The Fallacy of the maturity of chances is a common mistake among gamblers.
Some gamblers always think past events affects future outcomes.
For example, if a coin is lands heads up several times, some people
Think it's more likely to land tails up next.
But each coin flip is independent and the probability of heads or tails is always 50/50
If gamblers chose to believe that past event can affect the outcome of the future then they have their reason for that. Human believe more of what they witnessed than what has not been witnessed. For example if me A should fight with mr B for 3 conservative times and win, people will likely believe me A to have a greater chance of winning in the next 2 to 3 round again since they believe in the last winner forgetting that the loser may decide to pick a fight back to win by all means which will
eventuallyaleeventually make him practice alot
, and may later win. But that part is not seen, perhaps this
thelreis the more reason why most big odd win against small because people usually generalized and summarize things too quickly
without seeing from another angle.