One of the most recognisable pieces of entertainment on Earth is the roulette wheel. You've seen it in movies, TV shows, casinos, video games and so on. Roulette is for casinos just like sodas are for vending machines. It is impossible to imagine the gambling world without the roulette making its appearance when it did. Roulette has been around for hundreds of years and has a rich history so, for the sake of your sanity, we'll just focus on the basics in this short history lesson and then move on.
Now, of course, there are many histories about the roulette, but the most popular version is the one that states the game was invented in France somewhere in the 1600s. Blaise Pascal might not be extremely famous for inventing games, yet through his inventions of perpetual motion machines and whatnot, he just happened to invent the roulette. The English people say a guy named Roly Poly (fun name, nothing to say there!) invented it. The truth is, every single version has some contributing factors to the modern roulette game.
Fair games are games where both (all) players have exactly the same chance of winning (outcome of the game is not affected by the order of players taking turns). I'd say, if there is pure luck involved - it's most likely to be a fair game. Good examples could be backgammon and russian roulette. Take your pick between established brands or explore an new casino for a fresh approach. All of the roulette casinos listed here hold valid gambling licences from the Gambling Commission, among other official state regulators.This is the only way to ensure that you are playing at a safe casino, with fair games where your protection is guaranteed. As online casino games go, free roulette is one of the easiest to learn, and amongst the most fun for both new and experienced players to play. So it's a great game to sink your teeth into if. Fair games are games where both (all) players have exactly the same chance of winning (outcome of the game is not affected by the order of players taking turns). I'd say, if there is pure luck involved - it's most likely to be a fair game. Good examples could be backgammon and russian roulette.
Nowadays, roulette is still one of the most popular games in the casinos, both offline and online. You'll find traditional, American, French, English, and a ton more versions. You'll find both brick-and-mortar, electronic, slots-type and fully digital roulette games that are all working by the same rules, with minor differences. On the web, there are normal and then there are blockchain-based roulette games. Lately, gamers have started looking into these versions of the famous game and, for the most part, they get hooked on the spot. For all the good reasons.
The Bitcoin.com platform
Bitcoin is the most famous cryptocurrency on Earth. It is the most valuable, the most sought after and the most important. The people who've made and keep Bitcoin alive have done a great job in creating a platform, Bitcoin.com, that holds the most trustworthy source of information about the global crypto coin. Not only that but they've even put up some games that are based on the blockchain and provably fair.
The difference between traditional games and Bitcoin.com versions of the same games? For once, they're on the blockchain and provably fair, which means they're to be trusted because they're verifiable by players themselves. Second, they have much lower house edges than traditional casinos offer. The house edge for roulette is 1% only, for example. Third, you can enjoy this game in a completely anonymous environment trusted by people from all over the world.
Bitcoin.com launched the gaming portal of their enterprise back in 2016. It's still a newborn in terms of blockchain casinos, yet the portal has learned its lessons from its mistakes and is now trusted by gamers with their lives. Why? Because of the provably fair algorithm which allows you to 'manually verify a game that has been played by pressing the green verify button in the MY GAMES table after a game has been played.'
Roulette, the provably fair version
There's the basic design that first hits you when you enter the Bitcoin.com roulette page. Everything looks like it has been drawn in Paint. Do not let the simple design fool you. It is kept simple because there is no need for flashing lights and pretty girls laying around the wheel to attract players. It already has everything it needs in its simplicity and the base blockchain and provably fair algorithm. This is the roulette wheel you can verify if it's been fair or not. Which is simply unique and it leaves the primitive design to where it's at.
Gameplay
Roulette on the Bitcoin.com platform works pretty much like any other. It's a progressive jackpot roulette, meaning you can earn a great prize whenever you're extremely lucky. If you are the lucky type, of course. In order to play, you place your bets on the numbers or the colours or odds-evens plaques. The jackpot at the time of writing this post is 2,31 Bitcoins, which translates into 22.500 USD, more or less. You will be able to play in increments of credits and you'll have to plus 1 with every single bet.
Upon the game's platform you'll see a piece with three lines of text that read 'Three 0's in a row', 'Two 0's in a row' and 'One 0' which, if you land on and bet on, you can earn either the jackpot, 250 points or 1 point based on which one you're going for. As soon as you hit the 'Spin' button, the little roulette in the top right will start doing just that and soon enough will display the winning number and colour.
We think one of the best things about the roulette on the Bitcoin.com site is the ability offered to newcomers to try the game with the help of 100 free credits you can play with without even creating an account for the site. After 100 points spent on the site, you can really make a calculated decision on either go ahead with an account or not.
House edge
Bitcoin.com games have one of the most impressive online casinos' house edges in the world. They're incomparably better than those from Las Vegas, no doubt there! For example, the house edge for craps is set at 0.2% and the one for video poker is set at just 0.25%. Blackjack comes with a house edge of just 0.4%, while dice players can enjoy a 0.75% house edge. Keno, slots and roulette have a house edge set at 1%. This is way lower than any traditional roulette game anywhere on the web.
Deposits and withdrawals
You may use the general Bitcoin.com wallet in order to deposit your money on it first. Then, you can simply log in to the portal and play whatever game you want. The money will be directly spent from the wallet. If you wish to withdraw, there's no need as the won money will be automatically sent to the wallet. The only rule is to have a minimum deposit of 0.0001 BTC available for the Bitcoin Games portal and you're good to go.
Provably fairness
Provably fair games and moreover, provably fair portals are places where gamers have the unique possibility to personally verify for the fairness of a game. 'Play with confidence! We guarantee that every game you play at Bitcoin Games is completely fair. You will be dealt a completely random deck of cards every game, and we can provably demonstrate that we have in no way manipulated the shuffle. Check out the ‘Provably Fair' section in the ‘About' tab', is what you'll find on the Bitcoin.com site under the provably fair tab.
This means that, instead of just taking their word for it, you can actually verify the information and make sure the data matches with the results of your hands. You can't cheat, they can't cheat, everybody keeps everything legit. This is how the site has paid close to $1.500.000 worth of Bitcoins in just a week of gameplay, a sum that's unheard of even with the biggest traditional online casinos of the day.
Earn without betting
Bitcoin Games offers a referral program. It can make you up to 25% of the house edge as income for yourself only. All new users that follow the link from your website to the Bitcoin.com gaming submenu and then play a game, including Roulette, will earn you a small amount. More referrals, more money for you. All you have to do to get started on this is to click on the 'Referral Program' link in the 'About' menu tab. From thereon, simply follow the intuitive instructions, set up your link, paste it on your site and see yourself making a profit without gambling a satoshi.
Is Roulette A Fair Game Online
And the winner is…
Is Roulette A Fair Games
It's interesting how the legendary game of roulette has been around for so many years and yet nobody was curious enough to test its fairness. Now, with the help of the blockchain and the provably fair algorithm, every single hand that you play on the wheel on sites like Bitcoin.com is completely verifiable and to be trusted. It's revolutionary for this to happen, to say the least, now in the entire 600-year-old history of the game. The winner in all this is the player, who can rest assured that he is really getting his money's worth when playing his favourite game.
Introduction
Different method of playing the roulette and the payout 'Luck' by the definition from Cambridge, 'the force that causes things, especially good things, to happen to you by chance and not as a result of your own efforts or abilities' but the mathematics there is no such things as 'Luck' to play the roulette, probability is used to replace 'Luck'. In this mathematics internal assessment, I have decided to centre my exploration on the topic of European Roulette. Roulette is a casino game named after the French word meaning little wheel. In the game, players may choose to place bets on either a single number, various groupings of numbers, the colors red or black, whether the number is odd or even, or if the numbers are high (19–36) or low (1–18).
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Play wheels of fortune. To begin with, I looked at the different ways of playing European Roulette. To determine the winning number and color, a croupier spins the wheel in one direction, then spins a ball in the opposite direction around the circular track running around the outer edge of the wheel.
The European roulette wheel has 37 slots, where numbers from 1 to 36 and 0 can be found. Numbers from 1 to 36 are alternately colored in red and black, while the single zero is marked in green. The main objective for the player itself was to predict, which numbered slot the roulette ball is going to settle into. To do that, all players must make bets on a particular number, after which the dealer turns the roulette wheel in one direction and spins the roulette ball in the opposite. Once the ball finds its way into the pocket with that particular number, the players get paid by the way they play. I started to research on the different types of roulette and the ways of playing the game. There are totals of 10 ways to play the game, Reds and Black, Evens and Odds, Lows and High, Dozens, Columns, 6 Numbers (6 line), 4 Numbers (square), 3 Numbers (street), 2 Numbers (split) and 1 Number (straight). Each way of playing the game has a different payout and chance of winning.
To do my calculation, I did a primary data and collected 200 different results from the Roulette when I spin it. I will be using the data that has been collected first hand to calculate the expected gain for the gambler and whether the European Roulette is a fair game to play, the expected value, comparing the experimental probability vs theoretical probability and the expected mean of the game.
The expected outcome for the random variable X is the mean result 1. In general, the expectation of the random variable X isIn gambling, we say that the expected gain of the player from each game is the expected return or payout from the game; less the amount it cost them to play. The game will be fair if the expected gain is zero. In order to collect my data, I will be performing the spinning the roulette myself since this is a primary set of data. First, I will need a roulette ball. Secondly, I will need to spin the rotor and each trial must be use the same amount of power to spin the rotator in order to get a fair result. Thirdly, I will spin the roulette ball in the opposite direction of the rotor around the ball track. Lastly, I will have to wait for the roulette ball to be landed on one of the number pockets. How much money does a streamer make.
Expected Gain
The formula for expected gain is stated belowThe expected gain of the game would be calculated with the money that the player is willing to pay, in this case, we will set the price to pay the European Roulette at $10. Types of Bet Calculation Expected Gain Red Colour E(X)=E(Y) – $10 = – $10 = Black Colour E(X)=E(Y) – $10 = – $10 = Even Numbers E(X)=E(Y) – $10 = – $10 = 9 Odd Numbers E(X)=E(Y) – $10 = – $10 = 8 Lows E(X)=E(Y) – $10 = – $10 = -0.5 Highs E(X)=E(Y) – $10 =- $10 = 17.5 Dozens E(X)=E(Y) – $10 = – $10 = -3.5 E(X)=E(Y) – $10 = – $10 =.5 18.5 E(X)=E(Y) – $10 = – $10 = 20.5 Columns E(X)=E(Y) – $10 = – $10 = 7.5 E(X)=E(Y) – $10 = – $10 = 8.5 E(X)=E(Y) – $10 = – $10 = 9.5
The result shows us that the European Roulette is not a fair game because of all the different methods of playing the game, most of the expected gain is either higher or lower than 0 which makes the European Roulette not a fair game, to have one of the types of bet to be fair the expected gain of that bets must be equal to 0, as we can see from the result above only one bet is consider to be a fair game, which is the lows, it is not considered as a fair game as the expected gain of that bets is -0.5 which is less than 1 but not close to 0, it could still be considered as a fair game. When the player tries to play the European Roulette, putting the bets on the highs and lows would consider you have a chance of earning some money back.
Experimental Probability vs Theoretical Probability
Theoretical probability is what we expect to happen, where the experimental probability is what actually happens when we try it out.
To compare the experimental probability to the theoretical probability, the theoretical probability must times itself by 150 times since the probability is shown are only the chances of 1 times playing the roulette. The result shows that we can see that when the player is putting his bet on to the colour section, odds/evens number section or lows/highs, the player will expect to have 73 times out of 150 times that the ball is landed on that section. Recover my files data recovery. There are 4 times that was not shown on the graph because that 4 times was expected to land on the 0 and 0 does not lie on the colour section, odds/evens number section or lows/highs section. The experimental probability has a similar result with the theoretical probability except for the dozens and the columns.
Normal Distribution
Using the value of the expected mean, and the 150 times of data collected, I can calculate the standard deviation and created a normal distribution graph using excel. The bell curve shown above has a mean of 17.7(3 sf) and a standard deviation of 11.1 (3 sf).
Conclusion
This investigation explored the different types of bets in the European Roulette and which bets (colours, numbers, highs/lows, dozens and columns) would be a fair game to play with? Online gambling australia. Area involves in the investigation are probability and normal distribution. The big question about this game is that 'Can mathematical theory on probability help you to predict the game or win the game?'
Firstly, the expected gain from the different bets, most of the bets are either higher or lower than 0, which the rule for the game to be fair the expected gain must be equal to 0, the closest bet that could be considered as a fair game would be the lows, it has an expected gain of -0.5 and for highs it has an expected gain 17.5. From this 2 numbers, we can see that when players pay the bets on the lows, they will lose a small amount of money, for example, if the player pays 10 dollars they will only gain 0.5 dollars and when place bets on the highs the player is expected to lose 17.5.
Secondly, the game has a similar probability for the theoretical probability and the experimental probability. For the colours, numbers, and highs/lows it is expected to have an outcome of 75/150 times and in experimental probability around 73 times, the ball has landed on its spots. From this result, we can create a statement that mathematics theory probability can help you to predict the game or even win the game?
The weakness of this investigation would be that the data would be collected by hand as there could be an error in the data. When I throw the ball into the rotating roulette, the power that was used to push the ball into the roulette would be different each time, so it would affect the result. To minimize the error, I could build a machine, which is capable to push the ball into the rotating roulette with the same amount of power used to push the ball every time. This will not able to use the same power to push the power, it could also minimize the error that human create.
The most valuable lesson I have learnt from this investigation is the idea 'probability' can be used in the European Roulette, as we can see from the result, and the data analyze that the probability of the theoretical, and the experimental has a similar outcome, even though the European Roulette turns out to be an unfair game, it is possible to still play the game base on the 2 different types of probability that I have calculated but if you want to win and earn money by playing the European Roulette, I would recommend not to play this game as the European Roulette is a kind of casino game, when you lose once, you will want to keep playing till you can earn some money, but when the time you have finally earned and win some money back you may have lost a lot of money and start to gain debt which may result you to lose your life. If you want to earn money, thy best way is to go the right way and not going into a shortcut to earn money that may kill you.
11 February 2020⚠️ Remember: This essay was written and uploaded by an average student. It does not reflect the quality of papers completed by our expert essay writers. To get a custom and plagiarism-free essay click here.
