From: Jim McCoy <mccoy@ccwf.cc.utexas.edu>
Date: Tue, 19 Apr 94 13:33:55 PDT
To: ebrandt@jarthur.cs.hmc.edu (Eli Brandt)
Subject: Re: Money Laundering thru Roulette
In-Reply-To: <9404191945.AA14376@toad.com>
Message-ID: <199404192033.PAA26146@tramp.cc.utexas.edu>
MIME-Version: 1.0
Content-Type: text/plain


Eli writes:
[the betting thread goes on and on and on... :)]
>
> >    Of course, as several people pointed out, there are a large number
> > of ways to break even in roulette.  So if you have bad money that
> > needs laundered, why not bet evenly on red and black each time.
> 
> I'm afraid roulette's not a fair game.  When it comes up neither red
> nor black, you're out both bets... casinos gotta live too.

It gets even trickier.  Roulette in the U.S. has even worse odds than in
Europe because of addition of 00 (another number that causes all the
even/odd, red/black, etc bets to lose)  The closest one comes to an even
money bet in a casino is betting "No Pass" in craps, and constantly betting
No Pass will make you somewhat unpopular at the table...

jim