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The Labouchère System is meant to be applied to even money Roulette propositions such as Even/Odd, Red/Black or 1–18/19–36. When any of these bets are made in the game of Roulette, a spin resulting in a "0" or "00" results in a loss, so even though the payout is even money, the odds are clearly not 50/50.
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A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine. [ 1 ]
In most casino games, the expected value of any individual bet is negative, so the sum of many negative numbers will also always be negative. The martingale strategy fails even with unbounded stopping time, as long as there is a limit on earnings or on the bets (which is also true in practice). [4]
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Roulette (named after the French word meaning "little wheel") is a casino game which was likely developed from the Italian game Biribi. In the game, a player may choose to place a bet on a single number, various groupings of numbers, the color red or black, whether the number is odd or even, or if the number is high or low.
In roulette, the en prison rule is an opportunity to recover one's stakes after a spin of zero, provided one's bet was even-odds (i.e. high–low, even–odd, red–black). [1] It is a variant of the la partage rule , in which a player loses only half their even-odds stake if the original spin is a zero, recouping the other half [ 1 ] ( partage ...
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