This is the tendency of one to think that future probabilities are altered by past events. They are not. When you flip a coin you will always have a 50/50 chance of getting heads (or tails). It doesn’t matter if it landed on heads for the last 30 flips; the next one still only has a 50% chance of landing on tails. You are not “due” a tails flip.
The same is true with a roulette wheel. For any spin of the wheel the probability of landing on red is 47.37% even if the ball landed on black the previous four times. Again, you are not “due” a win, the probabilities have not changed.
