A bet on “black” in Roulette has a probability of 18/38 of winning. If you win,

Question

A bet on “black” in Roulette has a probability of 18/38 of winning. If you win, you double your money. You can bet anywhere from $1 to $100 on each spin. a. Suppose you have $10, and are going to play until you go broke or have $20. What is your best strategy for playing? Explain using information you learned in this module's material. b. Suppose you have $10, and are going to play until you go broke or have $30. What is your best strategy for playing? Explain using information you learned in this module's material.

He doesn't want an option he wants it to be proven with a formula as to how much i should bet and why

Explanation / Answer

answer

No. Find a single zero 'European' numbered wheel. And evens bets on the outsides only lose half the stake if a zero comes in. Your best strategy would be to place the whole lot in one bet, if you were to follow mathematical logic, but in fact most players choose to adopt some form of 'money management', allowing them to increase their stakes when playing with the house's money.

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