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The Gambler's Fallacy is a cognitive bias that can affect both casino patrons and even some casino staff. It's the mistaken belief that past events in a game of chance will influence future outcomes. For example, if a roulette wheel has landed on red several times in a row, some people may think that black is "due" to come up soon. This fallacy can lead to poor decision-making and the false belief that one can predict or control the outcome of a purely random game. Casinos are well aware of this bias and may exploit it by displaying previous results on screens or encouraging players to make bets based on the fallacy. However, it's crucial to remember that each spin or hand in a casino game is an independent event, and past outcomes do not affect future ones.
