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## Advantage Gambling 101: **Expected Value** Theory

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### probability - Expected value for a roulette wheel problem

Advantage Gambling 101: **Expected Value** Theory In this post I outline expected value theory and why you shouldn't ignore it! ... The expected value of a bet on red or black on a European Roulette wheel is -2.7% ... Does the Martingale system "work" if you are infinitely wealthy **...** 9 Dec 2007 ... Your expected value is negative no matter how much money you have or ... of the American and European Roulette tables) without a table limit, ...

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