Gambler’s Fallacy? Data, RNGs and Software-Based Casino Games
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Martingale System is a simple and effective way of winning at roulette. Its success depends on the mathematical ‘flaw’ in the payout rates of the basic roulelette game.
The Martingale System is based on the roulette table. It works by placing bets on red, black or odd, and the payout for guessing correctly is 1:1. If you follow the system, you will eventually make a profit. However, it is not infallible and there are risks. The Martedale system is mathematically sound.
Gambler's fallacy is the erroneous belief that if an independent event happens frequently, it impacts the chances of it happening again. If the roulette ball landed on red three times in a row, the next time it will land on black. The chances are exactly the same (about 48.65% for a European roulettes wheel). If lottery numbers were 3, 7, 13, 19, 25 and 41, you would imagine that this combination is less likely to be the winning set the following week.
The RTP (return to player) is the amount that the game pays back to players over time. Top Trumps is a celebrity-inspired casino game. It uses RNG (random number generator) software. Rngs are used to ensure that outcomes are random. In software-based games, the gambler's fallacy is at work. If we win, we believe it is less likely we will win with the same number or spin the next time, and if we lose, it's more likely to win the following time around.
