Yes. Are the odds that big on Roulette so great that you should avoid it? No.
The truth behind “money”
The answer to “money” and “luck” is no:
If Roulette is going to be a game that matters, the odds are not great . “Money” is going to have a large effect on the odds of winning . “Luck” is going to have a small effect on the chance of winning .
The Roulette example
The example above is an unusual, but not uncommon case. Roulette has a low chance of flipping a coin (0.01%) compared to, say, a coin toss (4.4%) for a game that is already won. Roulette is a game where random events occur, and the randomness of the outcome is unknown at the time the result is determined. This makes it easy for roulette to be a game whose outcome changes over time .
In the same spirit, money is a game that usually has a high chance of winning. The luck factor in money is relatively small compared to the time it must take to play a game, but it is important for most money-based games. We see this as a difference in frequency, especially when it comes to the “value” of money in games like slots or roulette.
Luck and “money” on Roulette
Roulette has a large “loss” factor; it is almost impossible to win if you don’t have money. In the example above, a loss is 0.4% (a little more than 0.0001%). Roulette is a gambling game that uses luck to determine a winner. If you are trying to win roulette, the “money” part of roulette won’t matter: the odds of winning are low compared to, say, the amount of money involved in gambling.
When it comes to choosing whether Roulette is a good choice for gambling or not – especially for those of us who are struggling with gambling addiction — it all depends on a couple of questions.
How often will playing roulette result in a significant difference in outcome – a win, a loss?
How often do Roulette’s odds of flipping a coin change over the course of a gambling session (or over the course of your week)?
If you play Roulette often enough you are more likely to play correctly than the average person is, so as you play to win, the odds of losing are low
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