Everyone knows that roulette cannot be beaten…..not on the level anyway. However by choosing the right system then not only can you come close to almost eliminating the house edge but you can under certain circumstances be +EV. It is difficult to quote instances where that could be the case but online casinos give you a chance a achieving this Holy Grail for one very important reason…..this is because many of them offer sign up bonuses based on you giving them a certain level of action. If a site offers you a 100% bonus up to $1000 then this means that they will double your $1000 buy in to $2000 over a period of time based on how much action you give them.
There are various rules in place with certain casinos regarding the amount of action that you must give them. But let us say that you only bet on red or black on roulette and the wheel is a 37 number conventional wheel. This means that the house edge is in the region of 1.37% if you only bet on red or black. Let us also say that you have to place a multiple of the amount that you buy-in for to get that bonus and that multiple is x20. This means that you have to place $20,000 to get the $1000 bonus.
Now clearly you wouldn’t wager huge bets to get that bonus because the risk of losing is too high. But you could say wager $5 per spin and so you make $20,000 in action after 4000 spins. With a bankroll of $1000 then you start with at least enough money for 200 spins which is enough when you are taking only slightly worse than even money. But losing 1.37% per bet in EV means that you will return $4.9315 for every bet over the long haul. Multiply that by the number of spins which is 4000 and you get a return of $19,726 meaning that you lost or were expected to lose $274 of your $1000. But you should have gained $1000 back and so should be +EV to the tune of $726 over 4000 spins for a net result of +$0.1815 per spin.
