Note 19 — Front matter (continued 7)

As there are 36 numbers and one Zero, the chances are one in 37 in favour of the bank over those of the player, or 2.7 per cent., but owing to the refait which places the stakes on even chances into prison when Zero turns up, it reduces the percentage in favour of the bank on those chances to one half that, or 1.35 per cent. As, however, the money staked is turned over and over again, the bank makes 90 per cent. per annum on its total capital invested, which amounts to about twenty million francs annually.