by Vitriola » Tue Apr 04, 2006 10:31 am
Wikipedia wrote:If a player bets on a single number and wins, the payout is 35 to 1. The bet itself is returned, so in total it is multiplied by 36. (In a lottery one would say 'the prize is 36 times the cost of the ticket', because in a lottery the cost of the ticket is not returned additionally.)
In 2004, Ashley Revell of London sold all of his possessions, clothing included, and brought US$135,300 to the Plaza Hotel in Las Vegas and put it all on "Red" at the roulette table in a double-or-nothing bet. The ball landed on "Red 7" and Revell walked away with his net-worth doubled to $270,600.
I would like to point out that you were right, but that it is not like this in like almost any other form of gambling, like horses. The odds are not
on top of getting the original bet back.
[quote="Wikipedia"]If a player bets on a single number and wins, the payout is 35 to 1. The bet itself is returned, so in total it is multiplied by 36. (In a lottery one would say 'the prize is 36 times the cost of the ticket', because in a lottery the cost of the ticket is not returned additionally.)
In 2004, Ashley Revell of London sold all of his possessions, clothing included, and brought US$135,300 to the Plaza Hotel in Las Vegas and put it all on "Red" at the roulette table in a double-or-nothing bet. The ball landed on "Red 7" and Revell walked away with his net-worth doubled to $270,600.[/quote]
I would like to point out that you were right, but that it is not like this in like almost any other form of gambling, like horses. The odds are not [i]on top of[/i] getting the original bet back.