Monday 26 March 2007

Law Of Averages



Lookin back on my last post I think I was a bit reckless with my JJ. Should have known he had KK by the preflop reraise. Anyway thats pastpost. Since then, somehow I managed to drunkenly put £5 into Blu. Must have been playing like a madman. Dont remember a thing but managed to cashout £50. Nice!!!


Got a hot tip on a roulette system. Its had great reviews, people are saying it hasent failed in a whole week. My mate is currently $400 up from the system. I was ofcourse very sceptical when I heard this because after all roulette is just random number generation. Anyway the clever bit is the betting increments. It keeps continuation bets to the bare minimum on a 3 in 1 chance of winning. It worked for a whole hour for me and I went $50 wooopeee.

However there are some fundamental mathematical flaws in the system. The first being based on the "law of averages". A theory of probablity commonly misunderstood by gamblers. Its states that in the long run ie. infinity, a coin will flip heads 50% of the time. This is true. However this system says u should spin the wheel until one of 3, 1 in 3 places has not landed 7 times and bet on this. This is absolutely ridiculus. On the next spin there is still a 1 in 3 chance that any of the 3 will hit. I know in the long run it evens out but this could go on till the cows come home. This point was proven about an hour into play. My first bet was $1 offering me $2 if I win. Didnt win, 2nd bet $2. No wins 8th bet $20 still no win and so on until I made my final 11th bet of $67 which still didnt hit my 1 in 3 chance and totally cleared me out to the tune of $200. Would be feelin the sting right now but the beauty of it all is that 888.com Casino thing do a 100% $200 sign up bonus and the amazing thing is you can draw your money out straight away and play with their $200 until you've won enough to cash out. Kool eh? Its worth a shot for fun but dont use your real money coz u're gambling everthing just to cover your bets and make $2. Tho some people have reported playing 8 hours a day and making £1000 but this is probably 888 propagander. Who know?


A mate of mine always bets black on the roulette table then doubles the bet if he loses. Dont know how much he lost but he saw red land 16 times in a row. If you start with £1 and double it 16 times thats £16384. The maths dont add up, think I'll stick to the poker!

5 comments:

David said...

I play roulette a lot in couple of sites but I almost never leave as a winner. If you can give me some tips I'll be grateful! By the way, I really like this blog :-)

DrunkenMonk said...

Thanks David. The links that helped me were www.freewebs.com/taxfreemoney/ and
www.redbuttonreviews.com/ which does a review of the system plus other money making schemes.
Not that I condone betting with real money on roulette wheels but good luck if you do mate!!!

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