Betting on red at roulette, you place $10.

Every time you lose you double the size of the bet.

The problem is that there are losing streaks of 15 or 20.

In dollar terms, 10 losses equal to an outlay of $3,120 on the 10th bet, just to recover the initial $10.

This strategy would work if you had an infinite bank and there was no bet limit on each table.

Previously I discussed the different odds given to different games found in casinos and online gaming sites. Knowing the odds is a great way of determining your chances of winning in a particular game.Below are some more discussions of the different odds in some casino games:

Roulette – Do not think that by putting one bet on red and the other on black at the same time would mean that you will break even. The green “0” and “00” are there to give casinos a 5.25 per cent edge in roulette. In order to get better odds and slightly higher chance of winning, try to find a game that only offers one “0”.

Video poker – To get better odds try to find a Jacks machine or something even better that pays 9 coins for every full house and 6 coins for a flush. By doing this you lower the house edge to between 0 per cent and 5 per cent. Video poker is actually considered as a better game compared to slot machines. If you factor in the perfect play and comps you can actually make a run that would eventually see you getting ahead of the casino at the end of the day.

Craps – One way to get better odds is by avoiding the high odds bets on the craps table. You should only try to play the line bets, among these are the pass, don’t pass, come and don’t come bets. Do this and you lower the odds of the casino to just 1.4 per cent. There are some casinos that offer a type of game called crapless craps. Some people think that this is a better game in terms of odds, but the truth is that it actually increases the casino’s odds.