WOLFRAM|DEMONSTRATIONS PROJECT

Betting Strategies: Should I Play or Run Away?

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number of games
100
original money amount
1000
betting limit
maximum bet
1000
can go into debt
plot type
one strategy
strategy vs. strategy
games
none or weighted coin
payout odds
2
constant bet
100
fraction
0.3
chance of winning
0.7
new set of games
25 trials
constant bet
Kelly criterion
constant fraction
martingale
anti-martingale
This Demonstration shows the effectiveness of common betting strategies against different winning probabilities, with presets for roulette supplied.