The most famous example of the gambler

The most famous example of the gambler’s fallacy occurred in a game of roulette at the Monte Carlo Casino in the summer of 1913, when the ball fell in black 26 times in a row. This was an extremely uncommon occurrence, although no more nor less common than any of the other 67,108,863 sequences of 26 red or black. Gamblers lost millions of francs betting against black on the 27th spin, reasoning incorrectly that the streak was causing an “imbalance” in the randomness of the wheel, and that it had to be followed by a long streak of red.