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[3] A primitive form of roulette, known as 'EO' (Even/Odd), was played in England in the late 18th century using a gaming wheel similar to that used in roulette. Bet name Winning spaces Payout Odds against winning (French) Expected value 027 37 to 1 −$0. . Mathematical model [ edit ] In some casinos, a player may bet full complete for less than the table straight-up maximum, for example, "number 17 full complete by $25" would cost $1000, that is 40 chips each at $25 value. Like the martingale, this system is mainly applied to the even-money outside bets, and is favored by players who want to keep the amount of their bets and losses to a minimum. There are numerous other betting systems that rely on this fallacy, or that attempt to follow 'streaks' (looking for patterns in randomness), varying bet size accordingly. designer bags cyber monday