Another test

Another day…

Here’s the list of the 20 most common gambling fallacies in four categories: cognitive distortion, superstition, attribution biases, probability biases, and control over luck.

The Hot or Cold Hand Fallacy

In the context of casino games, devices such as roulette wheels, slot machines, and dice for instance have been engineered to produce random outcomes. Assuming a fair (untampered-with) roulette wheel, the previous outcome wouldn’t have any influence on the future outcome.

The ball repeatedly landing on black after a few spins doesn’t increase or decrease the chance of it landing on black next time. The probability of the ball landing on black, red, or green remains the same in the next round as it was before.