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What's Luck Got to Do with It? by Joseph Mazur

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Hot Hands

Expecting Long Runs of the Same Outcome

Should I go to heaven, give me no haloed angels riding snow-white clouds, no, not even the sultry houris of the Moslems. Give me rather a vaulting red-walled casino with bright lights, bring on horned devils as dealers. Let there be a Pit Boss in the Sky who will give me unlimited credit. And if there is a merciful God in our Universe he will decree that the Player have for all eternity, an Edge against the House.—Mario Puzo, Inside Las Vegas

Remember how the Grandmother in The Gambler ...

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