Gambler's Fallacy again, looking for a succinct explanation of a variant of Martingale

[Acheron]

Forget psychology and you forget that irrationality is what we do best.

[ShaunWhite]

Shaun White (c.1972–TBC): Correctly identifies Martingale as a pile of crap.

It's 1964 - TBC unfortunately.

In UK horse racing, significant losing streaks for favourites are common, with data suggesting losing runs for clear favourites reaching up to 33, or up to 41 when including joint and co-favourites, particularly in National Hunt racing.


2 ^ 33 = 8,589,934,592
To win £1