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
This is one of my favorite fallacies regarding gambling and betting because gamblers assume each dice roll or each coin flip has some strange or mystical connection with the past ones, so if they start to see there is a pattern being followed by the coin or the dice, then they would start to adjust their wager and strategy according to such pattern, which is completely fake and does not exist.
It is interesting, how gamblers have memory to remember the history of a coin being flipped or a dice being rolled, and we all automatically assume the object itself also has some
kingkind of implicit memory which may lead it to give specific results on the future.
Even though I know it is a fallacy, I could see myself falling for it as well, as many others have.