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by potatote 2545 days ago
I do not have a lot of background on statistics. Hoping someone here could explain why in Roulette game, although the apparent chances of getting number between 0-18 (inclusive) and 19-36 (inclusive) are the same, we lose money if we keep playing more and more numbers of games.
1 comments

The 0 does not count as a lower number. There at 18 numbers in both the groups 1-18 and 19-36. Each of these give a 18/37 chance of winning, which is lower than 50% and therefore loses in the long run when the money is being doubled on a win.
Ah...I see. I am not much of a gambler either, so this is a very useful piece to know why Roulette gambling, in the long run, turns negative for the gambler. Thank you.