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Roulette (named after the French word meaning "little wheel") is a casino game which was likely developed from the Italian game Biribi. In the game, a player may choose to place a bet on a single number, various groupings of numbers, the color red or black, whether the number is odd or even, or if the number is high or low.
European roulette wheels have only one "zero" and therefore the house advantage (ignoring the en prison rule) is equal to 1/37 = 2.7%. The house edge of casino games varies greatly with the game, with some games having an edge as low as 0.3%.
Martingale (betting system) A martingale is a class of betting strategies that originated from and were popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails. The strategy had the gambler double the bet after every loss ...
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Fitness proportionate selection, also known as roulette wheel selection, is a genetic operator used in genetic algorithms for selecting potentially useful solutions for recombination. In fitness proportionate selection, as in all selection methods, the fitness function assigns a fitness to possible solutions or chromosomes .
The Eudaemons were a small group headed by graduate physics students J. Doyne Farmer and Norman Packard at the University of California Santa Cruz in the late 1970s. [1] The group's immediate objective was to find a way to beat roulette using a concealed computer, with the ulterior motive of using the money made from roulette to fund a scientific community.
European roulette layout Image title European roulette table and wheel layout - First published Betzaar.com under the CreativeCommons Attribution+ShareAlike licence
The mathematics of gambling is a collection of probability applications encountered in games of chance and can get included in game theory.From a mathematical point of view, the games of chance are experiments generating various types of aleatory events, and it is possible to calculate by using the properties of probability on a finite space of possibilities.