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.

In a nutshell The Gambler’s Fallacy is the false belief that past events will influence future events when in reality they do not. An example would be that many players think that if the ball lands on red five times in a row that they should bet on black since it is bound to land on black sooner than later.

The notion that the table remembers what the last spin was is entirely incorrect. The table isn’t concerned with what the last result was, the odds are always consistent. The table does not remember a thing; the only thing that really matters is the math.

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 there is no zero at an online roulette table. This would mean that there is a 50% chance of landing on black, now the odds of a ball landing on black twice in a row is smaller than 50%, and the odds of it landing on black three times in a row is even smaller. So on the surface it looks like the more times it lands on black the less likely it is to land on black again. However if you look deeper the odds of the ball landing on black three times and then red one time matches up with the odds of the ball landing on black four times.

Now that you know that The Gambler’s Fallacy will steer you the wrong way you can now improve your online roulette play. There’s no reason to let an idea suck away funds from your bankroll. Your bankroll should be for online roulette, not for feeding a gambling horror.

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