Golden Lyre

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.

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 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 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.

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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