Gamblers Fallacy Does Not Help Roulette Systems
There is a certain idea that plagues many gamblers, whether they are new to online roulette or online roulette veterans. This idea single handedly chews through the bankrolls of gamblers and online roulette players across the world, whether they are good or bad, young or old.
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.
The reason The Gambler’s Fallacy is able to claim so many victims is that unless one really does some research on the odds The Gambler’s Fallacy makes perfect sense. It takes some further examination in order to discover that The Gambler’s Fallacy is just that.
To demonstrate what I mean I’ll give you two examples, one example showing why it might look like there is no fallacy. I will then give another example going deeper into the odds to show that The Gambler’s Fallacy exists for a reason.
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.
I hope that you now have the tools to never fall prey to The Gambler’s Fallacy ever again. There is nothing that will kill a gambler faster than believing in this fallacy. If you want to do well at online roulette you must understand how The Gambler’s Fallacy works and how it will steer you wrong.
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