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How I Became a Professional Gambler

I had never gambled before and knew nothing about it, but I'd gotten too many e-mails like it. I was at my parents house for winter break during my first year at UT, and I was bored.

"Free $50 just for downloading our casino!"

Hmm. That doesn't seem very risky. I might as well download to see what it's all about.

The Gambler's Fallacy


Let's play a game. We're going to flip a coin, you get to call heads or tails, and you get $1 if you win and pay me $1 if you lose.

Pretty straightforward, yes?


We flip the coin a bunch. It comes down roughly half heads and half tails.

Then, suddenly the coin comes down heads six times in a row.

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