A new investing app called Yotta Savings has made headlines recently for their unconventional form of earning interest for their customers. Yotta offers a 0.2% annual return when keeping your money with them, which isn’t the best option compared to some of the other top savings accounts right now, but Yotta does offer a unique feature that these other banks don’t.
One of the most common pieces of advice heard in the world of investing and the stock market is the phrase “buy low, sell high”, and many people believe that buying the dips in the market trends is how you can complete step one: buying low.
I recently came across this post by the Instagram page ChartRDaily which shows how well the market has done on days after drops of 2% or greater.
Benford’s Law is a mathematical phenomenon which has shown that numbers are much more likely to start with smaller digits, such as a 1 or a 2, compared to larger digits such as an 8 or a 9. This pattern has shown up all over the place, from social media websites to stock market data and has even been used to detect fraud or manipulated tax returns. If you’d like to see a further breakdown and analysis of these real life examples of Benford’s Law, you can check out my YouTube video here.
In this article, we’re going to be looking at the popular casino game of roulette and debunking various betting strategies designed to increase your odds of walking away a profitable gambler. We will go over how to simulate each of these methods in Python, while also pointing out the key differences between their effects on your bankroll over time.
So let’s dive in! In American Roulette, there are 18 red pockets, 18 black pockets, and 2 green pockets that the ball can fall into after spinning around the wheel.