The Law of Large Numbers says the average of the results obtained from a large number of trials should be close to the expected value. This is important because it "guarantees" stable long term results for the averages of random events.

We all know from experience that we are very unlikely to see the law of Large Numbers play out in a single 100 spin session. If you're lucky, variance will be on your side and you walk away a winner.

Although in 100 spins, anything can happen...in 1000 spins we'll see results that are more in line with the expected value. So, how can we use this to our advantage?

Let's say we bet a dozen for 100 spins, and get 20 hits. The expected value should be 33 hits. Now, for the next 100 spins, pick the 8 coldest number from that dozen. The next 100, pick the 6 coldest. The next 100, the 4 coldest...etc,etc. We can even add 1 chip each session as we play fewer numbers.

I'm thinking this should work, because variance can't be negative every single session. If it wouldn't, that would mean the Law of Large Numbers is not true! From every graph I've seen, things tend to start equaling out percentage wise way before 1000 spins! In most cases, after the first 100.

This is basically a parachute progression for each sesaion, instead of each spin. A session is 100 spins up to 10 sessions which is 1000 spins. Doesn't have to be on the same wheel or the same day....the averages should still get the same results. I know this is a long term strategy. But can it work? If not, why?