- Place two units on the color black; place one unit on the third column.
There are eight red numbers and four black numbers in the third column, which is one of the strategy’s most attractive features. Half of the 16 red numerals appear in columns 1 or 2, while the other half appear in column 3. For the time being, let us disregard the numbers 0 and 00. Upon landing in red, eight of the 18 red digits appear in the third column, indicating a tie. If the chance of winning is 8/18 and the payout for winning is 2 to 1, I have a 33.3 percent player advantage in this scenario.
After taking everything into consideration and averaging it with the bet on black with zero percent house edge, again disregarding zero and zero for the time being, I have a 16.7 percent player advantage. Using the 0 and 00 together is not to my benefit (2/38) The product of -100 percent and (36/38)*16.7 percent is 10.53 percent. What are your thoughts?
The conditional advantage of the third column bet, assuming that the ball falls in red and disregarding both zeroes, is 33.3 percent, according to my calculations. However, using the same reasoning, if the ball falls in the color black, the chance of the third column bet winning is 4/18 = 2/9, and the probability of the second column bet winning is 2/9. When a bet pays out 2 to 1, and the odds are 2/9, the house has a 33.33 percent edge on the wager, which is called the house advantage.
Accordingly, when looking at it your way, the third column bet would have a player advantage of 33.33 percent half of the time and a house edge of 33.33 percent the other half of the time. That bet has a 0 percent house advantage since both players are canceling each other out. Finally, when the two zeros are added together, the total player advantage is (2/38) 100 percent minus (36/38) percent is -5.26 percent
To put it another way, the following table illustrates the number of ways in which each potential result may occur, the chance of occurring, the amount of units gained, and the contribution to the total return. The bottom right cell displays an anticipated loss of -0.105263 units, which is in line with the rest of the cells. When the house advantage is divided by the two units bet, the result is a house edge of 5.26 percent.
The following are the chip colors that are well-known in Las Vegas casinos for denominations of $100 and under:
- $1 = white or blue; $5 = red; $25 = green; $100 = black; $1 = white or blue; $5 = red; $25 = green; $100 = black
My question is what colors are available for chips that cost more than $100?
Generally speaking, purple is used for $500 and yellow for $1,000 at most casinos. Beyond that, things aren’t quite as straightforward. Although it is simple to state that the colors orange and brown are popular, not everyone adheres to this rule. Occasionally, the colors white and blue reappear. However, although it is true that certain colors were formerly used for $1 chips, the chip sizes increase beyond a certain threshold, typically around $1,000. What I do know is summarized in the following table.
I’d like to express my gratitude to Mdawg for his assistance with this question as well as the photographs.