The age old argument continues. The wheel has no memory so past spin cannot affect future outcomes is the essence of a fallacists argument, but you cannot ignore probability, data doesn't lie and can provide useful insight of what to expect, so why do so many still argue otherwise?

The Gamblers Fallacy Fact Or Fiction

Have you ever wondered if those long runs of the same result in a game of chance mean the opposite is due? Is the Gambler's Fallacy fact or fiction? We'll provide you with mathematical insights that debunk this common misconception. In this video we introduce the concept of geometric data, showing how observing patterns can provide valuable information for making predictions in games of chance. We also introduce a coin flipping simulator to explore the predictability of seemingly independent random flips, shedding light on the hidden patterns that emerge from what appears to be randomness. Throughout the video, we compare the results from multiple simulations and demonstrate how larger sample sizes prove there are predictable, repeatable pattens in the data from random independent sequences. The goal is not to be 100% accurate in our predictions, just accurate enough to dissolve the house edge and capitalize on those predictions. As we wrap up, we discuss the complexity of roulette results, where the vast amount of data provides countless opportunities to monitor and analyse geometric data for specific outcomes. So, is the Gambler's Fallacy a fact or fiction? We invite you to share your thoughts in the comments section below. If you're interested in uncovering hidden patterns in roulette data, check out our other videos on the topic, and we hope you enjoy the fascinating world of probability and gaming analysis as much as we do!

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