Understanding 'gambler's fallacy' in sports betting - PGA TOUR

The gambler’s fallacy, also known as the Monte Carlo fallacy, is the incorrect belief that a certain random event is less likely or more likely to occur based on previous results. Read More

The night the Gambler's Fallacy lost people millions - Gizmodo

The Gambler’s Fallacy goes by a lot of names. It’s the Monte Carlo Fallacy, the Finite Supply Fallacy, or Fallacy of the Maturity of Chances. Whatever it’s called, it loses people a lot of ... Read More

Gambler’s Fallacy - Definition and Examples - ReadWrite

Learn about the gambler's fallacy, its definition, examples, and how it influences decision-making, as well as strategies to avoid it. Casino Open menu Safe Online Casinos ... Read More

Gambler's Fallacy: Overview and Examples - Investopedia

Gambler's fallacy refers to the erroneous thinking that a certain event is more or less likely, given a previous series of events. It is also called the Monte Carlo fallacy, after the Casino de ... Read More

The Mystique of Monte Carlo: Separating Fact from Fiction

The Monte Carlo Casino is a legendary gambling venue that has entertained royalty, high stakes gamblers and professionals alike. Casino de Monte-Carlo is like Disneyland for gamblers. It has all the ... Read More

Gambler's fallacy alters perception of possibility - USA TODAY

Wrong. Not just a little wrong, but disastrously wrong. A large group of gamblers at the famous Monte Carlo Casino found this out the hard way on August 18, 1913. Read More

The Hot Hand Fallacy - Forbes

Ignoring statistics while gambling is referred to as the Monte Carlo fallacy. The name derives from a 1913 incident in which black came up a record 26 times in a row in roulette. Read More