUCKED IN

Withdraw and don't go back.

I won't go into detail, but Trust me.

What that man said:)

[silax]

i once talked to guy who could beat roulette very interesting guy and he also explained how he could do it so listern up
he used to count in his head from when the croupier used to release the ball to a certain bounce then could pin point within 5 numbers where the ball was going to land. now this may seem far fetched but to talk to this guy you would have believed him his main problem was keeping it up for long enough as the stress and clculations done so quickly gave him migrains hence he could only do it for 30 - 60 minutes at a time.
now he had to also get his bets on before it was too late so we're talking bigg stress.
he once challenged a casino owner saying he could beat roullette if he was allowed to use a pc he said it wasn't for cash or nothing sybstantial just to show he could do it and he won the bet. nothing odd there but he did it when computers aren't what they are now and his pc was just a counting device with a button press and a timer i think.
now the next thing you're gonna tell me is why wasn't this guy a millionare well actually he was. he didn't make his cash through roullette obviously but another business associated with the gambling industry.
he was also great to go out with on an evening cos the whole night was on him. he had a little thing about fruit machines and if he found the right one it would pay for the night.
quite far fetched i know but seeing is believeing as they say.