Post
Topic
Board Gambling discussion
Re: The Fallacy Of The Maturity Of Chances
by
Hatchy
on 01/07/2025, 11:37:55 UTC
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
It's all still about being lucky. The probability of you picking a head or tail, anytime you toss that coins if 50/50, but that 50 head and 50 tails would not come at same equal intervals. We may see heads for a long or short period as the case may be, then tails mixed with head or just the tails. It just you trying to predict what the possible outcome would be on a short period. While we do this, we should have in mind the risk Involved and the chance of losing, so you try with best to play safe, managing your risk at the same time.