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

10 Best Data Visualization Projects of 2015

These are my picks for the best of 2015. As usual, they could easily appear in a different order on a different day, and there are projects not on the list that were also excellent.

The Best Data Visualization Projects of 2014

It’s always tough to pick my favorite visualization projects. Nevertheless, I gave it a go.

Divorce Rates for Different Groups

We know when people usually get married. We know who never marries. Finally, it’s time to look at the other side: divorce and remarriage.

How We Spend Our Money, a Breakdown

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