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
Yeah that is one of the most common traps that people do themselves especially when they chase their losses. They begin to think that the next bet has a higher chance of winning simply because they already are losing but the odds do not run so. Spin or flip is a distinct event and it has equal probabilities each time. All of it is just luck, and previous outcomes do not amass any form of invisible momentum. Such type of thinking is what makes a significant number of individuals remain in a losing game without even noticing.