# roulette_pl_calculator_labouchere: Roulette P&L betting based on the Labouchere Betting System In Trading: CCR, Advanced Correlation & Beta Estimates, Betting Strategies

 roulette_pl_calculator_labouchere R Documentation

## Roulette P&L betting based on the Labouchere Betting System

### Description

Calculates the potential profit or loss when someone is betting in the roulette based on the Labouchere Betting System.

### Usage

``````roulette_pl_calculator_labouchere(
bet_minimum,
bet_maximum,
initial_capital,
profit_target,
profit_sequence,
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 `profit_target` The profit amount to be earned `profit_sequence` (Optional) the amounts of the bets to reach this profit amount. If omitted, the minimum betting amount will 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 <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/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_labouchere(bet_minimum = 0.1 , bet_maximum = 3276.8,
initial_capital = 20000, profit_target = 100, profit_sequence = rep(10,10),
simulations_num = 100, trials_per_sim = 100)
summary(pl_results\$min_capital)
summary(pl_results\$max_capital)
summary(pl_results\$final_capital)

``````

Trading documentation built on Feb. 13, 2024, 3 a.m.