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Be mindful of the gambler's fallacy from "summary" of The Art of Thinking Clearly by Rolf Dobelli
In the casino, there is a trap waiting for you: the gambler's fallacy. It is the belief that past random events can influence future random events. Let me explain. Suppose you are playing roulette and the ball has landed on black ten times in a row. You may start to think that red is "due" and bet on red. This is a mistake. The ball has no memory. Each spin is independent of the last. The odds are always the same: 18/37 for red, 18/37 for black, and 1/37 for zero. The same goes for a coin toss. If you toss a coin and it lands on heads five times in a row, the chance that it will land on tails the next time is still 5...
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