Quote:
Originally Posted by Wizard of Odds
I genuinely mean no disrespect, but, IMHO, you just seem to be restating The Gamblers' Fallacy in various different guises as if it were actually True.
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Hey Wiz,
No issue healthy discussion.
I'm just saying that the Gambler's Fallacy is based on a fair game (i.e. evenly weighted coin, dice not loaded, etc.)
Take the NY Pick3 State Lottery for example, you can go on the NY State lottery website download all of the numbers that came out and if the number 3 appeared more times than in others you can't make a case and say that it will continue to happen or that the other numbers are due.
There is complete transparency, the information is published freely online and they don't care that people know about it because the information won't increase anyone's chances of winning.
In those instances, one outcome has no effect on the other. The outcome of 14 number 4's in a row doesn't mean the 4 has more of a chance than the other numbers on the die.
What I'm saying, is that just in case the games aren't fair there may very well be a reason why the 4 is coming out more times than others maybe the dice are loaded who knows.
My point is that the most casinos as well as other gambling institutions are not transparent about their data and it makes me wonder about the fairness of their games
To that end, I track the data to see where it leads and if the game is not fair I believe that knowing the data gives you an advantage more so over someone that doesn't.
