The Markov Chain Perspective of Roulette

Abstract

Roulette is a popular casino game. Parallel to card counting in Blackjack tables, most Roulette players believe that there is a way of winning against the house. This study is an attempt to establish a playing strategy for the game. The outside game of the Roulette is redefined through a player’s perspective and is represented by a Markov Chain. A thorough analysis on the Markov Chain representation of the Roulette is conducted to see if there is indeed a way to increase the odds for a player to have profit from the game.

Discipline: Mathematical Sciences

Faculty Mentor: Dr. Cristina Anton