Monte Carlo Simulation Coin Toss Gambling Simulation

Casinos houses operate with many games that favor the house. The odds may be in their favor or perhaps the payouts are not fair. By playing this unfair game over a long period of time, you will be mathmatically inclined to lose money. This program seeks to simulate where you'll end up if the pay-outs are slightly unfair

In this simulation, you will see that flipping a fair coin, with a slightly unfair payout, is guaranteed to lose you money over a long period of time.

The main takeaway is: be the house.

Side notes

If you don't have enough money to match the bet amount, you will bet everything. Payouts are rounded up to the nearest cent.

Try putting in a slightly positive win percentage
Try putting in a break-even win percentage

Wiki: Matthew Effect
Wiki: Law of large Numbers

Starting money ($)

Bet Amount ($)

Payout on win (Heads) (1.00 = 100% Gain)

Payout on loss (Tails) (1.00 = 100% Loss) 1.00

Number of coin tosses

Enable Results Table (Turn off for faster loading)

History
Game #	# Toss	Money Left	Change %