Why the heck not?
One has to wonder, though, if there is any scientific research examining the relationship between roulette table odds and your odds of winning. I’ll tell, here: According to a 2012 study, a $1 bet in roulette is actually more profitable for humans (and for the gambling industry) than a $100 bet.
Here’s the problem: Many people don’t play roulette because they don’t have enough money to play.
How Much Money Is Enough?
The answer: not much. In fact, according to a 2012 report from the Bureau of Labor Statistics, a $1 bet in roulette would pay you a little over $8 a game hour. It’s no better than cash, though, in case anyone’s forgotten what money is. (In the meantime, let’s just say that a “half-dozen” of you could easily pay for the daily newspaper.)
To be clear, this study didn’t measure how often you’d play, which will be important to know if you’re concerned that roulette is a casino. The survey also didn’t measure whether you play in a city you visit every day or if you are merely playing in a more convenient location.
It’s likely that more people play roulette because it has so much exposure in their daily lives, but in reality, the odds are more complex than just this statistic suggests. According to a 2012 survey of 5,000 Americans, those who regularly play roulette have significantly more money in the bank and have longer odds of winning than their non-routine play counterparts, who had more wins but had considerably less money in the bank.
According to the Bureau of Labor Statistics in 2010, the average wage for a full time worker in 2013 was $23,084 as determined by the National Compensation Survey.
According to the most recent report by the Bureau of Labor Statistics, a full time worker would have to have $24,867 per year to make $23,084 – that includes the first $895 of each month (excluding overtime pay). This includes the first $0.50 of pay each week ($1,065), the first half of pay each pay period ($0.125), the last half of pay each pay period ($0.099), part time (less than 35 hours/week) and full time (35 or more hours/week).
According to recent research conducted by the Institute for New
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