It's easy to see where most people get their ideas about probability, and why most of them are wrong. The Gambler's Fallacy is the belief that a random event can have an effect on another random and totally independent event. It can't!
There are a lot of silly and feeble-minded people in the world. Some are superstitious when it comes to casino gambling games. They believe that certain ritual and objects will make them winners. Funny why they continue to believe if they never win!
Expected value is the means whereby you'll discover whether a bet is worth taking or not. Once you can calculate this, then you can bet where ever you find value, even on the losers. Remember that you're a for-profit bettor and this is another toll for your arsenal.
We can all read and hear about the phrase "house edge" which is used all the time in regards to gambling. But just what is this "house edge", how do I calculate it and how does it affect your gambling experience?
So, who can say what the odds of losing six hands in a row are? Or five hands? Or Eight Hands? Many novice gamblers ask this question. And though the question in itself is harmless enough, the underlying reason for asking is not. Those who are asking, are already going down a road that blackjack players should avoid.