The important thing to understand and to get your head around is that these are odds over multiple spins. So what happened? Roulette Odds and the Gambler’s Fallacy
The odds of this happening? A mere 1 in 145,000.Īnd this gave name to the Monte Carlo Fallacy, otherwise known as the Gambler´s Fallacy, as the longer the streak went on, more and more people started piling their chips onto red. Now imagine that you were betting the Martingale that day! The odds of seeing that are 1 in 11 million, or thereabouts by the way.Īnother huge streak (this time on black) was seen by the players at the Casino in Monte Carlo who saw 26 blacks in a row on the table on 18 August 1913. The longest number of reds in a row was recorded in an American Casino in 1943 when 32 came up in a row. But that doesn’t mean it isn’t going to happen. Pretty low odds that you´ll ever see this, in other words. A two hundred times wagering requirement applies on all bonuses and certain games contribute a different percentage to the wagering requirement.
