Roulette Secrets - Can You Get Rich Playing a Game?
Playing roulette in a casino is fantastic fun for me - I just love everything about it - the atmosphere, lights, free drinks and I even win money quite often. I love to gamble but I am very conservative in my gambling - I know that casinos don’t get rich if the odds weren’t in their favour. So when I hear someone talking about the next roulette secret I am always suspicious.
The fact is when I hear or read on the internet about the latest roulette gambling method that can’t lose - I usually find it’s based on either the Martingale system or the Monte Carlo fallacy.
Monte Carlo Fallacy
The Monte Carlo Fallacy or as it’s also known - the gamblers fallacy is simply incredible in that it is survived so many years and still believed by many people. I think the problem is that on the surface it’s so plausible and this is why it ends up being the basis of so many roulette secrets. The idea behind it is that any deviation from the mean will be counterbalanced by an opposite deviation. This means in English that if I spun a roulette wheel 10 times and it came up red each time - you would be expecting black to come up next to equal out the averages. The simple fact is that after 10 red spins (if we ignore the 0s) the likelihood of red coming up is still 50/50. Sure the probability of getting 11 reds in a row is very high but by the time you’ve rolled 10 - the next one is still 50/50. Passed events do not affect future events in a random game like roulette.
The gamblers fallacy is often why people sit for hours marking little cards in casinos studying passed events like how many odds, evens and reds etc have come up. So next time you see 6 black spins on roulette and contemplate putting your title deeds on red for the next spin - remember you are still taking a 50/50 guess.
Martingale System [Read more →]
