Chuck. I can understand why you are intrieged by beating the casino (in a way that is legal). I was that too a couple of years ago. But most of theese "theories" are actually made up by the casino, in order to make people play. It would be nice though if one could make money this easy.
Originally Posted by ChuckTs
but if i were to have a bankroll that was big enough that it would be statistically really improbable that you would ever run up to that much in one round, wouldn't I come out with a profit?
No, think of it as a reversed lottery. You will make a profit most of the time but when you finally loose, you will loose big. The fact that you're winning most of the time makes it look like you're making an +ev play, but you're not! I know it is unlikely to hit that long loosing streak, but at some point it will happen. But also think about how long time it would take to make $1000 dollars with initial bets of 10c. The fact is, that in average you will loose the the one huge bet before you'll make the profit to cover the loss of the huge bet. So the size of your bankroll does not matter, because even though it will take a longer time to hit the loosing streak with a bigger bankroll, it will also take a longer time to make the profit to cover the loosing streak.
Another problem with this "theory" is if your initial bet is 10c, your average bet will be much higher. So you will loose your bankroll MUCH faster than if you stuck to the 10c. So to people who want to have fun playing roulette, I suggest sticking to a certain limit, or you will find yourself gambling with more money than you actually thought you were.
Think of the whole issue this way. Even though you lost 10 times in a row, your odds of winning the next time DOES NOT CHANGE. It's still just below 50%. Remember that when you're putting in that bet of $1000.