Gambler's Fallacy Quotes

The worst thing that can happen to a man who gambles is to win

Quit while you're ahead. All the best gamblers do.

Cognitive psychology tells us that the unaided human mind is vulnerable to many fallacies and illusions because of its reliance on its memory for vivid anecdotes rather than systematic statistics.

Almost everyone's instinct is to be overconfident and read way too much into a hot or cold streak.

We tend to ignore the high probability of small gains or losses and focus on big payoffs or disaster despite remote odds.

Writing's like gambling. Unpredictable and sporadic successes make you more addicted, not less.

One thing I have learned in my painful career as a gambler is that bragging when you get lucky and win a few games will plunge you into gloom and unacceptable beatings very soon. It happens every time.

Where you think I’m goan?’ ‘Well,’ Eddie said, ‘what was behind Door Number One wasn’t so hot, and what was behind Door Number Two was even worse, so now, instead of quitting like sane people, we’re going to go right on ahead and check out Door Number Three. The way things have been going, I think it’s likely to be something like Godzilla or Ghidra the Three-Headed Monster, but I’m an optimist. I’m still hoping for the stainless steel cookware.

Understand why casinos and racetracks stay in business - the gambler always loses over the long term.