How Long until Edge is considered real?
Posted: Tue Jan 14, 2020 10:49 pm
I know most people on this forum are focused on trying to gain an edge at Craps, but my question is for roulette and maybe the same answer applies to any gambling activity. I've been testing my own variation of Heavy's Xploitation Roulette for the past couple of days on live dealer roulette games. I have played a total of 10.5 hours with placing 116 bets, betting 5 numbers at a time and winning 25 times and losing 91. The total profit is 320 units and I'm running at a %55.17 edge. Now I know this is a very small sample size, but I don't know how many bets until I can feel confident this is legit or just good variance. I will post the stats below and thanks for any replies.
Profit/Loss
Unit Value: 1
Total Bets: 116
Wins: 25
Numbers covered: 5
Losses: 91
$ per win: 31
$ per loss: 5
Winnings: 775
Losings: 455
Total Bets:116
Results:
Profit (units): 320
Profit (dollars): $320.00
Edge (%) 55.17%
The stats above are from an edge calculator that I have in exel that was set up for roulette.
Profit/Loss
Unit Value: 1
Total Bets: 116
Wins: 25
Numbers covered: 5
Losses: 91
$ per win: 31
$ per loss: 5
Winnings: 775
Losings: 455
Total Bets:116
Results:
Profit (units): 320
Profit (dollars): $320.00
Edge (%) 55.17%
The stats above are from an edge calculator that I have in exel that was set up for roulette.