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 Gambler’s Fallacy is one thing you must be on constant guard against. This fallacy has been making players and gamblers make terrible bets, over and over again. Is has been around for centuries and is not going to go away anytime soon.
To sum it up quickly The Gambler’s Fallacy is the wrongly held belief that past random acts of probability will influence future random acts of probability. For example if a coin is flipped three times in a row and lands on heads, the next flip is not more likely to be tails.
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.
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.
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.
For this experiment we need to pretend that there is no zero on the online roulette table, it simply makes the math easier. Picture the ball landing on an even number, the odds of this happening are 50%. Now picture the ball landing on an even number twice in a row, the odds of this happening are less than 50%. This is what makes it look like the ball is more likely to land odd after going even. However if you do the math you will find that the ball going even and then even again is just as likely to happen as the ball going even and then odds.
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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