Investment
planning using Monte Carlo techniques is becoming more popular.
This simple roulette wheel calculator shows that many spins (scenarios)
are needed before simulation Results match the Expected outcomes. Broad
outcomes like red or black need fewer spins to give reliable results
than do narrow outcomes like a single number or 0-00.
Did
someone break the bank at Monte Carlo? Close, but not really.
A 100 years ago, a British accountant hired
people to watch the roulette wheels and track the outcomes for several
days. He found a bad wheel. The casino knew something was wrong the
first night the accountant won big. The next night they had rearranged
the wheels. He found it again, so they removed it and ordered a new one
from Paris. To see your luck, enter a number
(00, 0, or 1 - 36) below and click Let's Go. This is an American
roulette wheel. In Europe, many do not have the 00 slot (37 outcomes vs.
38).
The text and
calculators on this website are designed to be informational and
educational tools only, and when used alone, do not constitute
investment advice. The results presented by the calculators are
hypothetical and may not reflect the actual growth of your own
investments. The calculators are not intended to be a substitute for
qualified professional advice. Before using these calculators, you must
agree to their Terms
of Use.
