Gambler's fallacy
23 words · ~1 min read · 2 synonyms
Gambler’s fallacy — cognitive bias: believing that a streak of losses must end in a win (or vice versa). False — RNG has no memory.
Also known as
Monte Carlo fallacy
fallacy of maturity
Hot streak — a sequence of consecutive wins. An illusion due to slot randomness.…
Tilt — emotional state after losing streak when player makes irrational decisions: chases losses,…
Stake (bet) — amount wagered per game/spin/hand. In slots: 0.10–100 ₴. In live casino:…
Loose slot — slot with high RTP (97%+) and moderate volatility that "pays out"…
Cold streak — a sequence of consecutive losses. Doesn't mean the slot will "pay…
Comp points — loyalty points awarded per wager (1 point = 10 ₴ bet).…