May I chip in my half cent,
CoderJoe is right, JL is right too, they just on different parrarel time plane.
When Coderjoe simulate 20k test, it continuously, the 24 hours casino table also continuously,
So assume Coderjoe simulation computer need 24hours, to work through the 20k test,
and he start the test at 6am, after he start the test,
he brushes his teeth and take a bath, after dressing up, he take a look at this simulation,
he notice the tens of win, a few losses, and the current bet produces a win...
Then after breakfast, have a look again,
"Ahh, the current a hit, and the tens of win and few losses in between. .",he murmured.
Hours later, take a look again,
After lunch, have a look again,
At 2pm, take a look again,
After evening tea, look again,
After dinner, look again,
After an hour, look again,
in short, he peeks every hourly through the 24hours period.
What he found when he sneak in and peek?
The result when he peeked show win, and only once show loss!
Nothing wrong with the simulation test, it right throughout,
But Coderjoe didn't look at the screen for 24hours continuously!
If he did, then , he looked at losing bets.
He only peeks, intervaly, hourly.
Now in the casino 24hour table, the wheel spins continuosly 24hours,
JL walk in , every few day interval, and win more than he lose,
if he sit at and bet continuosly 24/7/365, well, he loses his underwear, before new year eves!
The real math equation, should be...
What the %, of win/lose,
when JL, sit in and start to bet ONCE, at that particular moment of the day?=1/7