Roulette Even Money Bets

FLEX, a betting strategy for even money bets FLEX is a very promissing betting strategy on even money chances. In this explanation, we refer to the double chance BLACK / RED. FLEX follows the actual trend of the spin run. For this purpose we look at the black - and the red side separately.

Well if minimum for straight up bets is 2 Euro then we can play even money bets using High/Low and place three line bets with 3x2 Euro = 6 Euro or combine it with 10 euro on even money position and add the line bets with 0.6. Or round up the numbers for the algorithm. When you play roulette online for real money, you must check the table limits before you place your bets. A minimum bet could be as low as $1, whilst the maximum bet could be set at $10,000. Certain strategies – such as the Martingale strategy – require a large maximum bet. Just imagine losing a $6,000 bet. A standard roulette game has 38 possible outcomes. 2 of those 38 outcomes are outside the parameters of any of those even money bets. A roulette wheel has a 0 and 00, and those are both colored green—NOT red or black. These 0 and 00 also don’t count as even OR as odd. So any even money bet loses when the ball lands on a 0 or 00. The even money bets in roulette are probably the most popular bets on the table. Who hasn't heard of the expression 'you may as well stick it all on the red '. Well, that would be an even money bet.

There are two absolute guarantees in life and while we all know the first one, taxes are probably the one we complain about the most. Everything has a tax (depending your state) and unfortunately there is nothing really that can be done about it. In the sports betting industry, there is a form of tax sportsbooks use called “juice” or “vig”. This is to ensure that the sportsbooks turn a profit regardless of the outcome of a particular game. However, sometimes the sportsbooks feel generous enough to offer up a “tax-free” line. This line is known as “even money” and offers up a chance to double your money – no questions asked.

What Does Even Money Mean?

When you hear the term “even money” being tossed around, it is a term used to reference a bet placed without any juice or vig. The odds for this wager are expressed in three different ways depending on what odds you prefer to use. As a fraction, even money is expressed as 1/1, while American odds express it was -100 or +100. The majority of the time, even money odds will be listed as “EVEN.”

How Does Even Money Odds Effect the Sportsbook?

Generally speaking, sportsbooks do not like listing even money lines because it is not as easy for them to make money. Since sportsbooks pay out as much money as they take in, sportsbooks would need to rely on a very low winning percentage from the public in order to come out ahead. Since sportsbooks run the show, they do everything in their power to avoid posting “EVEN” odds. They feel comfortable posting odds like -105 and the standard -110 lines, since that extra bit of juice allows them to turn a profit – as long as the balance is equal between both sides. In order for the public to turn a profit betting into -110 lines, they would need to risk $110 dollars to win $100, which means the extra $10 stays with the sportsbook.

Are Even Money Odds Worth Playing?

When a bettor sees “even money” they are inclined to explore further since the chance to double up has presented itself. Betting “even money” lines over the long term can be effective, since you won’t need to have a super high winning percentage to turn a profit in comparison to betting the -110 odds. However, this is where the sportsbooks get you. You must make sure that “even money” is actually worth it or not. Let’s use roulette as an example.
You can get even money odds for betting on the outside of the board – things like red or black, odd or even, or 1-18/19-36. Each of these “even money” propositions seem fair on the surface, but they are far from. Think about it for a second. Depending on the board, there are actually 37 or 38 spots on the wheel – 36 numbers plus 0 and 00. That means any one of those bets could lose and the even money line is not actually a fair representation of the true odds. Playing this even money method would be a losing proposition over the long term which is why you should always be sure the potential return exceeds the risk involved.

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Some of you have asked me about my system called the Dual Even Money Progression.
This system bets on all 3 even bets (color, even/odd, first/second 18).

My goal was to design a betting system that could be played systematically over the long term and beat the internet casinos. I have tested several systems developed by credible names such as The Guetting Progression system, Half Peak system, Hollandish system and others as well and they have all depleted the bankroll in the longer term.

Out of all the systems that I have programmed and tested with thousands of spins, including real casino spins, true random generated spins, as well as pseudo generated, this is the only system that wins MOST consistently. The profits are not large, but nonetheless, are profits.

Now let us talk about this betting system. On each one of the even bets, I am betting on both options. Let’s choose red/black to illustrate. I am betting on both the red and the black on every spin, but with different progressions. This example could be simplified to use a single progression, but I believe this example, describes the concept better.

I am betting always on the last outcome, if the last spin was red, my reference will be set to red. If 0 comes out, we will maintain the previous reference before the 0 came out.

Here is the progression. Whatever my reference is at any given time, I will follow this progression, 1, 1, 2, 3, 5, 8, 13, 21, 34 (Fibonacci progression) and for the opposite, I use the following: 2, 4, 8, 16, 32, 64, 128, 256

I know this system is not easy to understand but bear with me. Let’s say the first spin result is red, I will bet 1 unit on the red and 2 on the black. If the next spin result is red again, I will bet 1 unit on the red and 4 on the black, Let’s say red comes out again, I bet 2 units on the red and 8 on the black. Now, let’s say black comes out, well, I start my progression again. I will bet 1 unit on the black and 2 on the red.

The logic behind this is that I know that I will lose, the point is to minimize my losses in 2 ways, the first one is by doubling my bet on the opposite color, this means that when the opposite color comes out, I will recap my loses on that color plus one unit. Now let me explain the progression on what I call the reference color. As long as this color keeps on coming out, I will increase my bets, this means that I am taking advantage of this sequence but, the number of units bet cannot be greater than the opposite since we know we are eventually going to lose and when we do, we will recuperate what we have bet on the opposite plus all the winnings from all the repetitions of my reference color.

I have capped this progression to 5 losses on the system. What I mean is that our progression on the opposite has reached 32 units and the opposite has not come up, we take our losses and start again. We could extend that to a higher point and this will for sure produce more profit but, I that also means higher losses. I kept it at 5 losses so that people with small bankrolls can play it.

Please test this system with Hamburg data files as well as random.

I look forward to your feedback
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Column A: Progression level / Bet number
Column B: Numbers bet
Column C: Units bet on this level
Column D: Total units bet so far
Column E: Total pay-out if hit at this level
Column F: Net profit if hit at this level
Column G: Net profit/spin if hit at this level
Column H: % chance to hit at this level
Column I: Total % chance to hit at or before this level
Column J: Net profit x H (= Mathematical 100 sessions) at this level
Column K: Total net profit up to and including this level for mathematical 100 sessions

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