The gambler’s fallacy is an important example of betting jargon and one that describes a common and problematic mindset that may impact your decision-making when gambling online. This is also known as ...

Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...

Forbes contributors publish independent expert analyses and insights. Bryce Hoffman writes about leadership, strategy, and decision making. The gambler’s fallacy is ...

Milad Haghani does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

The Gambler’s Fallacy feels perfectly logical in the heat of it. Think about how many times you have watched a streak, and a little voice started saying a change is due. That idea can snowball into ...

“It is impossible to approach the gambling table without becoming infected with superstition,” writes Alexei Ivanovich, the Russian tutor in Dostoyevsky’s powerful novella The Gambler. Even Alexei’s ...

We are surrounded by random events every day. Will the stock market rise or fall tomorrow? Will the next penalty kick in a soccer match go left or right? Will your lottery ticket finally win? Often, ...