Now, the important thing to remember is that the goal of Oscar’s grind is to end each betting cycle with a 1-unit gain.

If it wins, increase the bet amount by 1 unit.

If it loses, make the exact same bet again.

While we have studied Oscar’s Grind in another article, the basic idea is this: Roulette bettors like it because it is a relatively low-risk approach that can be used in conjunction with many other bets. Oscar’s Grind is a simple yet effective betting strategy that some players like to use over the long haul. You will often see them used in a variety of systems, such as the following three. There are many different options for using Red/Black bets. The house edge is quite low, but it will catch up to you eventually.

All in all, it’s obvious that you shouldn’t expect to make money by betting Red/Black over the long haul. Player 2 was able to leave the session with a small profit, while Player 1 suffered a very small loss. He came close to being up $1,000, although he completely collapsed late in the session.Īs we expected, the bankrolls for Players 2 and 3 remained steady throughout the game. Because Player 4 staked the most each round, his bankroll endured the most noticeable fluctuations. While we can attribute some of this to larger stakes, it’s hard to ignore the fact that he has a lot of bad luck. Perhaps the most alarming thing was how quickly Player 3 flamed out. If you have checked out some of our other roulette betting tutorials and seen other similar simulations, then these results shouldn’t be surprising. We did our magic and came up with the following graph. Player 1 will stake $1 per round, Player 2 will bet $5, Player 3 will wager $20, and Player 4 will risk $100. Taking the probabilities and payout ratio into account, we have created a simulation in which we only wager Red/Black bets for 1,000 rounds.

Reds blacks evens odds in roulette