Albert Einstein very rightly stated, “You cannot beat a roulette table unless you steal money from it.” The statement still holds true today. Blaise Pascal, a French scientist, made the first roulette wheel in 1655. It is believed he simply invented it because of his love and for perpetual-motion devices. The term roulette means “”small wheel” in French.
Roulette is a casino chance game. It is a fairly simple game and almost always gathers a large crowd around the table depending upon the stake. A few years ago, Ashley Revell sold all his possessions to get $245,300. He bet all of his money on a spin and returned home with twice the amount he had risked. However, in many cases these chances are not always profitable.
Many studies have been carried out to establish a winning formula for the game. The Martingale betting strategy involves doubling a bet with every loss. This is done in order to recover the entire amount on any subsequent win. The Fibonacci sequence has also been used to find success in the game. The famous “dopey experiment” requires a player to divide the entire stake into 35 units and play for a longer period of time.
The two types of roulette, which are used, are the American roulette and European roulette. The major distinction between the two roulette types is the admission of the number of 0’s on the wheel. American roulette wheels have two “0’s” on its wheel. American roulette uses “non-value” chips, meaning all chips belonging to one player are of the same value. The price is decided upon at the time of the purchase. The chips are cashed at the roulette table.
European roulette uses casino chips of varying values per bet. This is also known to be more confusing for the players and the croupier. A European roulette table is usually larger than an American roulette table. In 1891, Fred Gilbert wrote a song called “The Man Who Broke the Bank at Monte Carlo” about Joseph Jaggers. He is known to have studied the roulette tables at the Beaux-Arts Casino in Monte Carlo. Subsequently, he amassed large sums of money as a result of a continuous winning streak.
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