Casino Industry Glossary

Gambler's Fallacy

Betting Systems, Strategies & Mathematics

The mistaken belief that past independent events affect future probabilities (e.g., "due" for a win).

In practice

Common psychological trap.

One entry from the Casino Industry Glossary — 1,157 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.