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

Shifting Incomes for American Jobs

For various occupations, the difference between the person who makes the most and the one who makes the least can be significant.

Watching the growth of Walmart – now with 100% more Sam’s Club

The ever so popular Walmart growth map gets an update, and yes, it still looks like a wildfire. Sam’s Club follows soon after, although not nearly as vigorously.

Where People Run in Major Cities

There are many exercise apps that allow you to keep …

Marrying Age

People get married at various ages, but there are definite trends that vary across demographic groups. What do these trends look like?