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Winning 12 Spins in a Row at 5x

The chance of 12 winning spins in a row at 5x on the Wheel is 1.16 × 10-7%, or 1 in 864.43 million. At 5x a single spin wins 18% of the time.

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The odds of 12 wins in a row

MeasureValue
Chance of one win at 5x18%
Chance of 12 wins in a row, starting from a given spin1.16 × 10-7%
Odds1 in 864.43 million
Spins to wait for it, on average1.05 billion
Chance it happens at least once in 100 spins8.46 × 10-6%
Chance it happens at least once in 500 spins4.64 × 10-5%
Chance it happens at least once in 1,000 spins9.38 × 10-5%
Chance it happens at least once in 10,000 spins9.48 × 10-4%
Profit across the streak at 1 per spin48
Returned if the streak had been compounded (each win staked again)244.14 millionx the first stake

The average wait counts spins until the first run of 12 wins is completed. It is an average over many players, and any individual can see it on their first 12 spins or never. The "at least once" figures are exact: they account for a run starting on any spin, not just the first.

What it means

A streak of 12 wins has a probability of 18% to the power of 12, which is 1.16 × 10-7%. Any one run of 12 spins is unlikely to do it, but over 500 spins the chance it shows up at least once is 4.64 × 10-5%.

A hot streak does not make the next spin likelier to win. After 12 wins the chance of another is still exactly 18%. Each spin gets its own provably fair roll, so there is no momentum to ride and no balance to correct. The belief that a winner is due to lose, or keeps winning, is the gambler's fallacy and the hot-hand fallacy: two sides of the same mistake.

A streak is a good moment to stop, not to raise the stake. The expected return is 90 per 100 staked whatever just happened, so winnings at risk on the next spin are expected to shrink on average. Deciding in advance when you will cash out is the only part of this you control.

Related

Every spin can be checked. The roll for each Wheel spin comes from an HMAC of a server seed committed in advance, your client seed and a nonce, so the result cannot be chosen after you bet. How to check one is on the provably fair page.