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TurboGenius Question about ... The "fallacy" of "Gambler's Fallacy"

Discussion in 'TurboGenius's Forum' started by BETJACK, Jan 4, 2020.

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  1. BETJACK

    BETJACK Active Member

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    Question I need clarification


    I don't understand how to do it?
     
  2. BETJACK

    BETJACK Active Member

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  3. BETJACK

    BETJACK Active Member

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    I want my mind to be turbo-blown...
     
  4. BETJACK

    BETJACK Active Member

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    This is an explanation but I don't understand it ...

     
  5. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Never mind the gibberish up there that you don't understand at which point is the FIRST 25 Dollar bet placed on the Hot number and how often and with or without a martingale ?
     
    Last edited: Jan 4, 2020
  6. albalaha

    albalaha Active Member Founding Member

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    Fallacious thinking lies in the thinking that something is due after something. In a random world, nothing is due after any incident. Although, Regression towards Mean, a statistical concept says that after an extreme bad or good time, result is likely to go closer towards expected value, gradually.
    For example, a 25 steps losses are followed by a win in any EC bet. Fallacy says now 25 wins are likely while believer in RTM would still expect only 12-13 wins in the next 26 trials, that too is only more likely, not due.
     

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