Etymology

Monte Carlo fallacy

Today it means: The fallacy, most often believed by gamblers, that a past random event influences the outcome of a future random event, that is, that a run of even numbers at roulette means that there is a greater chance of an odd number next time. Full definition →

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The story

From an incident which took place at the Casino de Monte-Carlo.

Etymology from Wiktionary, CC BY-SA 4.0.