The maths of streaks: why ‘hot’ and ‘cold’ runs happen in casinos
The maths of streaks: why ‘hot’ and ‘cold’ runs happen in casinos Walk into any casino and you will hear talk of a table being “hot” or a machine “due”. In reality, streaks are a predictable feature of random sequences, not a signal that the odds have shifted. When outcomes are independent—like roulette spins or