I like your research. One other particularly clever gentleman also studied probability theory on a roulette wheel. His conclusion?
Although, this won't stop me from placing the occasional wager on the Roulette table. :)
p.s - Roulette etymologoy - mid 18th century: from French, diminutive of rouelle ‘wheel’, from late Latin rotella, diminutive of Latin rota ‘wheel’.
Was a problem gambler before, suffered from it for 5 years. And I'll have to agree with Einstein. I've tried the method mentioned above, to be honest, it works real fine, giving me some comfort money on an almost daily basis, and just approx 45 minutes spent in the casino a day.
However, you just need a really bad run, or perhaps a very rare occurance of 17 Odds in the roulette table, to kill everything that you have. I'm still trying to kick the habit, and thus spending more time following cryptocurrencies. But well, probability theory can be very fun indeed.
Very nice quote.
Einstein made a great contribution in developing this area of math. Sometimes it's okay to gamble, just for fun. But obviously it shouldn't turn into a habitat