| roulette_pl_calculator_specific_number {Trading} | R Documentation |
Roulette P&L betting on a specific number
Description
Calculates the potential profit or loss when someone is betting on a specific number in the roulette and keeps doubling every eighteen spins if the number hasn't appeared yet.
Usage
roulette_pl_calculator_specific_number(
bet_minimum,
bet_maximum,
initial_capital,
targeted_number,
simulations_num,
trials_per_sim,
stop_loss
)
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 |
targeted_number |
The specific number that we expect to be drawn (statistically speaking, this should have zero effect on the results) |
simulations_num |
The number of simulations to be run |
trials_per_sim |
The number of trials in each simulation |
stop_loss |
(Optional) The number of spins after which the betting amount will go back to the minimum if the targeted number hasn't appeared. |
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 <tasos@openriskcalculator.com>
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 or 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_specific_number(bet_minimum =0.1 , bet_maximum = 3276.8,
initial_capital = 20000, targeted_number = 0, simulations_num = 100,
trials_per_sim = 100, stop_loss = 180)
summary(pl_results$min_capital)
summary(pl_results$max_capital)
summary(pl_results$final_capital)