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 thing you must be fearful of is called The Gambler’s Fallacy. The Gambler’s Fallacy is the number one cause for many gamblers downfalls. The Gambler’s Fallacy is nothing new either; it has been around for as long as mankind has been making bets.
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 idea that the roulette table has some sort of memory and makes things balance out is entirely false. The roulette table does not care about what the last spin was, and before every spin the odds are reset to what they normally are.
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.
To show why The Gambler’s Fallacy is an easy trick to fall for I’ll lay out some math. After laying out the math I’ll show where most people go wrong in their assessment and then I will show the correct approach to the issue.
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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