Let's talk about the zero.

[David1977]

Hello

There are two schools of thought as I understand them. One is that if you play ten spins a day for a thousand days, your ten thousand spins will show the exact--or nearly--amount of zeros as if you had played a single session of a thousand spins.

The second school of thought is that you are "dodging" the zero since you are only there for ten measly spins. You are playing "Hit and Run", as they call it.

So here's the thought behind the questions: Is there any value to placing a hedge bet on the zero? People say they only bet once in fifty to 100 spins, so it makes sense to cover the zero. (If they are betting a dozen, how do they "cover" the other twenty-four numbers??)

I have never believed in hedge bets. If they worked, why not just bet the zero every hundred spins or so and pretend you had another bet down? According to this logic, you would always win.

 

[snoopyDog]

Yes, I think there is value in hedging bets by betting on Zero.

Keep in mind, that the systems I design and code are for "bots", and as such, betting on zero can be extremely helpful.

In testing a system for the bot, my first priority is to get into profit as soon as possible. The theory being that once in profit, the bot won't allow you to lose all of it.

Therefore, I analyze all the losing sessions, ie, the ones with the RFH (Run From Hell) aka extreme variance, and determine why the session loss. If I can reduce the number of loss session I will be in profit sooner.

To give you an example, I was recently testing a Streets system (that did not bet on Zero) and the bot loss 3 sessions. I checked the numbers that gave the loss and saw that 2 out of the 3 sessions had multiple Zero's spun. So I changed the system to include betting on Zero thus I eliminated future losing session which by definition increased my getting into profit sooner.

So betting on Zero is important for "bots." Now, mind you I don't always bet Zero with every bet, I may bet on the Zero only when the losses exceed 35 units or some other benchmark.