What is Gambler's fallacy?
Risk & strategyBelieving a streak must end soon because it has gone on long, when each event is independent.
Think of it like: Thinking a coin "owes" you heads after five tails in a row.
Real example: At Monte Carlo in 1913, roulette landed on black 26 times in a row, and players lost fortunes betting red was "due".
Lesson: The gambler's fallacy Practise it now: Brain Scan Practise it now: Discipline Dojo