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Now, as it happens, winning and losing over a certain number of spins on the roulette wheel is a perfect example of a binomial distribution - the probability of winning is fixed, the spins are independent, and you have a fixed number of trials. One nice thing about the binomial distribution is that if you do enough trials - more than 30 or so - you can model it as a normal distribution, which is a bit easier to work with. I’m going to talk about red and black here, but you can do the same experiment with any of the bets available on the roulette wheel. Not all roulette wheels are created equal. Most casinos offer a few versions of the game. Here’s what to know: Modify Wheel on Home Page Roulette payouts range from 1:1 (even-money bets like red/black) up to 35:1 (a single num
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