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Did you know that ...
... Blaise Pascal introduced a primitive form of roulette in the 17th century in his search for a perpetual motion machine?

The game has been played in its present form since as early as 1796 in Paris. An early description of the roulette game in its current form is found in a French novel La Roulette, ou le Jour by Jaques Lablee, which describes a roulette wheel in the Palais Royal in Paris in 1796.
Tips & Resources
One thing to keep in mind playing roulette is that every roulette spin is an unpredictable, independent, random event. So there is no system with which you can legally make money playing the roulette over the long run.

Statistically the fact that eight blacks just came up does not mean that red is now much more likely. Black is just as likely as it ever was.

Some methods may work on the short term and it may be funny to try some of them. By the way our advice is: do not trust people promising money using any specific system.
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Posts Tagged ‘Kelly Criterion’

Kelly Criterion, Bet Sizing, and Roulette

Author: andy

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The Kelly Criterion is one of the most important aspects of gambling from roulette to sports betting to stock market investing. Once you understand the rules of roulette and know everything you need to know about the basics, then it’s time to explore some other aspects of roulette, particularly bet sizing and the Kelly Criterion.

Over the long run, the house that offers an American Wheel (with a double zero) versus the European or French wheel (that only has a single zero) has a better edge over you. If you are going to play roulette, then you need to make wagers with the best value and edge possible, while trying to maximize your profit and minimize any losses. A formula like the Kelly Criterion will help you maximize profits by wagering the optimal amount every time.
 
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