roulette_pl_calculator_martingale: Roulette P&L betting based on a modified martingale strategy

In Trading: CCR, Advanced Correlation & Beta Estimates, Betting Strategies

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)

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