Roulette Gaming Fallacies

Roulette Gaming Fallacies

Roulette remains one of the world’s most fascinating casino table games. For the quintessential casino player, here is a game that brings all the possibilities of incredible winnings to the fore. The game obeys all the laws of RNG gaming, namely that every successive outcome is independent of the prior outcome.

Even in all of that randomness, there are online roulette players who believe that the systems that have created these ‘Random Number Generators’ are in fact comprised of algorithms that adhere to specific and identifiable patterns. Various online gaming programs – some of questionable admissibility status –are employed to anticipate outcomes of roulette spins.

Food for Thought

It was reported in the gambling literature that on the 14th July 2000 at 13h35 at Caesars Palace in Las Vegas, the number 7 was hit in a game of American Roulette, 6 times in a row. The roulette table in question was wheel number 211. Statisticians have calculated that the odds of that occurring are 3 x 109 :1 but the most startling fact is that the casino purportedly lost only $300 that afternoon.

The fact that more players bet on numbers other than 7 each time it came up gives rise to the what is known in the literature as ‘Gambler’s Fallacy.’ In the simplest terms possible, gambler’s fallacy is the conviction that the odds of an outcome occurring change after a series of preceding events. This is best illustrated in the above example where 7 kept on coming up. It’s also possible that if red were to hit multiple times, gamers would likely also believe that black is more likely to come up in subsequent outcomes. It is also gambler’s fallacy to believe that because red is being hit, that somehow it makes more sense to place more money on red in subsequent spins.

How Best to Interpret Gambler’s Fallacy

Whether a number or a colour appears ‘hot’ is of little consequence. There is no proven methodology to anticipating the future outcomes of roulette spins. For example, players wanting to know the odds of red hitting on an American roulette table are 47.36%. or 18/38. Note there are 38 numbers but the 0 and the 00 are both green.

Here’s a roulette fact: the odds of hitting red are always 47.36% on every spin!

Many online casino players and traditional roulette casino players are of the opinion that the Martingale System is a terrific option to employ when playing roulette. The truth of the matter is that this particular system and others are good for short-term gaming only. At the end of the day in the long term – according the law of diminishing returns, it’s always the casino that gets the last laugh. This is especially true in games with a high casino house edge.

The best advice is to increase your odds by switching from American roulette to European roulette. This move will effectively slice the casino’s edge by 50% and gift it to you. Recall that the house edge in European roulette is 2.70% which means that in the long term, every $200 wagered will result in a player loss of $5.40. The good news is that in the short-term, anything is possible!

 

 

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