Odds of losing in roulette

Posted to Statistical Visualization  |  Tags: ,  |  Nathan Yau

Jay Jacobs has some fun with roulette simulations and explores the odds of winning for different bets. Above shows a simulation of 250 spins 20,000 times. Or to put it differently, it’s like simulating the play of 20,000 people, who each took 250 spins and always bet on a single number.

I’m not sure why it doesn’t start to get red until you’re $500 in the hole, but bottom line: the longer you play, the higher probability you will lose all your money. That was my main takeaway from Probability 101 in undergrad. The rest is a blur.

1 Comment

Favorites

How We Spend Our Money, a Breakdown

We know spending changes when you have more money. Here’s by how much.

Famous Movie Quotes as Charts

In celebration of their 100-year anniversary, the American Film Institute selected the 100 most memorable quotes from American cinema, and …

Jobs Charted by State and Salary

Jobs and pay can vary a lot depending on where you live, based on 2013 data from the Bureau of Labor Statistics. Here’s an interactive to look.

The Changing American Diet

See what we ate on an average day, for the past several decades.