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Gambler's Fallacy

  
 
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DaNutsInYoEye
Old 04-01-2005, 04:31 AM     Post subject: Gambler's Fallacy #1 (permalink)  
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I see so many references to this on the forums it's almost comical. Each hand is an independent event people.

http://www.fallacyfiles.org/gamblers.html
TheXianti: (Triptanes) why are you not a thinking person?
 
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Legendash
Old 04-01-2005, 10:42 AM #2 (permalink)  
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Absoulutely, i always chuckle when people sit down at a table and say something like "does this site deal a lot of flushes" and 3 people will chime in with tales of woe and stacked decks, i just look at them and see $
"[This theory] is only useful for helping to calculate your luck odds. If you have a good read that you have a numerical advantage against your opponent, that your hand is "luckier"..."

Copyright, Youngdro 2007.
 
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Bmxicle
Old 04-01-2005, 03:44 PM #3 (permalink)  
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I've been hearing a new theory lately, its the lucky seat theory. Some seats give better cards then others. This guy was telling me how they did a test. He said that he won a buyin from one seat, got up came back and lost it all plus a little more in a different seat, and the guy in his old seat had also won a buyin. I would have encouraged him to believe this but i was too busy adding him to my buddy list.
 
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gutshot
Old 04-01-2005, 04:29 PM #4 (permalink)  
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I can usually tell in the first orbit if the action generator has been tweaked favorably for that session.
-jay

"i think the biggest leak in my game is using 2nd level thinking against players who can't think on the first level." -Renton
 
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DavSimon
Old 04-01-2005, 05:34 PM #5 (permalink)  
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I almost choked on a jellybean (literally) when I heard this one:

Fish1: If Pokerstars has less than 10K people logged in then be careful when dealt K-K
Fish2: Why is that?
Fish1: Well they are not making as much rake and every time someone is dealt K-K another person is dealt A-A to generate action.
Fish2: Wow thanks for the tip!
DavSimon: Oh yes, that is absolutely true, however we are playing a SnG and the rake is fixed.....
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thestrokes
Old 04-03-2005, 07:27 AM #6 (permalink)  
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i like the conflicting avatars fromt he posts above...
"Confidence not overconfidence"
-radashack
 
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Toasty
Old 04-03-2005, 10:37 AM #7 (permalink)  
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yeah that annoys the hell out of me "welcome to river stars"

"hehe i love party poker"
Poker is all about the long long long long long long long term . . .
Barney's back . . . back again . . .
 
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Old 04-03-2005, 11:05 AM #8 (permalink)  
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Some of my favourites (used often)

"Ahh, RiverStars got me again"

"**** you, Lee Jones!"

"That's a PartyPoker special"

"XXXing joke you XXXXing XXXXty little XXXXXX, what a XXXXer"

And one that isn't so well known but since I play there I see it a lot:

"Only at Bugsy"
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Aceofone
Old 04-03-2005, 12:27 PM #9 (permalink)  
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Bringing the thread back to the original topic....

If you flip a coin and get heads 7 times in a row, what are the odds the next toss will be heads? 50%.

But what are the odds of flipping a coin 8 times and getting heads each time?
1/2*1/2*1/2*1/2*1/2*1/2*1/2*1/2 = 1/256
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