No, you are wrong, that is not the gamblers fallacy and you are wrong thinking martingale works at short term because it doesnt, the term does not matter, no strategy works at short, mid or long term.
No, that is Gamblers Fallacy....
DEFINITION of 'Gambler's Fallacy' When an individual erroneously believes that the onset of a certain random event is less likely to happen following an event or a series of events. This line of thinking is incorrect because past events do not change the probability that certain events will occur in the future.
So him saying if short term is good, or past events(martingale short term) Past events do not change the probability of certain things happening in the future.
I am defining short term in this case as this: say I have .01 coins. I want to gain .00001 coins. If I played martingale with a base bet of .000001. I would need to win 10 times before losing 9 in a row. Your odds are pretty damn great you are going to win 10 times before you lose 9 in a row.
Yes and playing at 99% odds its pretty damn good odds as well but that doesnt mean it works on short term, the odds are always going to be 99% no matter how much you play.