Tag Archive: Fibonacci

If you're going to be playing roulette, whether online or in a land-based casino, it's important to recognize that the game functions solely on luck. Yet in spite of this, many players persist in believing that there are a number of betting strategies that can help them win. These include Martingale, Fibonacci, Labouchere, and D’Alembert. Players will claim that these systems allow them to beat the house. However, it's harmless to try them, providing you don't take them too seriously.

Take a stroll around the gaming floor of any land-based casino and take a look at the roulette tables. They all display the previous 50 or so numbers that have come up. You'll notice that many players will have notebooks and calculators at hand as they search for some hidden pattern in these figures. In truth, we all know that deep down, this is madness. Every spin of the wheel is an independent event with no connection to any spins that have gone before. Better known as the Gambler's Fallacy.

Go on the internet, and you'll find any number of betting systems. And though the numbers might look good at first glance, they are not based on logic or mathematics. If you find yourself losing bet after bet, then you might be tempted to fall back on one of these negative progression betting systems. We suggest that you don't do it, as within just a few hands you could be very well much worse off. Whatever you do, never chase losses as this will lead to many serious problems in the future.

Ask a stock market trader if he's just gambling and we're sure you'd receive a rude answer. So when comparing a casino gambler with a stock market speculator we have to ignore the results. We should look at their methodology. With the gambler, there are no hard facts, just luck and a "feeling". For the speculator, things are a lot different. For a start that's not his money to burn, but rather belongs to his clients. If he lost it all through rash buying, then he would be quickly out of a job.