Author Archives: gambler

red die being rolled on poker table

The Gambler’s Fallacy: An In-Depth Look

Let’s imagine you are partaking in a coin toss, and every time, the coin lands on tails and never on heads. While betting on which side it will land on next, it is customary to assume that it will be on tails, but then unexpectedly, it ends up landing on heads. This assumption that it […]