Gamblers Fallacy Does Not Help Roulette Systems

There is one thing that will destroy you if you are not careful. I’ve seen this one thing completely annihilate the bankrolls of new players to online roulette studs. It doesn’t matter if you have been around forever, or if you are just starting out.

The one thing that I’m talking about is known as The Gambler’s Fallacy. The Gambler’s Fallacy has been tricking players into making bad bets for centuries, possibly longer than that. If you take your money seriously you must be constantly vigilant against The Gambler’s Fallacy.

To give you a quick idea of what The Gambler’s Fallacy is imagine that the ball of a roulette wheel has landed on odds several times in a row. Somebody suffering from The Gambler’s Fallacy would then begin betting on evens thinking that the ball is now more likely to land on evens because it has landed on odd so many times already.

The table does not have a memory, and it doesn’t matter what the past spins resulted in. Many people try to use past spins as an indicator for future spins when in reality this does nothing at all. Past spins have no bearing on what future outcomes will be.

What makes The Gambler’s Fallacy so deadly is that if somebody who is not versed in mathematics looks at a simple version of the odds it would appear that there is no fallacy. The math would indicate that no such fallacy exists.

Most people look at the math and then make wrong conclusions from the brief overview of the odds. This would make it look like there is no Gambler’s Fallacy. But I will show you where they go wrong, and how to look at the odds properly.

Imagine that zero is not a factor at the online roulette table. This would make the odds of the ball landing on red 50%. Now if one looks at the math they will see that the chance of the ball landing on red is smaller than 50% and for three times it is even smaller, and so forth. So the chance of the ball landing on red several times in a row is drastically smaller than 50%, and the odds of the ball landing on black are 50%. So at first it looks like it is way more likely to go black after several reds. But when the math is done the odds of the ball going red, red, red, black and red, red, red, red are exactly the same.

There is no reason that The Gambler’s Fallacy should destroy your bankroll. However it will as soon as you let it. If you want to do well at online roulette you must take this threat seriously otherwise it could completely and utterly destroy you.

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