What you're describing here doesn't seem quite right. When you get a $5
free play chip and play it on red/black in roulette, they take the chip if
you lose and if you win your $5 chip is exchanged for a normal $5 chip and
you get the additional $5 chip for winning. Either way you could think of
the $5 chip being exchanged for a real $5 chip before either being lost or
doubled. When I visited Vegas and went couponing I'd hit craps and roulette
in this manner for variety when the blackjack table was full at a
particular location (and for a $5 or $10 match play on an infrequent trip
to Vegas, I wasn't really considering EV so much as entertainment).
Roulette is certainly a terrible game to burn through a *lot* of free play
on, but the EV of betting red every time through $300 is still $284.22.
Regards,
Brian
On Mon, Jul 23, 2012 at 11:49 AM, Bob Dancer <bobdancervp@hotmail.com>wrote:
> **
>
>
>
> James wrote: What about betting the minimun on red in roulette? You'd
> seriously consider playing a game with a 5.26% edge? That rather dwarfs the
> suggestions of other people who were considering a 2% disadvantage game for
> quarters versus a 0.5% disadvantage game for $5 It can actually be a lot
> worse at roulette. Sometimes when you use free play for table games they
> give you one-time-use chips. That is, win or lose, you retire the chips. So
> for a $5 bet, you have a 18/38 chance of BREAKING EVEN (i.e. receive a real
> $5 chip) and a 20/38 chance of losing your funny money chip. Round numbers
> you're playing with a 52+% disadvantage. Your average result for running
> $300 through such a system is about $145. Bob
>
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>
>
>
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