Odds and Probability
House edge as a long-run price, not a forecast
House edge is the long-run loss as a share of money wagered. A checked roulette example shows the price, not a forecast.
Tag
roulette
4 posts tagged "roulette".
Game Rules
Roulette inside bets and outside bets
Inside bets target few numbers. Outside bets target larger groups. A neutral guide to the layout, not a system.
Game Rules
American vs. European roulette: what the extra zero changes
Compare the 37-pocket European wheel with the 38-pocket American one, including payouts, win chances and the house edge on common bets.
Odds and Probability
The gambler's fallacy explained
Why a long run of one outcome does not make the opposite 'due', with coin and roulette examples that show how independent events really work.