Date: March 22, 2018

Speaker: Johann Thiel

Title: Roulette Wheel Betting

Abstract: A typical American roulette wheel has 38 different pockets. Two are colored green while the other 36 are split evenly between black and red. One way to bet on the roulette wheel is to bet on the color (black or red) of the next spin. The payout for this kind of bet is 1-to-1.

If we start out with $30 and want to try to double our money (or lose it all trying), what betting strategies can help improve our odds? What does this have to do with matrices? We will try to answer these questions and more in this introductory talk.