Quote
Originally posted by: jm002546
The bet is for either of the 0's, so 2/36 X 2/36 is 1/324. That's the return if you bet it again, having won the first bet. So, a complete ripoff, as expected. They are glad to short you for the convenience of just placing 1 bet.
Originally posted by: jm002546
Quote
Originally posted by: dfwgambler
Your chances of hitting a 0 are 1 in 37 and the chance of it hitting twice in a row are 1 in 1369. So the house paying 300 to 1 is easy money for the house.
The bet is for either of the 0's, so 2/36 X 2/36 is 1/324. That's the return if you bet it again, having won the first bet. So, a complete ripoff, as expected. They are glad to short you for the convenience of just placing 1 bet.
Actually it would be 2/38 x 2/38 = 1/361. There are 36 numbers and the 0 and 00 on the wheel.