Monte Carlo fallacy

Meaning

Noun

• The fallacy, most often believed by gamblers, that a past random event influences the outcome of a future random event, that is, that a run of even numbers at roulette means that there is a greater chance of an odd number next time.

Origin

• From an incident which took place at the Casino de Monte-Carlo.
• {{cite-web
• |date=2015-01-28
• |title=Why we gamble like monkeys
• |author=Tom Stafford
• |work=BBC.com
• |url=http://www.bbc.com/future/story/20150127-why-we-gamble-like-monkeys