Casinos and other gambling games have built-in mathematical advantages, so they will make money. Over time, the more you gamble, the more you’ll lose.
Casino games and devices are based on random events or random number generators. Streaks and patterns are entirely random, and the next event is unpredictable and independent of previous events.
Some gamblers begin to have an illusion that their lucky shirt or pushing a button a certain way gives them control, but the games are operated by random devices or cards.
The belief in “winning streaks,” “losing streaks” and “near-misses” is common but in reality, these patterns don’t exist. The next spin, hand, or drawing is random and unconnected to the last – and the casino always has the advantage.
In fact, there is a name for this misconception: the gambler’s fallacy. The gambler’s fallacy is the believe that if something has not happened for a long time, it is bound to happen. Just because a coin has flipped heads nine times in a row, doesn’t mean that it is more likely to flip tails – the chance is still 50/50.