So I’m a total newbie to any sorts of roulettes.
I have recently started playing this very specific online roulette.
Its game related. You deposit your items from that game in exchange for points. You bet with the points. If you accumulate enough points you can get more items. Nice, simple and fun, yet real money is involved as you have to buy the items for the game in the first place.
Anyway, There are only 15 numbers 0-14.
With 0 obviously being Green
Red: 1-7
Black: 8-14
You can only place bets on the colours. I don’t have a clue what the payouts are for a typical roulette, but for this one its x2 if its red/black and x14 if it’s green.
Now the % chances for each colour rolling are 46.5/7/46.5, right? If the numbers are generated randomly?
The site lets me bet on any colour I want. I can bet on 1 or all 3 of them.
Now this is where I get confused. Let’s say I bet on both BLACK and GREEN. Are my chances of winning 53% ?
Let me show you a screen…
In this case I put a bet of $2 on green and $14 on Black.
Regardless if the site rolls black or green I will be in profit.
If it’s green I would get 14*$2 = $28 - $14 = $14 profit.
If it’s black I would get 2*$14 = $28 - $2 = $26 profit.
The chances of green or black rolling are 8/15, so my question is, if I bet on both colours, am I more likely to win?
Now my brain tells me having better odds than the “house” is not possible, hence they opened that betting website in the first place. Yet I can’t find the flaw in my reasoning, and was wondering if it’s my fault or if there really isn’t any.
Thanks in advance