View source: R/roulette_pl_calculator_Labouchere.R

roulette_pl_calculator_labouchere | R Documentation |

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

```
roulette_pl_calculator_labouchere(
bet_minimum,
bet_maximum,
initial_capital,
profit_target,
profit_sequence,
simulations_num,
trials_per_sim
)
```

`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 |

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.

Tasos Grivas <tasos@openriskcalculator.com>

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

```
# 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)
```

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