Why Streaks Don’t Change the Underlying Odds

Von Frank Benath

Content The Concept of Independent Events The Gambler’s Fallacy Why Our Brains Get It Wrong The Hot-Hand Illusion Where Streaks Genuinely Differ Don’t Confuse the Two Betting With Clear Eyes Watch any group of gamblers and you’ll hear talk of streaks: the machine that’s running hot, the colour that’s due, the team on a roll.…