Quote Originally Posted by WillTheNinja View Post
You're the victim of a very common mis-perception in probability, the so called 'memoryless' random independent event.
Exactly.

I like to think of it like a roulette wheel.

The previous spins have no bearing on the next spin.


Casinos try to trick/manipulate people into attempting to see some type of pattern by displaying the results of the last 20-100 spins... but, that's not the case at all.

Just because the number 3 hasn't hit in 90 spins, it doesn't mean that it's "due" to hit 3. Nor does it mean that 3 is a "cold" number and you should not wager on it.

Just because the number 7 has hit 5 times in the last 20 spins, it doesn't mean that it's any more or less likely to hit on the next spin. It's not a "hot" number, it's just a number on the wheel.

You have the same probabily of hitting a winning wager on 3 as you do of hitting a winning wager on 7. Previous spins don't factor into the next spin in any way.