# roulette_pl_calculator_martingale: Roulette P&L betting based on a modified martingale strategy In Trading: CCR, Advanced Correlation & Beta Estimates, Betting Strategies

 roulette_pl_calculator_martingale R Documentation

## 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 <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_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.