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{"id":10490,"date":"2013-03-07T18:52:23","date_gmt":"2013-03-07T18:52:23","guid":{"rendered":"http:\/\/www.seonewswire.net\/2013\/03\/the-gamblers-fallacy-and-insurance-leads\/"},"modified":"2013-03-07T18:52:23","modified_gmt":"2013-03-07T18:52:23","slug":"the-gamblers-fallacy-and-insurance-leads","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2013\/03\/the-gamblers-fallacy-and-insurance-leads\/","title":{"rendered":"The Gambler\u2019s Fallacy and Insurance Leads"},"content":{"rendered":"

\"insurance<\/a>The Gambler’s Fallacy is finding an edge that will result in guaranteed winnings at the casino.<\/p>\n

Commonly, its when you look at a run and are certain the next time it has to go the other way. A good example is when black is hit 12 times in a row on a roulette wheel and the gambler makes the deduction that its got to come up red soon, so they bet red and then double their bet each time until it hits red.<\/p>\n

This is a good system, if you have millions of dollars to lose.<\/p>\n

The problem with this concept is its still roughly 50\/50 every time you spin the wheel as the ball and the wheel have no memory of the last color that was hit.<\/p>\n

There have been runs of 20 or more going odd or even, red or black or 1-18 or 19-36. If you start on the 10th spin and (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Gambler’s Fallacy is finding an edge that will result in guaranteed winnings at the casino. Commonly, its when you look at a run and are certain the next time it has to go the other way. A good example…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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