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The optimal (Kelly) strategy for Roulette is not to play. It even says so on that wiki page.
by zb 16y ago
The optimal (Kelly) strategy for Roulette is not to play. It even says so on that wiki page.
- rollthedice 16y agoOne of the nearby casinos offers me $100 match play fairly often, which is a little certificate that I put $100 of my own money on top of. Let's say I bet black, if it lands red, I lose $100, if it lands black, I win $200, if it lands on zero, I lose $50, and have the opportunity to try again. 18/38 times I lose $100. 18/38 times I win $200. 2/38 times I lose $50, and get to try again. Without doing the math, I believe that puts the value of the cert around $47.