
the previous bet respectively. Another worse risky
bet is the Fibonacci strategy, which follows the
Fibonacci sequence to determine the bet size for the
current bet based on the sum of the immediate past
two bets. Finally, the worst risky bet is Martingale's
strategy, which involves doubling the bet after each
loss, aiming to recover all previous losses with a
single win. The chance of the above risky versions
of gambling strategies beneficial to gamblers may
happen only in case of equally likely payouts for
both gamblers and gambling houses.
5 Conclusion
In this paper, a mathematical study is carried out to
show that playing Roulette never pays off for a
gambler with the existing payouts. Further, it is
shown that gambling payouts are fixed in favour of
gambling houses and there is little chance for a
gambler to earn on a long-term average. An
interesting future work is analyzing other popular
gambling games and revealing how the payouts are
designed to favor gambling houses. Another
interesting and much-needed future work is to
review the application of Roulette and other
gambling games in optimization techniques across
multiple domains of science, engineering, and
technology. A much-awaited work is the
deployment of artificial intelligence and machine
learning principles to bring out profits for the
gambler with the existing payouts.
References:
[1] Stan Lipovetsky, “Mathematics of The Big
Four Casino Table Games: Blackjack,
Baccarat, Craps & Roulete, Technometrics,
Vol.65, No.4, 2023, pp.613-614.
https://doi.org/10.1080/00401706.2023.22628
98.
[2] Stan Lipovetsky, “Luck, Logic, and White
Lies: The Mathematics of Games”,
Technometrics, Vol.65, No.4, 2023, pp.604-
606.
https://doi.org/10.1080/00401706.2023.22628
89.
[3] Marshall, Jennings B., "Probability with
roulette", Teaching Statistics, Vol.29, No.3,
2007, pp.74-79.
https://doi.org/10.1111/j.1467-
9639.2007.00274.x.
[4] Croucher, John S, "A comparison of strategies
for playing even money bets in
roulette", Teaching Statistics, Vol. 27, No.1,
2005, pp.20-23.
DOI: 10.1111/j.1467-9639.2005.00193.x
[5] N. Kunanets, V. Morokhovych, V. Kut and D.
Popchenko, "Project for the development of
an online betting game “Live Roulette””, 2023
IEEE 18th International Conference on
Computer Science and Information
Technologies (CSIT), Lviv, Ukraine, 2023,
pp. 1-5.
DOI: 10.1109/CSIT61576.2023.10324019
[6] Hager Hussein, Ahmed Younis, Walid
Abdelmoez, "Quantum-inspired genetic
algorithm for solving the test suite
minimization problem", WSEAS Transactions
on Computers, Vol.19, 2020, pp.143-155.
DOI: 10.37394/23205.2020.19.20
[7] Golemanova, Emilia, and Tzanko Golemanov,
"Genetic Algorithms in a Visual Declarative
Programming”, WSEAS Transactions on
Information Science and Applications, Vol.19,
2022, pp.138-152.
DOI: 10.37394/23209.2022.19.14
[8] Gomez, Luis, Andres Rey, and Angel Lozada.
"Aggregation of results in Crowdsourcing by
means of an Evolutionary Algorithm that
calculates the Approximate Median
String", WSEAS Transactions on Computers,
Vol.18, 2019, pp.1-10.
[9] Cao, Yahui, Tao Zhang, Xin Zhao, Xue Jia,
and Bingzhi Li. "MooSeeker: A Metabolic
Pathway Design Tool Based on Multi-
Objective Optimization
Algorithm", IEEE/ACM Transactions on
Computational Biology and Bioinformatics,
vol. 20, no. 6, 2023, pp. 3609-3622.
DOI: 10.1109/TCBB.2023.3307363
[10] Li, Jingyi, Guocheng Liao, Lin Chen, and Xu
Chen. "Roulette: A Semantic Privacy-
Preserving Device-Edge Collaborative
Inference Framework for Deep Learning
Classification Tasks", IEEE Transactions on
Mobile Computing, vol. 23, no. 5, 2023, pp.
5494-5510.
DOI: 10.1109/TMC.2023.3312304
[11] El-Afifi, Magda I., Bishoy E. Sedhom,
Abdelfattah A. Eladl, Mohamed Elgamal, and
Pierluigi Siano., "Demand Side Management
Strategy for Smart Building Using Multi-
Objective Hybrid Optimization Technique",
Results in Engineering, Vol.22, Issue: June
2024, 2024, pp.1-16.
https://doi.org/10.1016/j.rineng.2024.102265.
WSEAS TRANSACTIONS on ADVANCES in ENGINEERING EDUCATION
DOI: 10.37394/232010.2024.21.14