Gambler’s fallacy or Monte Carlo paradox in sports bettingEroarea jucătorului sau Paradoxul Monte Carlo la pariuri sportive
21 apr. 2021

Gambler’s fallacy or Monte Carlo paradox in sports bettingEroarea jucătorului sau Paradoxul Monte Carlo la pariuri sportive

The paradox of Monte Carlo or Gambler`s Fallacy, Gambler’s Error or Monte Carlo Fallacy has existed since gambling was invented. With the advent of sports betting, this paradox has refined and continued to fascinate not only the minds of players. Even Fyodor Dostoevsky, in the famous literary work The Gambler, describes this paradox and details it carefully. The Gambler is a short (by Russian standards) and deeply psychological drama...

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