Download or read book Roulette It's Just Business written by James Barend and published by . This book was released on 2017-08-07 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: I am not a gambler; I have not spent a lot of time in casinos nor have I won millions using this strategy yet. I am a humble business man and thought a casino would be an ideal client: it has high liquidity and very good solvency. Then I looked for a market where I could trade with the casino. All casino games are structured in such a way to favour the "house" or casino. First I tried blackjack but there were too many variables then I came across Roulette. Roulette, as a game, is a closed system with fixed rules which can be predicted and planned for. As such strategies can be formulated and followed to maximize your chances of success or in other words a business plan. If someone came to you and offered you a business opportunity that claims to give a possible 3500% return on your investment what would you think? Warning: "It's a scam" am I right? With such a high percentage return, the risk is certainly very high (Higher the risk the higher the return). In this case a 97.29% probability of failure.But if someone came to you and offered you a business opportunity that delivers a consistent 5% return on your investment what would you think? It sounds more plausible am I right? Lower risk since it has a lower return on investment: In this case 8.1% probability of failure. However, they also offer assurance that if something unforeseen happens you won't lose your initial investment. Now that sound like a good sound investment, doesn't it?Now 5% return on your investment is not much, especially if you think of that per annum, but if you make 5% profit per transaction or trade? Then it starts to add up and make sense. The beauty of "doing business" with the casino is that you can make that 5% return every couple of minute or if online every couple of seconds. Say you invest $200 you will be making $10 profit with every spin of the wheel, every couple of minutes or seconds. In just 100 turns of the "little wheel," you will have made $1000!This is an advanced strategy which incorporates both business principles and Roulette strategies. So before getting into the mechanics of how this "Roulette business plan/strategy" works, I feel I will have to give a thorough explanation of business and roulette basics, strategies and risk reduction. Then I will be getting into understanding the odds and turning it into probabilities for success.Please note: I will not cover all types of bets, odds, and strategies available in Roulette. I will only be focussing on those which are pertinent to my strategy/plan.