How?

[amk]

Hopefully you might have some insight Bayes.


Would be great to hear some good ones from all.




If I am correct roulette was first invented +-200 years ago maybe more.


Even today we need computer programs to figure out how random works etc.




My question is, how did they know the limitations of randomness before the use of computers? I assume they had max bets then as well. How did they know how to decide these maximums? For example. Only in the last +-30/40 years do we know that a EC can repeat 24 times. Through computer simulations we can see this. Back then someone might have seen it and became a myth. There was no internet as now etc. The casinos had to know the boundaries of random so that they could secure their max bets allowed.


It would be interesting to learn how the mathematicians/casinos figured out roulette ie that they would win longterm, so many years ago when we need computers to do it in the present.

[holymoly]

Also how long did they test the wheel before letting it loose in the Casinos.

[bossdarling]

I heard roulette casino was started by Francois Blanc in Monaco, who sold his soul to the devil for fortune and glory, legend says. But this is far from math nor scientific answer we're looking for. 

[superman]

AMK I am guessing you are targetting RNG with your question? if so, since compuetrs started in houses and offices, years before then there were already computers so the random function would have been around then already so lets say the random function is probably 40 years old, its probably evolved, a lot, since then though.

Only in the last +-30/40 years do we know that a EC can repeat 24 times

So you would think as they did, this will only happen probably once every 5000 spins of the RNG so anyone using marty would only win ONE unit!! every 5000 spins, they could financially cover that no problem, BUT they also know human nature, we would get bored winning once every 5000 spins so we would start betting earlier and lose more often.

Also how long did they test the wheel before letting it lose in the Casinos

I take it this is a live wheel holymoly? you could tell within an hour of inventing it if it was hard to beat or not in my opinion, same as playing heads or tales.

[Bayes]

It would be interesting to learn how the mathematicians/casinos figured out roulette ie that they would win longterm, so many years ago when we need computers to do it in the present.

It's been known how to calculate expectation since the 17th Century, see here. That's all you really need in order to get a long-term edge over the punters, and the mathematics needed is very simple. The casino only cares about averages, not whether some individual player is a winner or not (unless they happen to be William Hill  ).

I agree with superman, knowing human nature is enough: back in the 18th Century they may not have had computers but they knew that most gamblers were impatient, lazy and greedy. 

I don't know, but I doubt whether computers are used in order to set the house limits. After all, these vary with casinos so there must be other factors involved. It can't be the case that they've worked it out by running simulations to find the longest losing runs; sure, they could do it for Red/Black and martingale, but what about all the countless other bets which are possible?  there are just so many possible permutations and combinations of bets that even the largest supercomputer couldn't do it.