Monte Carlo Simulations with The Staking Machine

Monte Carlo Simulations in The Staking Machine (TSM) offer a powerful way to evaluate the performance and risk of various staking plans by simulating different bet order scenarios. This feature allows bettors to shuffle their bet data up to 100,000 times to analyse the outcomes under different sequences.

Monte Carlo Simulation are always advised before making any staking plan changes. By shuffling the order of the bets and recording if the sequence caused bankrupcty we can accurately provide a bankruptcy risk percentage. For instance, if we run 1000 simulations and 100 went bankrupt (calculated stake greater than cumualtive total) then we can say we have a 10% Bankrupcty Risk. 

Sometimes a simple tweak  such as reducing the intial percent to bet or increasing the inital start bank can eliminate any bankrupty risk. 

Results can also be displayed in Graph Form (Frequency Distribution Bar Graph). This can be a great visual help in understanding our results. What percentage of simulations made good profits? How many struggled to even make a profit?