Archives for December 2011


The Gambler’s Fallacy – Online Casino Tips

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Gamblers are some of the most superstitious people on earth. Sometimes, even just mentioning the word ‘7’ on a craps table can cause some people to stare at you angrily. Some people even bring little trinkets to the casino because they believe that doing so would attract luck. The manner of believing in superstition differs mostly from person to person – but one thing is usually common among most gamblers: belief in the gambler’s fallacy.


About the Gambler’s Fallacy

The gambler’s fallacy refers to players’ belief that the past somehow influences future events in a casino game of chance. It’s easiest, perhaps, to explain by form of an example. Say you were playing roulette and the ball had just landed on the black for five times in a row. You start to think that it can’t possibly land on black again on the next turn, so you decide to bet a large amount on red. Then the ball does the unthinkable and lands on black yet again then you commence a silent episode of cursing the fates for their propensity for irony.
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