# @udemy on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=aog2-9gC9MM
- **Gondola URL:** https://gondola.cc/posts/72078162-udemy-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/a477905306.jpg
- **Posted:** 2019-03-27T21:40:08.000+00:00
- **Account Owner:** Udemy (@udemy) — https://gondola.cc/udemy

## Caption

🎲 Ready to unlock one of Excel’s most powerful analysis tricks? Learn how to build a full Monte Carlo Simulation model—no VBA or macros required! 💥

In this advanced Excel tutorial, best-selling instructor Chris Dutton walks you through creating a roulette-style simulation using formulas and data tables. You’ll explore random sampling, simulate thousands of spins, and analyze win rates, payouts, and risk—all from within Excel. This is a must-know technique for analysts, data scientists, and Excel power users!

✨ What you’ll learn:
How Monte Carlo simulation works in practice
Using RAND, RANDBETWEEN & data tables in Excel
Analyzing probability, averages, and outcomes
Real-world applications for forecasting & risk modeling
Building your own Excel roulette simulator from scratch

⏱️ Timestamps
00:00 – What is a Monte Carlo Simulation?
00:42 – Simulating roulette spins in Excel
01:30 – Using RANDBETWEEN to mimic randomness
02:20 – Setting up win/loss logic & payouts
03:50 – Tracking stats: wins, losses, and ROI
04:45 – Using Excel’s Data Table to simulate spins
06:40 – Running simulations with 10 vs. 10,000 spins
09:00 – Real-world use cases for Monte Carlo in business
10:20 – Final thoughts & experimentation tips

🔗 Resources & Related Links
📘 Full Excel Pro Tips Course:
https://www.udemy.com/course/microsoft-excel-pro-tips-for-power-users

👨‍🏫 Instructor Profile – Chris Dutton (Maven Analytics):
https://www.udemy.com/user/maven-analytics/

📚 Explore More Excel Courses:
https://www.udemy.com/topic/excel/

👍 If you found this tutorial helpful, drop a like, share your questions in the comments, and subscribe for more expert Excel insights! 🔔

#MonteCarloExcel #ExcelSimulation #ExcelForDataAnalysis #ChrisDutton #ExcelTips #DataModeling #AdvancedExcel

## Stats

- **Views:** 28,511
- **Likes:** 136
- **Shares:** 0
- **Comments:** 1

## Tags

chrisdutton, excelfordataanalysis, datamodeling, advancedexcel, exceltips, excelsimulation, montecarloexcel

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