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FWIW, I'd seen someone playing this "double down" method on Roulette, and thought I'd give it a go. First time, starting with $20, I made $202 (the rounding is due to putting money on a number rather than a color, and it came through!!) Beginner's luck - I have definitely given back more...

Yeah, I was waiting for something like that! :o

Which is why I get annoyed when 'uneducated' people liken long-term investing in the share market to a casino! A casino wants to take your money and keep it; businesses on the share market want to take your money, make it into more money and give it back to you with 'interest'. The best...

That's the house "edge". You have a 1/37 chance of green, 18/37 of red and 18/37 black. %ages are 2.7% green, 48.6% red/black. And if you have 2 greens (0, 00) then obviously that swings just that little further into the house odds (roughly 5%, 47.5%/47.5%.) Heard a story from a croupier...