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Roulette A little math help

Discussion in 'Roulette Forum' started by mr j, Oct 28, 2018.

  1. mr j

    mr j Well-Known Member

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    Lets say there are odds of an event happening at 1:8,239
    70,000 people played. Estimate, how many winners should there be?

    Ken
     
  2. BETJACK

    BETJACK Member

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    5770 people winners
     
  3. mr j

    mr j Well-Known Member

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    What?? No way, too high. I'm GUESSING around 13?
     
  4. Nathan Detroit

    Nathan Detroit Active Member Founding Member

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    4 ,200 people are net winners . ( generally applied estimate )
     
  5. John Blerg

    John Blerg Active Member

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    Math applies to school room not casino!!!!!!lol!!!!!!!
     
  6. Sharptracker

    Sharptracker Active Member

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    An average of 8 or 9 players
     
    Last edited: Oct 29, 2018
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  7. Nathan Detroit

    Nathan Detroit Active Member Founding Member

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    Sharp tracker ,


    6 % of the people present being winners is a reasonable estimate .
     
  8. Sharptracker

    Sharptracker Active Member

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    i can be wrong on this one but i just checked on our lotery websites... For an event of this kinf there should be 0.012% of winners (average)... Where did you get your 6%?
     
  9. mr j

    mr j Well-Known Member

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    This is what I was told at another board >>
    Divide 70,000 by 8,239.....8.5 winners (est)

    Ken
     
  10. Sharptracker

    Sharptracker Active Member

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    Yes but there can be a big derivation at this stage, there could be easily 20 winners. Less probable the event is less derivation will be.
     
  11. Nathan Detroit

    Nathan Detroit Active Member Founding Member

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    Sharptracker ,


    Based on information among US gambling gurus and their side kicks like Casino junket operators the consensus is that
    60 % of the players are ahead at one time or another and 90% give it all back .Hence the net 6 % .
     
  12. mr j

    mr j Well-Known Member

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    The 70,000 is tickets (chances) sold. If it were 45,000 tickets sold instead, we would get a different number.
     
  13. Sharptracker

    Sharptracker Active Member

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    Yes of course but what i meant is if you repeat the game there won't always be 8/9 winners, it could be 20 winners or 5 winners (what i called derivation). Now if you chose an event of 1:5millions there will be quasi no derivation, always 0 1 or 2.

    It says it starts to stick to the theoric number of winners when the odd reachs 1:600K (no more derivation)
     
    Last edited: Oct 29, 2018
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  14. mr j

    mr j Well-Known Member

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    Agreed. Just lookin for an average, thats all.
     
  15. John Blerg

    John Blerg Active Member

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    Average, sure!!!!!!!sure thing amig!!!!!!
     
  16. mr j

    mr j Well-Known Member

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    Thanks Sharp & Nate.
     
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