roulette_pl_calculator_martingale {Trading}

Roulette P&L betting based on a modified martingale strategy

Description

Calculates the potential profit or loss when someone is betting in the roulette based on the martingale system while trying to reduce the risk by 1. Starting to double after the first loss 2. Not doubling if the second number is zero.

Usage

roulette_pl_calculator_martingale(
  bet_minimum,
  bet_maximum,
  initial_capital,
  simulations_num,
  trials_per_sim
)

Arguments

bet_minimum

The minimum betting amount that the casino allows

bet_maximum

The maximum betting amount that the casino allows

initial_capital

The initial capital to be used

simulations_num

The number of simulations to be run

trials_per_sim

The number of trials in each simulation

Value

A list containing the minimum, the maximum and the final balance for each simulation. Also the P&L graph for the last simulation will be plotted.

Author(s)

Tasos Grivas <[e-mail]>

References

https://en.wikipedia.org/wiki/Roulette#Betting_strategies_and_tactics

Examples

# This software is covered by GPL license and provided strictly for educational
# reasons (no actual investment/betting decisions should be taken based on this)
# On top of these, the below example contains a tiny number of simulations and
# trials just to pass CRAN tests - the user would have to highly increase both
# variables when running these.
pl_results = roulette_pl_calculator_martingale(bet_minimum = 0.1 , bet_maximum = 3276.8,
initial_capital = 20000, simulations_num = 100, trials_per_sim = 100)
summary(pl_results$min_capital)
summary(pl_results$max_capital)
summary(pl_results$final_capital)