Gambler's Logic
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Thread: Gambler's Logic

  1. #1
    Join Date
    May 2006

    Default Gambler's Logic

    I toss a coin and heads turns up five times in a row.
    Which side is more likely to turn up the next time?

    * Heads? Five heads in a row is a pattern - the trend is likely to continue.
    * Tails? Six heads in a row is unusual so tails is more likely.

    The above answers are examples of gamblerís logic Ė the perception of patterns in random data.

    So which is the correct answer?
    Neither - every coin toss has an even chance of turning up heads or tails. It never varies.

  2. #2
    Join Date
    Apr 2006
    With enough capital, gambling the Forex works. I am talking about huge amount of capital.

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