We were introduced to the term Gambler’s Fallacy this week. Our rough understanding of it is that you’ll be separated quickly from your cash if you believe the outcome of the next event will be different to the series of previous ones simply because you think it’s time for change.
So a losing run can be a series of 50-50 events – teams of equal numbers starting off from the same place at the same time in the same conditions – yet the longer it goes on the closer we come to change because, well, it’s overdue.
