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Topic: Gambler's fallacy, what do you think? - page 6. (Read 5936 times)

full member
Activity: 126
Merit: 100
March 25, 2015, 03:26:30 AM
#2
I believe ( even true ) that if you win 10 bets on 50% win chance then losing the 11th bet is also 50% , it doesnt reduce, but on the other hand its also that its hard to get 11 loses.
hero member
Activity: 700
Merit: 500
March 25, 2015, 03:24:19 AM
#1


Many gamblers believe that getting further into a loss/win streak becomes less unlikely as the streak's number gets bigger. Gambler's fallacy says that each bet is calcuated individually and only it's chances of win/loss are the ones that count.

Disregard my silly definitions! Read the wikipedia page and tell us what you think about gambler's fallacy.

You can click on the image for a wikipedia link.
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