How Does the Gambling Fallacy Affect You in Australia?
Oliver Moore / 3 January 2022

What is the Gambler’s fallacy as a concept?

Gambler’s fallacy definition in easy words: Would you ever bet on black based on the last few red spins when you walked past a roulette table? The player’s misconception is that you will be a victim if you do this and believe it to be true. The gambler’s fallacy is the one that always comes up among the “systems” and “superstitions” that people have about how to win at gambling.

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