{"id":19646,"date":"2024-05-13T10:52:22","date_gmt":"2024-05-13T10:52:22","guid":{"rendered":"https:\/\/safestbettingsites.co.uk\/?page_id=19646"},"modified":"2024-05-13T10:52:22","modified_gmt":"2024-05-13T10:52:22","slug":"the-gamblers-fallacy-what-it-is-and-how-to-avoid-it","status":"publish","type":"page","link":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/","title":{"rendered":"The Gambler\u2019s Fallacy &#8211; What It Is and How to Avoid It"},"content":{"rendered":"<p>The Gambler\u2019s Fallacy is a form of cognitive bias. It leads a bettor to believe that an outcome has a greater chance of happening than it really does. In this guide, we explain how this common fallacy works, why it is dangerous, and how you can avoid falling for it.<\/p>\n<div id=\"toc_container\" class=\"no_bullets contracted\"><div class=\"toc_toggle\"><div class=\"toc_arrow\"><svg width=\"24\" height=\"24\"  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\"><circle cx=\"12.06\" cy=\"12.06\" r=\"11.8\" fill=\"#1C2642\"\/><path d=\"M6,10.45l6,6,6-6\" fill=\"none\" stroke=\"#fff\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\"\/><\/svg><\/div><div class=\"toc_title\">Table of contents<\/div><\/div><ul class=\"toc_list\"><li class=\"toc_menu_level_1\"><div class=\"heading-box level_1\"><div class=\"heading-box-border level_1\"><a href=\"#Gamblers_Fallacy_Explained\">Gambler\u2019s Fallacy Explained<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_1\"><div class=\"heading-box level_1\"><div class=\"heading-box-border level_1\"><a href=\"#Gamblers_Fallacy_Example\">Gambler\u2019s Fallacy Example<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_1\"><div class=\"heading-box level_1\"><div class=\"heading-box-border level_1\"><a href=\"#Hot_Hand_Fallacy\">Hot Hand Fallacy<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_1\"><div class=\"link-content-box\"><div class=\"heading-box level_1\"><div class=\"heading-box-border level_1\"><a href=\"#Why_the_Gamblers_Fallacy_is_Dangerous\">Why the Gambler\u2019s Fallacy is Dangerous<\/a><div class=\"toggle_menu_arrow\"><svg width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M16 18.6665L20 22.6665L24 18.6665\" stroke=\"#1C2642\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg><\/div><\/div><\/div><ul class=\"child_toc_menu level_1\"><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#Gamblers_Fallacy_in_Horse_Racing\">Gambler\u2019s Fallacy in Horse Racing<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#Gamblers_Fallacy_in_Football\">Gambler\u2019s Fallacy in Football<\/a><\/div><\/div><\/li><\/ul><\/li><li class=\"toc_menu_level_1\"><div class=\"link-content-box\"><div class=\"heading-box level_1\"><div class=\"heading-box-border level_1\"><a href=\"#How_to_Avoid_the_Gamblers_Fallacy\">How to Avoid the Gambler\u2019s Fallacy<\/a><div class=\"toggle_menu_arrow\"><svg width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M16 18.6665L20 22.6665L24 18.6665\" stroke=\"#1C2642\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg><\/div><\/div><\/div><ul class=\"child_toc_menu level_1\"><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#Understand_Odds_and_Probabilities\">Understand Odds and Probabilities<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#Remember_That_Events_Are_Independent\">Remember That Events Are Independent<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#Learn_to_Be_Objective\">Learn to Be Objective<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#Look_Through_Past_Results\">Look Through Past Results<\/a><\/div><\/div><\/li><\/ul><\/li><li class=\"toc_menu_level_1\"><div class=\"heading-box level_1\"><div class=\"heading-box-border level_1\"><a href=\"#Conclusion\">Conclusion<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_1\"><div class=\"link-content-box\"><div class=\"heading-box level_1\"><div class=\"heading-box-border level_1\"><a href=\"#FAQs\">FAQs<\/a><div class=\"toggle_menu_arrow\"><svg width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M16 18.6665L20 22.6665L24 18.6665\" stroke=\"#1C2642\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg><\/div><\/div><\/div><ul class=\"child_toc_menu level_1\"><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#What_is_the_Gamblers_Fallacy\">What is the Gambler\u2019s Fallacy?<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#What_is_an_example_of_the_Gambler8217s_Fallacy\">What is an example of the Gambler&#8217;s Fallacy?<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#Is_Gambler8217s_Fallacy_true\">Is Gambler&#8217;s Fallacy true?<\/a><\/div><\/div><\/li><li class=\"toc_menu_level_2\"><div class=\"heading-box level_2\"><div class=\"heading-box-border level_2\"><a href=\"#Is_Gamblers_Fallacy_a_cognitive_bias\">Is Gambler\u2019s Fallacy a cognitive bias?<\/a><\/div><\/div><\/li><\/ul><\/li><\/ul><\/div>\n<h2><span id=\"Gamblers_Fallacy_Explained\">Gambler\u2019s Fallacy Explained<\/span><\/h2>\n<p>This particular bias, which is also referred to as the Monte Carlo fallacy, is widespread. In fact, if you don\u2019t have it yourself, you\u2019re certain to know someone who does. To find out if you have it, consider the following scenario:<\/p>\n<p>A coin is tossed seven times. On each toss, the coin shows Heads. Now, if you were asked to bet on the next toss of the coin, would you bet on Heads or Tails showing? Most people would choose to side with Tails. That\u2019s because they have fallen for the Gambler\u2019s Fallacy. They believe that, with Heads already having shown up seven times in a row, Tails is now much more likely to show up on the eighth toss of the coin.<\/p>\n<img decoding=\"async\" class=\"size-full wp-image-19649 aligncenter\" title=\"Coin\" src=\"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg\" alt=\"Coin\" width=\"1024\" height=\"697\" srcset=\"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg 1024w, https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin-300x204.jpg 300w, https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin-768x523.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\n<p>Of course, that isn\u2019t the case at all. The odds of Heads or Tails showing on any honest coin toss are always the same. But our human brains can\u2019t help believing that the preceding results in some way have an influence on the results to come.<\/p>\n<h2><span id=\"Gamblers_Fallacy_Example\">Gambler\u2019s Fallacy Example<\/span><\/h2>\n<p>Let\u2019s give you a real-world example of the Gambler\u2019s Fallacy in action. We\u2019ve said that it is also known as the Monte Carlo fallacy, and that\u2019s because of something that happened at the Casino de Monte Carlo in 1913. On that occasion, a series of black numbers started winning at the roulette wheel. There were five black numbers in a row, then six, then seven.<\/p>\n<p>The gamblers at the wheel soon started betting on red, with increasing certainty that a winning red number was just a spin or two away. But it wasn\u2019t. The sequence of black numbers extended to 10, 15, 20 and more. The streak of black numbers eventually extended to 26 in a row, and the people who were betting on red lost millions.<\/p>\n<h2><span id=\"Hot_Hand_Fallacy\">Hot Hand Fallacy<\/span><\/h2>\n<p>When a run of results happens to be going in your favour, you could just as easily fall for the Hot Hand Fallacy. This is where the previous results lead you to believe that you\u2019re on a \u2018lucky streak\u2019 and that you have more chance of winning than you really do.<\/p>\n<p>Consider someone who rolls a die and bets on the number shown being odd. He rolls an odd number three times in a row and begins to feel that Lady Luck is on his side. He might then respond to his betting bias by deciding to increase the size of his subsequent bets to try and make the most of his \u2018purple patch\u2019.<\/p>\n<img decoding=\"async\" class=\"size-full wp-image-19650 aligncenter\" title=\"Dice\" src=\"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Dice.jpg\" alt=\"Dice\" width=\"1024\" height=\"537\" srcset=\"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Dice.jpg 1024w, https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Dice-300x157.jpg 300w, https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Dice-768x403.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\n<p>If this streak were to continue, his false belief that his chances of winning are particularly favourable would only get stronger, and he might continue raising his stakes as a result. But, once again, his belief has no basis in reality. The odds of him winning or losing on the next roll of the dice are always the same, no matter how successful his previous rolls were.<\/p>\n<div class=\"su-note\"  style=\"border-color:#d6d6d3;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#f0f0ed;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<p><strong>Note:<\/strong> For those of you who are interested in studying this topic in more depth from an academic perspective, we recommend <a href=\"https:\/\/scholar.harvard.edu\/files\/rabin\/files\/ghfta_resf.pdf\" target=\"_blank\" rel=\"noopener\">this paper from The Review of Economic Studies<\/a> and <a href=\"https:\/\/www.stat.berkeley.edu\/~aldous\/157\/Papers\/croson.pdf\" target=\"_blank\" rel=\"noopener\">this one from the Journal of Risk and Uncertainty<\/a>.<\/p>\n<\/div><\/div>\n<h2><span id=\"Why_the_Gamblers_Fallacy_is_Dangerous\">Why the Gambler\u2019s Fallacy is Dangerous<\/span><\/h2>\n<p>Now that you are familiar with the Gambler\u2019s Fallacy meaning, it should be quite clear that it is something potentially dangerous. That\u2019s because it leads people to bet with the false assumption that an event is more likely to happen than it really is.<\/p>\n<div class=\"su-note\"  style=\"border-color:#d6d6d3;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#f0f0ed;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h3><span id=\"Gamblers_Fallacy_in_Horse_Racing\">Gambler\u2019s Fallacy in Horse Racing<\/span><\/h3>\n<p>Those of you who have spent any time at all in betting shops will have seen this take place in person. Think of those who like to <a href=\"https:\/\/safestbettingsites.co.uk\/horse-racing\/\">bet on horse racing<\/a> and watch the market favourite lose in each of the first five races of the day. In most betting shops, you\u2019d then see plenty of punters better higher amounts on the market favourite in the sixth race. If you were to ask why, they would tell you that it\u2019s because a favourite is now \u2018due\u2019 to win. As if they\u2019d never considered the possibility that they might go through the entire racecard without a winning favourite.<\/p>\n<\/div><\/div>\n<div class=\"su-note\"  style=\"border-color:#d6d6d3;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#f0f0ed;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h3><span id=\"Gamblers_Fallacy_in_Football\">Gambler\u2019s Fallacy in Football<\/span><\/h3>\n<p>A similar situation can be seen among football bettors, both in betting shops and at <a href=\"https:\/\/safestbettingsites.co.uk\/football\/\">football betting sites<\/a>. If a certain team wins four matches in a row, some will automatically start betting on the opposition, assuming that the winning run must soon end. Fans of the winning team, by contrast, might fall for the Hot Hand Fallacy and bet more than they normally do, assuming that the winning streak is sure to continue.<\/p>\n<\/div><\/div>\n<p>Both of these positions are wrong because they are based on false assumptions. Watching five favourites in a row lose their races doesn\u2019t give the sixth favourite a better chance of winning. And seeing a football team win four matches in a row won\u2019t improve their chances of winning the fifth. Sure, they might have a bit more confidence, but they still need to be better than the opposing team on the day of the match, and that\u2019s never guaranteed.<\/p>\n<p>In short, the Gambler\u2019s Fallacy is dangerous because it leads people to bet on false assumptions and often to bet with larger amounts than the outcome warrants.<\/p>\n<div class=\"list_how_to\" id=\"how-to-how-to-avoid-the-gamblers-fallacy\" >\n    <h2 class=\"list_how_to__title\"><span id=\"How_to_Avoid_the_Gamblers_Fallacy\">How to Avoid the Gambler\u2019s Fallacy<\/span><\/h2>\n    <p class=\"list_how_to__description\">Just being aware of the Gambler\u2019s Fallacy and how it works will help you to avoid falling for it hook, line and sinker. But there are some other things that you can do to make yourself less susceptible to this kind of cognitive bias. Here are four suggestions to consider:<\/p>\n    <div class=\"list_how_to__list_wrapper\">\n        <ol class=\"list_how_to__list\">\n            <li class=\"list_how_to__item\"><h3 class=\"list_how_to__item_title\"><span id=\"Understand_Odds_and_Probabilities\">Understand Odds and Probabilities<\/span><\/h3><div class=\"list_how_to__item_text\">The first thing we recommend is that you get a good understanding of odds and probabilities. You might already have this, but if not, take a look at our <a href=\"https:\/\/safestbettingsites.co.uk\/guides\/betting-odds-explained\/\">Betting Odds Explained<\/a> guide. It will tell you how odds work and how you can figure out the implied probability of an outcome taking place according to the price being offered by <a href=\"https:\/\/safestbettingsites.co.uk\/\">online betting sites<\/a>. This will give you an objective view of the outcome that professional bookmakers have reached.<\/div><\/li><li class=\"list_how_to__item\"><h3 class=\"list_how_to__item_title\"><span id=\"Remember_That_Events_Are_Independent\">Remember That Events Are Independent<\/span><\/h3><div class=\"list_how_to__item_text\">While form is always good to take into consideration, you should always view a sporting event on its own merits. Whatever the past results might be, it\u2019s the best-performing competitor or team on the day that is most likely to win. Remember this, and you\u2019ll avoid betting just because a team or player has notched up a sequence of recent wins or losses.<\/div><\/li><li class=\"list_how_to__item\"><h3 class=\"list_how_to__item_title\"><span id=\"Learn_to_Be_Objective\">Learn to Be Objective<\/span><\/h3><div class=\"list_how_to__item_text\">In all types of betting, it\u2019s important to be as objective as possible. If you allow yourself to be overly optimistic about a team or player, a previous run of wins is likely to lure you into the Hot Hands Fallacy. If you\u2019re overly pessimistic, you might be tempted to oppose a team or player with a winning run just because you expect it to end soon. Both positions are dangerous, so try to take a step back and make your betting decision based on the match or game coming up, not on how you might feel about the competitors involved.<\/div><\/li><li class=\"list_how_to__item\"><h3 class=\"list_how_to__item_title\"><span id=\"Look_Through_Past_Results\">Look Through Past Results<\/span><\/h3><div class=\"list_how_to__item_text\">Our final suggestion for avoiding the Gambler\u2019s Fallacy is to take some time to look through past results. For example, if you enjoy betting on horse racing, look back at how often favourites win and note those days &#8211; and they do happen &#8211; when there are no winning favourites at a particular meeting. If you\u2019re into football, tennis or any other sport, look at how even the hottest of favourites have lost to the most unfancied underdogs. This will help you to see, from actual sporting results, that streaks, whether positive or negative, never guarantee anything.<\/div><\/li>\n        <\/ol>\n        \n    <\/div>\n<\/div>\n\n<h2><span id=\"Conclusion\">Conclusion<\/span><\/h2>\n<p>The Gambler\u2019s Fallacy is something that all of us seem to be hard-wired to fall for. According to the BBC, <a href=\"https:\/\/www.bbc.com\/future\/article\/20150127-why-we-gamble-like-monkeys\" target=\"_blank\" rel=\"noopener\">even monkeys fall for it<\/a>. Fortunately, human beings can use reason and rationality to recognise this cognitive bias and avoid it, and we advise all bettors to do just that.<\/p>\n<h2><span id=\"FAQs\">FAQs<\/span><\/h2>\n<section class=\"fi-faq-content-shortcode\">\n    <div class=\"fi-faq-content-shortcode__question\">\n        <h3><span id=\"What_is_the_Gamblers_Fallacy\">What is the Gambler\u2019s Fallacy?<\/span><\/h3>\n    <\/div>\n    <div class=\"fi-faq-content-shortcode__answer\" style=\"display: none;\">\n        <p>The Gambler\u2019s Fallacy meaning is pretty simple. It is the mistaken view that previous results have an influence &#8211; in some illogical way &#8211; of changing the probability of something occurring in the future. <\/p>\n    <\/div>\n<\/section>\n<section class=\"fi-faq-content-shortcode\">\n    <div class=\"fi-faq-content-shortcode__question\">\n        <h3><span id=\"What_is_an_example_of_the_Gambler8217s_Fallacy\">What is an example of the Gambler&#8217;s Fallacy?<\/span><\/h3>\n    <\/div>\n    <div class=\"fi-faq-content-shortcode__answer\" style=\"display: none;\">\n        <p>Consider a series of coin tosses. If seven Heads appear, most people will assume that Tails has a greater than 50% chance of winning on the next toss of the coin. That isn\u2019t true, but it\u2019s a perfect example of the fallacy at work.<\/p>\n    <\/div>\n<\/section>\n<section class=\"fi-faq-content-shortcode\">\n    <div class=\"fi-faq-content-shortcode__question\">\n        <h3><span id=\"Is_Gambler8217s_Fallacy_true\">Is Gambler&#8217;s Fallacy true?<\/span><\/h3>\n    <\/div>\n    <div class=\"fi-faq-content-shortcode__answer\" style=\"display: none;\">\n        <p>If you mean, is the Gambler Fallacy real, the answer is yes. This is a recognised cognitive bias that has been studied and proven by many researchers in psychology, cognition, and neuroscience. <\/p>\n    <\/div>\n<\/section>\n<section class=\"fi-faq-content-shortcode\">\n    <div class=\"fi-faq-content-shortcode__question\">\n        <h3><span id=\"Is_Gamblers_Fallacy_a_cognitive_bias\">Is Gambler\u2019s Fallacy a cognitive bias?<\/span><\/h3>\n    <\/div>\n    <div class=\"fi-faq-content-shortcode__answer\" style=\"display: none;\">\n        <p>Yes. A cognitive bias is a predictable and common view or belief that has no basis in reality. The Gambler\u2019s Fallacy is a type of logical fallacy, which means that it arises from poor reasoning. <\/p>\n    <\/div>\n<\/section>\n\n","protected":false},"excerpt":{"rendered":"<p>The Gambler\u2019s Fallacy is a form of cognitive bias. It leads a bettor to believe that an outcome has a greater chance of happening than it really does. In this guide, we explain how this common fallacy works, why it is dangerous, and how you can avoid falling for it. Table of contentsGambler\u2019s Fallacy ExplainedGambler\u2019s &hellip; <\/p>\n","protected":false},"author":45,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-19646","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Gambler\u2019s Fallacy - What It Is and How to Avoid It -<\/title>\n<meta name=\"description\" content=\"The Gambler\u2019s Fallacy leads bettors to believe that an outcome has a greater chance of happening than it really does. Here&#039;s how to avoid it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Gambler\u2019s Fallacy - What It Is and How to Avoid It -\" \/>\n<meta property=\"og:description\" content=\"The Gambler\u2019s Fallacy leads bettors to believe that an outcome has a greater chance of happening than it really does. Here&#039;s how to avoid it.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/\",\"url\":\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/\",\"name\":\"The Gambler\u2019s Fallacy - What It Is and How to Avoid It -\",\"isPartOf\":{\"@id\":\"https:\/\/safestbettingsites.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg\",\"datePublished\":\"2024-05-13T10:52:22+00:00\",\"dateModified\":\"2024-05-13T10:52:22+00:00\",\"description\":\"The Gambler\u2019s Fallacy leads bettors to believe that an outcome has a greater chance of happening than it really does. Here's how to avoid it.\",\"breadcrumb\":{\"@id\":\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#primaryimage\",\"url\":\"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg\",\"contentUrl\":\"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg\",\"width\":1024,\"height\":697,\"caption\":\"Coin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/safestbettingsites.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Gambler\u2019s Fallacy &#8211; What It Is and How to Avoid It\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/safestbettingsites.co.uk\/#website\",\"url\":\"https:\/\/safestbettingsites.co.uk\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/safestbettingsites.co.uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Gambler\u2019s Fallacy - What It Is and How to Avoid It -","description":"The Gambler\u2019s Fallacy leads bettors to believe that an outcome has a greater chance of happening than it really does. Here's how to avoid it.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/","og_locale":"en_GB","og_type":"article","og_title":"The Gambler\u2019s Fallacy - What It Is and How to Avoid It -","og_description":"The Gambler\u2019s Fallacy leads bettors to believe that an outcome has a greater chance of happening than it really does. Here's how to avoid it.","og_url":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/","og_image":[{"url":"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/","url":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/","name":"The Gambler\u2019s Fallacy - What It Is and How to Avoid It -","isPartOf":{"@id":"https:\/\/safestbettingsites.co.uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#primaryimage"},"image":{"@id":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#primaryimage"},"thumbnailUrl":"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg","datePublished":"2024-05-13T10:52:22+00:00","dateModified":"2024-05-13T10:52:22+00:00","description":"The Gambler\u2019s Fallacy leads bettors to believe that an outcome has a greater chance of happening than it really does. Here's how to avoid it.","breadcrumb":{"@id":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#primaryimage","url":"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg","contentUrl":"https:\/\/safestbettingsites.co.uk\/wp-content\/uploads\/2024\/05\/Coin.jpg","width":1024,"height":697,"caption":"Coin"},{"@type":"BreadcrumbList","@id":"https:\/\/safestbettingsites.co.uk\/guides\/gamblers-fallacy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/safestbettingsites.co.uk\/"},{"@type":"ListItem","position":2,"name":"The Gambler\u2019s Fallacy &#8211; What It Is and How to Avoid It"}]},{"@type":"WebSite","@id":"https:\/\/safestbettingsites.co.uk\/#website","url":"https:\/\/safestbettingsites.co.uk\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/safestbettingsites.co.uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/safestbettingsites.co.uk\/wp-json\/wp\/v2\/pages\/19646"}],"collection":[{"href":"https:\/\/safestbettingsites.co.uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/safestbettingsites.co.uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/safestbettingsites.co.uk\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/safestbettingsites.co.uk\/wp-json\/wp\/v2\/comments?post=19646"}],"version-history":[{"count":10,"href":"https:\/\/safestbettingsites.co.uk\/wp-json\/wp\/v2\/pages\/19646\/revisions"}],"predecessor-version":[{"id":19661,"href":"https:\/\/safestbettingsites.co.uk\/wp-json\/wp\/v2\/pages\/19646\/revisions\/19661"}],"wp:attachment":[{"href":"https:\/\/safestbettingsites.co.uk\/wp-json\/wp\/v2\/media?parent=19646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}