How quick can you make 1 million in roulette?
I guess it depends on your skills but once you can achieve edges like 20% consitently, the risk of ruin at 5% is about 1000 units. Let’s also assume there are many casinos in your area and they allow your action for quite a while and you are allowed to play however you want. There are restrictions such as many players at a table during peak hours, different dealers spinning the ball differently, regular service of the wheel every 2 weeks.
Let’s say you bet 5 numbers with $3 each, and assume you have around 30 spins per hour and 20%edge, that is $90 ev per hour. Once you have made 2k, you would have 5k, that’s around 20 hours of play, you play with $5 per number for 5, that is $150 ev per hour. Lets play for another 20 hours, that is another 3k profit.
Now you have 3k+2k+3k=8k. We then move the chip to $8 and play for another 20 hours, that would be ev of 4.8k. Now we have 8k+4.8k=12.8k of 60 hours of playing. The above is probably 2 weeks of play include dating taking.
Passing the 12.8k mark, it is crucial, as now you can play on the $10 table and spins per hour significantly increases to 50 spins per hour! Playing just 10 hours for 10x7 numbers arc, that’s ev of 7k, now you have 19.8k! We then play at a level of $20 per number for 5 numbers and we have ev of 10k in 10 hours as 20x5x50x0.2x10=10k!
We now using a formula such that your bankroll increase by a factor of 1.5 every 10 hours as (19.8k+10k)/19.8k=approximately 1.5 which is the multiplication factor every 10 hours!
20k (70hours)x1.5x1.5x1.5x1.5 =101.25k in 110hours
Now order to turn 101.25k into 1million, that is 101.25(110hours)x1.5^6(60hours)=1.153million
The above used approximately 170 hours which is around 1 month of playing time!
I have spoken to many advantage player and even with a lot of skills, or very high degree of skills, that does not necessarily make them a millionaire. The key in roulette or any sort of advantage play is
- Having a consistent advantage.
- Scale up bankroll using the 8th wonder of the world which is compound interest
- Able to be in a place where there are lots of casinos and wheels and also they are very very few of your competitors or even none to compete with you. In this way, you would be able to play very long without any countermeasures as casinos only deploy countermeasures when they have been hit hard. Personally, i would not play in big cities like london or LV simply becasue the fact that all advantage players around the world has hit them and the casinos had learned the hard way.
4.avoid bad conditions and walk away! - Don’t overbet and certainly don’t under bet like most advantage players becasue you just have to trust the process of compound interest and increase your bankroll when up and decrease when down.
- Speed of the game is key as a 20%edge can do as well as a 40% edge if the speed is 2x.
Know your enemies well and you can win a hundred battles! I have spoken to casino owners and in general, their main concern might not be barring advantage players but how to make more money! I mean no one can invent new things which can beat the casino so bad that can make them go out of business. Nowadays, they can track your winnings easily and tell who is advantage player and does nkt need a brain surgeon to do that. In my recnt plays, i have met believe it or not at least 10 people who had lost 3 million usd in their whole career of gambling and the key is actually having a PR who customs for their needs, free hotel rooms, free meals, even free luxury 7 seaters! Believe it or not, casino does not always make money as they have expenses, and they usually lacks money to invest in PR, rennovation, service, etc! These are the type of casino you want to avoid becasue it limits how much you can play and you absolutley stand out as no one play that big there!