The Gamblers Paradox

Reply #15

Lotterologist — Sun, 19 Apr 2026 20:12:21 GMT

That was profound

Reply #14

Stat$talker — Tue, 14 Apr 2026 04:50:47 GMT

often referred to as the gambler's fallacy

It really should be called the Gambler'z fallacy' z Fallacy ...

Reply #13

Coin Toss — Mon, 13 Apr 2026 23:44:38 GMT

When the casinos put the posts up next to roulette wheels to show the last numbers drawn they experienced a 19% increase in roulette profits.

Reply #12

Stat$talker — Mon, 13 Apr 2026 18:55:06 GMT

It comes handy in justifying lack of winning and peddling certain agendas . I put it on the level of meaningless hearsay that does not stand up to even simple statistics .

Well, Well, Weeeell..! Looks like Ole Playa649'z finally made it back to land, dried his thawghtz off.

Naah wouldja please throw Tucker Black a Life line to save'im?

He seems to think that , the likelihood of 2 +2 equaling 4 iz NUTZ, just cauze it equalled the same thang in the 1st Century ...

Abso Probadic... [ More ]

Reply #11

Player649 — Mon, 13 Apr 2026 17:50:49 GMT

The gambler's fallacy theory looks good as a theory but not so good in reality. For the reason that it has its own fallacy, and a major one. This fallacy comes from the fact that random process and random outcome are different entities, with different applicable rules but the fallacy treats them as the same.

The fallacy emphasizes the fact that events are independent from each other. Its own fallacy lies in that it intentionally ignores outcomes from independent events. Because these outcome... [ More ]

Reply #10

Stat$talker — Mon, 13 Apr 2026 16:32:22 GMT

There'z a difference between a habitual Gambler a Probabilistic Seee r ..!!

GOD ordained everythang'z host, to be called out by itz NUMBER ..which placez a schedule on, yez even RANDOMNESS ..

Stat$talker , often I mitated , but nevaah Duplicated

-Stat$talker

Reply #9

JustMaybe — Sun, 12 Apr 2026 00:09:22 GMT

That is why all I do is walk into the store get my QP and walk out.

That way I am shielded from the gambler's paradox, often referred to as the gambler's fallacy

Good luck to all playing tonight

Reply #8

Tucker Black — Sat, 11 Apr 2026 22:08:11 GMT

While that's true, it only has meaning looking at the results in hindsight. You can't bet on past drawings. You can only bet on future drawings. The probability of any combination coming up in a future drawing is the same.

Reply #7

dr san — Sat, 11 Apr 2026 21:45:20 GMT

But the question is: if a number comes up more often in 100, 200, or 500 draws, it remains the hottest in the frequency statistics; the number that doesn't come up remains cold.

Reply #6

KY Floyd — Sat, 11 Apr 2026 21:26:12 GMT

You can create all the filters you want, but the bottom line is that The gambler's paradox, often referred to as the gambler's fallacy, is the mistaken belief that past independent events influence future outcomes.

Reply #5

dr san — Sat, 11 Apr 2026 20:03:46 GMT

hello TOSS=But if the drawn number is not from the group of delays, long repetitions, or hot or cold numbers, in which group will the number be drawn? We could create a filter, like a minimum/maximum limit for delays, repetitions of previous draws (always updating the draws), and a limit for hot and cold numbers

Reply #4

Lotterologist — Sat, 11 Apr 2026 15:04:39 GMT

The gambler's paradox, often referred to as the gambler's fallacy, is the mistaken belief that past independent events influence future outcome.

Very interesting...

You learn something new everyday

Reply #3

grwurston — Sat, 04 Apr 2026 03:57:04 GMT

Now here is a real pair-a-docs.

Reply #2

Coin Toss — Sat, 04 Apr 2026 03:42:45 GMT

Excellent

Reply #1

Brock Lee — Sat, 04 Apr 2026 02:59:41 GMT

The Gamblers Paradox

Coin Toss — Sat, 04 Apr 2026 02:43:35 GMT

Talke from this what you wil:

Summary

The gambler's paradox, often referred to as the gambler's fallacy, is the mistaken belief that past independent events influence future outcomes. This fallacy leads individuals to think that if a particular event has occurred more frequently than expected in the past, it is less likely to occur in the future, and vice versa.

Understanding Independence

In probability theory, independent events mean that the outcome of one event does not affec... [ More ]