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  5. Guest

    Las Vegas Sportsbooks 2

    Cosmopolitan of Las Vegas The sportsbook at Cosmopolitan of Las Vegas is powered by CG Technology and one of the most state-of-the-art sportsbooks located on the Las Vegas Strip. It’s conveniently right next to the casino floor and recently underwent an upgrade that doubled the sportsbook’s size in order to accommodate more sports fans and bettors. Vibrant LED walls make you feel like you’re in on the action, in addition to the dozens of high-definition televisions located throughout the sportsbook. The sportsbook at Cosmopolitan of Las Vegas has a bar right there, complete with more than 20 video poker machines. Cocktail service and a special VIP area are available, and patrons can make use of the CG Technology mobile gaming platform. Address: 3708 Las Vegas Blvd, Las Vegas, NV 89109 Website: www.cosmopolitanlasvegas.com/race-sports-book Phone: (702) 698-7000 D Las Vegas The D Las Vegas is located in the young and hip Downtown Las Vegas. The casino is home to the William Hill Sports Book on the second floor. The sportsbook is more intimate, with eight televisions and a 50-inch big screen monitor. The sportsbook can hold almost two dozen people. One of the biggest attraction to the William Hill Sports Book is the William Hill College Pick’em Football Contest. This is the one football betting competition in the state that focuses solely on college football. It costs just $500 to enter, as a one-time, up-front cost. Each week, contestants submit seven picks of college football games against the contest spread, selecting from a group of 25 eligible games. The contest runs for 10 weeks. In 2017, the William Hill College Pick’em Football Contest had a guaranteed prize pool of $75,000. For more information on football betting contests in Las Vegas, click here. Address: 301 Fremont St, Las Vegas, NV 89101 Website: www.thed.com/casino/sports-book/ Phone: (702) 388-2400 Flamingo Las Vegas The Flamingo Las Vegas sportsbook allows you to bet unhorse racing and sporting events on the Las Vegas Strip. The sportsbook is comfortable and divided into two sections, one for race bettors and another for sports bettors. There are about double the seats available for race bettors. The Flamingo Las Vegas sportsbook boasts more than 60 televisions and two extra large screens. One great feature at the Flamingo Las Vegas sportsbook is the ability to bet daily fantasy football and other sports. The same pari-mutuel bets available for horse racing are now available. Bettors can make win/place/show and exacta bets, plus there are separate betting contests for various skills positions in football. The Flamingo Las Vegas sportsbook does offer mobile sports wagering through the Caesars Sports app. The Caesars Sports app is available for iOS or Android devices, and you must register in person to activate your account. Registration can be done at any sportsbook under the Caesars umbrella. Address: 3555 S Las Vegas Blvd, Las Vegas, NV 89109 Website: www.caesars.com/flamingo-las-vegas/casino/race-and-sports-book Phone: (702) 733-3111 Gold Coast Located just off the Las Vegas Strip across the street from the Rio All-Suite Hotel and Casino and Palms, Gold Coast is home to a sportsbook that boasts seven 90-inch viewing screens, 35 48-inch screens, and individual monitors for race players. Wagers at the Gold Coast Race & Sports Book can be made using standard betting windows, interactive player terminals (IPTs), or the Gold Coast sports betting app that allows you to place a wager from anywhere in Nevada once registered. Gold Coast is also one of the homes to the Pick the Pros football betting contest, and it’s free to enter. In 2017, Gold Coast joined The Orleans, Suncoast, Sam’s Town, California, Fremont, and Main Street Station to together give away a total of more than $500,000 in prize money over the 17 week football season. Each week, $30,000 was to be awarded, with a minimum guaranteed top prize of $10,000 each week. Brought to you by Boyd Gaming, the Pick the Pros contest claims to be Las Vegas’ longest-running free football contest. For more on the Pick the Pros contest, click here. Address: 4000 W Flamingo Rd, Las Vegas, NV 89103 Website: www.goldcoastcasino.com/play/casino-games/race-and-sports-book Phone: (702) 367-7111 Golden Nugget Who doesn’t love the Golden Nugget? The sportsbook at the Golden Nugget is a favorite of many. It’s located in Downtown Las Vegas, but don’t let the location fool you. The Golden Nugget sportsbook is as hip and up-to-date as they come. The Golden Nugget sportsbook allows for sports-watching excitement at every turn, with more than 50 televisions on display. Whether it’s a luxurious booth or a high-top table, there are around 100 seats for patrons. The sportsbook also claims to have “the most extensive wagering menu in Nevada available at your fingertips” with the Golden Nugget Sports App, that is available through for iOS and Android. Address: 129 East Fremont Street, Las Vegas, NV 89101 Website: www.goldennugget.com/las-vegas/casino/race-and-sports-book Phone: (702) 385-7111
  6. Guest

    Las Vegas Sportsbooks 1

    Las Vegas, Nevada, is the gambling capital of the world. In the early 1930s, the State of Nevada legalized gambling. At first, not all forms of gambling were allowed. One of the forms of gambling omitted from initial legalization was sports betting, but that changed when the Silver State legalized sports betting in the late 1940s. At first, a 10% tax on all sports bets severely hindered the growth of this new sector of the gaming industry, but the tax was reduced significantly to 2% in the mid-1970s. The tax reduction spawned a new era of sports betting and casinos began to open their own sportsbooks. Today, one would be hard-pressed to find a casino in Nevada without sportsbooks, especially in Las Vegas. Let’s take a look a the casino properties in Las Vegas with sportsbooks. ARIA Resort & Casino Located in the heart of the Las Vegas Strip, ARIA Resort & Casino is a luxurious resort with a sportsbook that fits the upscale personality of the hotel and casino. The ARIA Resort & Casino sportsbook claims 90 high-definition televisions, plus two large screens measuring 220 inches each, all for your viewing pleasure. The non-smoking environment features plush, comfortable seating in a variety of chairs and couches across 10,000 square feet of space. Bettors have the option of placing wagers at the in-person betting windows or the handful of interactive player terminals (IPTs) located inside the sportsbook. Waitresses are on hand to serve drinks and food to patrons, and the sportsbook is conveniently located right next to Five50 Pizza Bar. Using the playMGM app, bettors can place bets right from their mobile device if they are located in the state of Nevada. The playMGM app is available for iOS or Android devices and available at ARIA Resort & Casino. Additional participating MGM properties include Bellagio, MGM Grand, Mandalay Bay, The Mirage, Park MGM, New York-New York, Luxor, Excalibur, and Circus Circus. Register in person at any participating MGM Resorts property with your M life Rewards card and photo identification. Address: 3730 S Las Vegas Blvd, Las Vegas, NV 89158 Website: www.aria.com/en/casino/race-and-sports.html Phone: (702) 590-7226 Bally’s Las Vegas The sportsbook is located at Bally’s Las Vegas Hotel & Casino in the heart of the Las Vegas Strip at the corner of Las Vegas Blvd and Flamingo Rd. The Bally’s Las Vegas sportsbook boasts 150 televisions and 11 big screens, all to give you plenty of viewing options. The Bally’s Las Vegas sportsbook has more than 250 seats available and there is a bar conveniently located right there. The Bally’s Las Vegas sportsbook does offer mobile sports wagering through the Caesars Sports app. The Caesars Sports app is available for iOS or Android devices, and you must register in person to activate your account. Registration can be done at any sportsbook under the Caesars umbrella. Address: 3645 S Las Vegas Blvd, Las Vegas, NV 89109 Website: www.caesars.com/ballys-las-vegas/casino/race-sports-book Phone: (702) 967-4111 Bellagio Las Vegas The Bellagio Las Vegas sportsbook boasts more than 5,000 square feet of space tucked away nicely next to the venue’s world-renowned poker room. The room has plenty of viewing options, including nearly 100 individual racing monitors and 13 large screens. Plus, there are more than 30 flat-screen television monitors located at the adjacent sports bar. There is a variety of seating options at the Bellagio Las Vegas sportsbook, including individual viewing stations, comfortable couches, and relaxing lounge chairs. For those too comfortable to leave their seats to grab a drink at the sports bar, cocktail servers are available. Using the playMGM app, bettors can place bets right from their mobile device if they are located in the state of Nevada. The playMGM app is available for iOS or Android devices and available at Bellagio. Additional participating MGM properties include ARIA, MGM Grand, Mandalay Bay, The Mirage, Park MGM, New York-New York, Luxor, Excalibur, and Circus Circus. Register in person at any participating MGM Resorts property with your M life Rewards card and photo identification. Address: 3600 S Las Vegas Blvd, Las Vegas, NV 89109 Website: www.bellagio.com/en/casino/race-sports-book.html Phone: (702) 693-6262 Caesars Palace There are many sportsbooks in Las Vegas, but there are few that can be called “iconic.” The Caesars Palace sportsbook is one of those few, and it’s a sportsbook that is highly recommended to be experienced by everyone from the casual sports fan to the sharpest of bettors. The Caesars Palace sportsbook is packed with excitement on any big sports night. Fans and bettors can engage in the action across six big screens measuring 12 feet by 15 feet, 12 50-inch televisions, and flat-screen monitors at every table. There are 140 seats for the sports section, plus more than 60 private booths for race bettors. There are cocktail waitresses available and a bar close by, plus the Caesars Palace sportsbook is just a few steps away from the casino’s poker room and area of table games. The Caesars Palace sportsbook does offer mobile sports wagering through its Caesars Sports app. The Caesars Sports app is available for iOS or Android devices, and you must register in person to activate your account. Registration can be done at any sportsbook under the Caesars umbrella. Due to its popularity, it’s recommended to arrive at the Caesars Palace sportsbook early for a day of viewing events. Address: 3570 S Las Vegas Blvd, Las Vegas, NV 89109 Website: www.caesars.com/caesars-palace/casino/race-and-sports-book Phone: (702) 731-7110
  7. Guest

    What if there’s a tie?

    A tie in the world of sports betting is often referred to as a “push.” If you bet on the money line and there was a tie as the result, you’ll likely get your money back and that’s it. The same goes for a point spread if the result ends up equating to a tie.
  8. Guest

    Why did the odds change?

    In most cases, the odds are always changing. Oddsmakers and sportsbooks are constantly trying to find and keep the best middle ground in a wager and often need to adjust one side of a bet, the other, or both in order to do so. Too much money being bet on one side or the other can cause the odds or point spread to be adjusted, and then there are things like changes in the weather or injury news that can affect how a game will play out and push oddsmakers to adjust. Odds or point spreads changing is completely normal. Just like the prices in the stock market can and will adjust over time, so will the odds and point spreads at a sportsbook. Odds change and line movement can work for you, but they can also work against you. This is why it’s suggested to study line movements when you are looking to place a wager.
  9. Guest

    How much should you bet?

    A wise man once said, “Only bet what you can afford to lose.” This applies to investing in stocks, playing poker, and especially to betting on sports. Only wagering in amounts that are comfortable to you is part of proper bankroll management, and know that each person is different, with varying thresholds. Oftentimes you’ll hear sports bettors refer to the amount of money wagered in “units.” A unit is a predetermined bet size a bettor will use as an average wager. From there, a bettor will determine how many units to wager depending on the conservative or aggressive nature of the bet. It is commonly suggested that bettors risk in the range of 1%-5% of his or her bankroll on each individual bet, depending on the confidence level you have in the bet. The lower end of that range, 1%, is often one unit for a sports bettor. Putting this into an example, let’s say you have $1,000 in your betting bankroll. Each unit would be 1% or $10 and your maximum bet can be 5% or $50. Applying the 1%-5% rule, sports bettors can guard against losing streaks and avoid losing an entire bankroll quickly.
  10. Depending on the jurisdiction, sports bets can be placed in a sportsbook or online, but those interested in placing a sports bet should understand the rules and regulations of the market they are in. Las Vegas is known for its dozens of state-of-the-art sportsbooks that cater to all kinds of sports bettors.
  11. Guest

    What is a total?

    In a game, a total is the number of points scored. Oddsmakers and sportsbooks will often release lines for the total amount of points scored between both teams in a game, and bettors can wager on if they think the total will be over or under the listed amount. This is often referred to as an “over/under” bet. Oddsmakers and sportsbooks can also put up totals for each side separately. Totals can also apply to wins in a season. In fact, season win totals are some of the most popular wagers across all major sports, especially in the NFL. An oddsmaker or a sportsbook will determine a line to set for the number of wins a team will get in a regular season. Bettors can then wager on if they think the team will win more or fewer games than the number posted.
  12. Betting on the money line means you are betting on the two sides straight up, without the added or subtracted points that a point spread provides. If the Dallas Cowboys played the New York Giants, you pick which team you would want to win and the odds factor in who is the favorite and who is the underdog. In this example, the Cowboys might be listed at a price of -200 and the Giants listed as +175. This shows us that the Cowboys are the favorite to win the game and the Giants are the underdog (note the minus and plus signs, as mentioned before). With these odds, you would need to bet $200 on the Cowboys to win $100. On the other side, a bet of $100 on the Giants would win you $175. This same game may be listed using a point spread, too, and that can help you determine where you want to make your bet.
  13. A point spread is used to even a betting matchup between two sides. The favorite will be giving points to the other side, and the underdog will be receiving points. To win against the point spread, the favorite must overcome the number of points given to the underdog. For the underdog to win against the point spread, the underdog can use the points given to overcome the opposition. For example, let’s say the Boston Celtics are -4 favorites over the Los Angeles Lakers, who are +4 underdogs. After the final score is realized, the Celtics would subtract four points from their total if that’s the team you bet on, or the Lakers would add four points if you bet on this side. This would then determine if the bet was won “against the spread.” In this example, if the Celtics beat the Lakers by a score of 100-90, all bets placed on Boston at -4 would win, as they overcame the four-point spread, and all bets placed on Los Angeles at +4 would lose because the team failed to overcome Boston’s total even with the added points. Likewise, if the final score was 94-92 in favor of the Celtics, the Celtics would lose a point-spread bet and the Lakers would win. Because the point spread is used to even the matchup, the odds you receive on a point-spread bet are much closer to even in terms of your return.
  14. A pick or a pick’em is when a bet is even on both sides in terms of who the oddsmakers expect to win, meaning it’s a 50-50 proposition. You just “pick” who you think is going to come out on top without having to overcome a point spread or lay odds. In pick’em contests, betting the money line will lend an even return.
  15. Guest

    What is an underdog?

    Opposite to a favorite, an underdog is the team or competitor oddsmakers expect to lose. Underdogs are often displayed with a plus sign in front of the odds. Underdogs operate in similar fashion to favorites when it comes to a point spread or a moneyline, just opposite. When betting a point spread, the underdog will often be receiving extra points versus the opposition to make the wager evener. When wagering on the money line, the underdog will have a greater return on the money that is bet.
  16. Guest

    What is a favorite?

    A favorite is a team or competitor that oddsmakers expect to win, and it is often displayed with a minus sign in front of the odds. This is the team or competitor that is favored over the opposition, hence being called a favorite. When betting a point spread, the favorite will often be laying or giving points to the opposition to make the wager evener. When wagering on the money line, the favorite will have a lesser return on the money that is bet.
  17. Sports betting can be a very fun and profitable activity, either giving you an extra sweat on the games you’re watching or padding your bankroll. It can also be intimidating, especially for beginners. Casinos can have a lot of bright lights and moving parts. Fast talkers throw around words and phrases you’ve never heard before. Sportsbooks display a myriad of numbers with plus and minus signs galore that can confuse the heck out of people. This all comes with betting real money. You know you want in, but you’re a little timid for what this world brings. That’s why SharpSide is here to help get you started with our Beginner’s Guide to Sports Betting. Below are a few of the often-asked questions from beginners, plus you’ll find a few links for further reading to keep you headed in the right direction. Once you’re done arming yourself with a bit of knowledge, go ahead and download the free-to-use SharpSide app. It’s the perfect tool for your to try our sports betting without having to put any actual money on the line. Available now for iOS and Android, the SharpSide app allows you to make free picks for a wide variety of sports and bets, track results, compete on leaderboards, and win great prizes.
  18. In the 1942 film Casablanca, Rick's Café Américain has a trick roulette wheel. Rick (played by Humphrey Bogart) uncharacteristically takes pity on a young Bulgarian refugee couple. The husband has lost most of his money at roulette, trying to win enough to bribe police Captain Renault. Rick suggests the man bet on 22. After the number comes up, Rick tells him to let it all ride. He does, and wins again. Rick tells him to cash in his winnings and never come back. In season 5, episode 25 of American sitcom I Love Lucy, Lucy Goes to Monte Carlo, Lucy finds a chip on the floor of the casino and tries to return it by placing it on the roulette table. The number she places it on hits. She tries to explain to the dealer that she did not want to place the bet, but he does not understand and thinks she wants to let it ride. She continues to win while trying to return the money. She finally gives up and collects her winnings and hides it from Ricky in the Mertz's hotel room. When Ricky finds the money, he thinks that Fred has been embezzling it from Ricky's concert earnings. In the 17 February 1965 episode of the classic series, Danger Man, The Ubiquitous Mr. Lovegrove, John Drake (Patrick McGoohan) is injured in a car accident, and hallucinates he's involved with the nefarious manager of a London casino. By placing bets on a roulette wheel - at a predetermined time - with a croupier in on the scheme - money is transferred with information without any outside bettors being aware. In the 22 October 1966 episode ("Odds on Evil") of the Mission: Impossible series, the IMF team uses a wearable computer (à la Thorpe and Shannon, above) to predict the outcome of each spin of the roulette wheel at a fictional casino in a European principality. The $200,000 they win at roulette provides the stake they need to challenge the prince to a high-stakes game of Banco, in which they take the Prince for the money he was planning to use to buy arms in order to go to war against a neighbor. In the 1971 Western comedy Support Your Local Gunfighter, James Garner's character has a gambling addiction—he cannot stop betting everything he has on a single roulette spin. He loses several times, but finally wins at the very end. Near the beginning of the 1973 film The Sting, Johnny Hooker (Robert Redford) takes his share of the money conned from a numbers runner and loses nearly all of it on a single bet against a rigged roulette wheel. In the third part of the 1998 film Run, Lola, Run, Lola (Franka Potente) uses all her money to buy a 100-mark chip. (She is actually just short of 100 marks, but gains the sympathy of a casino employee who gives her the chip for what money she has.) She bets her single chip on 20 and wins. She lets her winnings ride on 20 and wins again, making her total winnings 129,600 marks (29,600 more than her smuggler boyfriend owed his boss, Ronnie). The odds of two consecutive wins on a European roulette wheel are exactly 1368-to-1 against. On season 1 of ITV1's Red or Black?, a player can win £1,000,000 by guessing either red or black on the roulette wheel. In the 2010 Disney Pixar film Toy Story 3, a scene featured a See 'n Say being used as a roulette wheel for gambling. In the 2011 film Fast Five, Don Omar and Tego Calderón play roulette and each bet their millions on red or black. The ball lands on green. In the 2012 film Madagascar 3: Europe's Most Wanted, the Penguins let their money ride/bet all of their money on a roulette wheel, selecting black and winning back twice as much. In the 2015 Tamil film Vai Raja Vai directed by Aishwarya R. Dhanush, Gautham Karthik is being coerced to use his special power - 'premonition' - to beat the roulette table. He walks away winning against the casino by predicting the outcome in the roulette table
  19. Guest

    Real-life roulette exploits

    In the summer of 1891 at the Monte Carlo casino, a part-time swindler and petty crook from London named Charles Wells broke the bank at each table he played over a period of several days. Breaking the bank meant he won all the available money in the table bank that day, and a black cloth would be placed over the table until the bank was replenished. In the 1960s and early 1970s, Richard Jarecki won about $1.2 million at dozens of European casinos. He claimed that he was using a mathematical system designed on a powerful computer. In reality, he simply observed more than 10,000 spins of each roulette wheel to determine flaws in the wheels. Eventually the casinos realized that flaws in the wheels could be exploited, and replaced older wheels. The manufacture of roulette wheels has improved over time. In 2004, Ashley Revell of London sold all of his possessions, clothing included, and placed his entire net worth of US$135,300 on red at the Plaza Hotel in Las Vegas. The ball landed on "Red 7" and Revell walked away with $270,600
  20. Specific betting systems The numerous even-money bets in roulette have inspired many players over the years to attempt to beat the game by using one or more variations of a martingale betting strategy, wherein the gambler doubles the bet after every loss, so that the first win would recover all previous losses, plus win a profit equal to the original bet. The problem with this strategy is that, remembering that past results do not affect the future, it is possible for the player to lose so many times in a row, that the player, doubling and redoubling his bets, either runs out of money or hits the table limit. A large financial loss is certain in the long term if the player continued to employ this strategy. Another strategy is the Fibonacci system, where bets are calculated according to the Fibonacci sequence. Regardless of the specific progression, no such strategy can statistically overcome the casino's advantage, since the expected value of each allowed bet is negative. Labouchère system The Labouchère System is a progression betting strategy like the martingale but does not require the gambler to risk his stake as quickly with dramatic double-ups. The Labouchere System involves using a series of numbers in a line to determine the bet amount, following a win or a loss. Typically, the player adds the numbers at the front and end of the line to determine the size of the next bet. When he wins, he crosses out numbers and continues working on the smaller line. If he loses, then he adds his previous bet to the end of the line and continues to work on the longer line. This is a much more flexible progression betting system and there is much room for the player to design his initial line to his own playing preference. This system is one that is designed so that when the player has won over a third of his bets (less than the expected 18/38), he will win. Whereas the martingale will cause ruin in the event of a long sequence of successive losses, the Labouchère system will cause bet size to grow quickly even where a losing sequence is broken by wins. This occurs because as the player loses, the average bet size in the line increases. As with all other betting systems, the average value of this system is negative. D'Alembert system The system, also called montant et demontant (from French, meaning upwards and downwards), is often called a pyramid system. It is based on a mathematical equilibrium theory devised by a French mathematician of the same name. Like the martingale, this system is mainly applied to the even-money outside bets, and is favored by players who want to keep the amount of their bets and losses to a minimum. The betting progression is very simple: After each loss, you add one unit to the next bet, and after each win, one unit is deducted from the next bet. Starting with an initial bet of, say, 1 unit, a loss would raise the next bet to 2 units. If this is followed by a win, the next bet would be 1 units. This betting system relies on the gambler's fallacy—that the player is more likely to lose following a win, and more likely to win following a loss. Other systems There are numerous other betting systems that rely on this fallacy, or that attempt to follow 'streaks' (looking for patterns in randomness), varying bet size accordingly. Many betting systems are sold online and purport to enable the player to 'beat' the odds. One such system was advertised by Jason Gillon of Rotherham, UK, who claimed you could 'earn £200 daily' by following his betting system, described as a 'loophole'. As the system was advertised in the UK press, it was subject to Advertising Standards Authority regulation, and following a complaint, it was ruled by the ASA that Mr. Gillon had failed to support his claims you could earn £200 daily, and that he had failed to show that there was any loophole.
  21. Prediction methods Whereas betting systems are essentially an attempt to beat the fact that a geometric series with initial value of 0.95 (American roulette) or 0.97 (European roulette) will inevitably over time tend to zero, engineers instead attempt to overcome the house edge through predicting the mechanical performance of the wheel, most notably by Joseph Jagger at Monte Carlo in 1873. These schemes work by determining that the ball is more likely to fall at certain numbers. If effective, they raise the return of the game above 100%, defeating the betting system problem. Edward O. Thorp (the developer of card counting and an early hedge-fund pioneer) and Claude Shannon (a mathematician and electronic engineer best known for his contributions to information theory) built the first wearable computer to predict the landing of the ball in 1961. This system worked by timing the ball and wheel, and using the information obtained to calculate the most likely octant where the ball would fall. Ironically, this technique works best with an unbiased wheel though it could still be countered quite easily by simply closing the table for betting before beginning the spin. In 1982, several casinos in Britain began to lose large sums of money at their roulette tables to teams of gamblers from the USA. Upon investigation by the police, it was discovered they were using a legal system of biased wheel-section betting. As a result of this, the British roulette wheel manufacturer John Huxley manufactured a roulette wheel to counteract the problem. The new wheel, designed by George Melas, was called "low profile" because the pockets had been drastically reduced in depth, and various other design modifications caused the ball to descend in a gradual approach to the pocket area. In 1986, when a professional gambling team headed by Billy Walters won $3.8 million using the system on an old wheel at the Golden Nugget in Atlantic City, every casino in the world took notice, and within one year had switched to the new low-profile wheel. Thomas Bass, in his book The Eudaemonic Pie (1985) (published as The Newtonian Casino in Britain), has claimed to be able to predict wheel performance in real time. The book describes the exploits of a group of University of California Santa Cruz students, who called themselves the Eudaemons, who in the late 1970s used computers in their shoes to win at roulette. This is an updated and improved version of Edward O. Thorp's approach, where Newtonian Laws of Motion are applied to track the roulette ball's deceleration; hence the British title. In the early 1990s, Gonzalo Garcia-Pelayo believed that casino roulette wheels were not perfectly random, and that by recording the results and analysing them with a computer, he could gain an edge on the house by predicting that certain numbers were more likely to occur next than the 1-in-36 odds offered by the house suggested. This he did at the Casino de Madrid in Madrid, Spain, winning 600,000 euros in a single day, and one million euros in total. Legal action against him by the casino was unsuccessful, it being ruled that the casino should fix its wheel. To defend against exploits like these, many casinos use tracking software, use wheels with new designs, rotate wheel heads, and randomly rotate pocket rings. At the Ritz London casino in March 2004, two Serbs and a Hungarian used a laser scanner hidden inside a mobile phone linked to a computer to predict the sector of the wheel where the ball was most likely to drop. They netted £1.3m in two nights. They were arrested and kept on police bail for nine months, but eventually released and allowed to keep their winnings as they had not interfered with the casino equipment.
  22. Over the years, many people have tried to beat the casino, and turn roulette—a game designed to turn a profit for the house—into one on which the player expects to win. Most of the time this comes down to the use of betting systems, strategies which say that the house edge can be beaten by simply employing a special pattern of bets, often relying on the "Gambler's fallacy", the idea that past results are any guide to the future (for example, if a roulette wheel has come up 10 times in a row on red, that red on the next spin is any more or less likely than if the last spin was black). All betting systems that rely on patterns, when employed on casino edge games will result, on average, in the player losing money. In practice, players employing betting systems may win, and may indeed win very large sums of money, but the losses (which, depending on the design of the betting system, may occur quite rarely) will outweigh the wins. Certain systems, such as the Martingale, are extremely risky, because the worst-case scenario (which is mathematically certain to happen, at some point) may see the player chasing losses with ever-bigger bets until he runs out of money. The American mathematician Patrick Billingsley said that no betting system can convert a subfair game into a profitable enterprise. At least in the 1930s, some professional gamblers were able to consistently gain an edge in roulette by seeking out rigged wheels (not difficult to find at that time) and betting opposite the largest bets.
  23. Guest

    Mathematical model

    Simplified mathematical model For a roulette wheel with green numbers and 36 other unique numbers the chance of the ball landing on a given number is . For a betting option with numbers that define a win, the chance of winning a bet is For example, betting on "red", there are 18 red numbers, , the chance of winning is . The payout given by the casino for a win is based on the roulette wheel having 36 outcomes and the payout for a bet is given by . For example, betting on 1-12 there are 12 numbers that define a win, , the payout is , so the better wins 3 times their bet. The average return on a player's bet is given by For the average return is always lower than 1 so on average a player will lose money. With 1 green number the average return is , that is, after a bet the player will on average have of their original bet returned to them. With 2 green numbers the average return is . This shows that the expected return is independent of the choice of bet.
  24. Guest

    Types of bets

    Types of bets In roulette, bets can either be inside or outside bets. Inside bets Name Description Chip placement Straight/Single Bet on a single number Entirely within the square for the chosen number Split Bet on two vertically/horizontally adjacent numbers (e.g. 14-17 or 8-9) On the edge shared by the numbers Street Bet on three consecutive numbers in a horizontal line (e.g. 7-8-9) On the outer edge of the number at either end of the line Corner/Square Bet on four numbers that meet at one corner (e.g. 10-11-13-14) On the common corner Six Line/Double Street Bet on six consecutive numbers that form two horizontal lines (e.g. 31-32-33-34-35-36) On the outer corner shared by the two leftmost or the two rightmost numbers Trio A three-number bet that involves at least one zero: 0-1-2 (either layout); 0-2-3 (single-zero only); 00-2-3 (double-zero only) On the corner shared by the three chosen numbers First Four Bet on 0-1-2-3 (Single-zero layout only) On the outer corner shared by 0-1 or 0-3 Basket Bet on 0-00-1-2-3 (Double-zero layout only) On the outer corner shared by 0-1 or 00-3 Outside bets Outside bets typically have smaller payouts with better odds at winning. Except as noted, all of these bets lose if a zero comes up. 1 to 18 (Low or Manque), or 19 to 36 (High or Passe) A bet that the number will be in the chosen range. Red or black (Rouge ou Noir) A bet that the number will be the chosen color. Even or odd (Pair ou Impair) A bet that the number will be of the chosen type. Dozen bet A bet that the number will be in the chosen dozen: first (1-12, Première douzaine or P12), second (13-24, Moyenne douzaine or M12), or third (25-36, Dernière douzaine or D12). Column bet A bet that the number will be in the chosen vertical column of 12 numbers, such as 1-4-7-10 on down to 34. The chip is placed on the space below the final number in this sequence. Snake Bet A special bet that covers the numbers 1, 5, 9, 12, 14, 16, 19, 23, 27, 30, 32, and 34. It has the same payout as the dozen bet and takes its name from the zigzagging, snakelike pattern traced out by these numbers. The snake bet is not available in all casinos; when it is allowed, the chip is placed on the lower corner of the 34 square that borders the 19-36 betting box. Some layouts mark the bet with a two-headed snake that winds from 1 to 34, and the bet can be placed on the head at either end of the body. In the United Kingdom, the farthest outside bets (low/high, red/black, even/odd) result in the player losing only half of his/her bet if a zero comes up
  25. The pockets of the roulette wheel are numbered from 0 to 36. In number ranges from 1 to 10 and 19 to 28, odd numbers are red and even are black. In ranges from 11 to 18 and 29 to 36, odd numbers are black and even are red. There is a green pocket numbered 0 (zero). In American roulette, there is a second green pocket marked 00. Pocket number order on the roulette wheel adheres to the following clockwise sequence in most casinos: Single-zero wheel 0-32-15-19-4-21-2-25-17-34-6-27-13-36-11-30-8-23-10-5-24-16-33-1-20-14-31-9-22-18-29-7-28-12-35-3-26 Double-zero wheel 0-28-9-26-30-11-7-20-32-17-5-22-34-15-3-24-36-13-1-00-27-10-25-29-12-8-19-31-18-6-21-33-16-4-23-35-14-2 Triple-zero wheel 0-000-00-32-15-19-4-21-2-25-17-34-6-27-13-36-11-30-8-23-10-5-24-16-33-1-20-14-31-9-22-18-29-7-28-12-35-3-26
  26. Roulette players have a variety of betting options. Placing inside bets is either selecting the exact number of the pocket the ball will land in, or a small range of pockets based on their proximity on the layout. Players wishing to bet on the 'outside' will select bets on larger positional groupings of pockets, the pocket color, or whether the winning number is odd or even. The payout odds for each type of bet are based on its probability. The roulette table usually imposes minimum and maximum bets, and these rules usually apply separately for all of a player's inside and outside bets for each spin. For inside bets at roulette tables, some casinos may use separate roulette table chips of various colors to distinguish players at the table. Players can continue to place bets as the ball spins around the wheel until the dealer announces no more bets or rien ne va plus. When a winning number and color is determined by the roulette wheel, the dealer will place a marker, also known as a dolly, on that winning number on the roulette table layout. When the dolly is on the table, no players may place bets, collect bets, or remove any bets from the table. The dealer will then sweep away all other losing bets either by hand or rake, and determine all of the payouts to the remaining inside and outside winning bets. When the dealer is finished making payouts, the marker is removed from the board where players collect their winnings and make new bets. The winning chips remain on the board.
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