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If the 'Player' has an initial total of 6 or 7, the 'Player' stands and draws no further card. Notice that the gambler's fallacy is quite different from the following path of reasoning (which comes to the opposite conclusion): the coin comes up heads more often than tails, so it is not a fair coin, so I will bet that the next toss will be heads also. This is not fallacious, though the first step - the argument from a finite number of observations to a statement of likelihood - is a very delicate matter, and is itself prone to fallacies of its own peculiar kind. Knock-Out Blackjack, Olaf Vancura and Ken Fuchs, 1998, ISBN 0929712315 Big Wheel / Big Six You call this one and it's all over, baby. - Scotty Nguyen, during the 1998 World Series of Poker. Down to him and one other player, he said this to his opponent who called, and it was all over. If the 'Banker' has an initial total of 7, the 'Banker' stands and draws no further cards. The guy who invented poker was bright, but the guy who invented the chip was a genius. - Big Julie Online Roulette Betting Roulette Online In fact one of the casinos claims on average customers lose $900 at their casino. The right to begin having been ascertained, the banker takes his place midway down one of the sides of an oval table, the croupier facing him, with the waste-basket between. On either side the banker are the punters (ten such constituting a full table). Any other persons desiring to take part remain standing, and can only play in the event of the amount in the bank for the time being not being covered by the seated players. The Theory of Blackjack, Peter Griffin, 1996 (1979), ISBN 0929712129 Million Dollar Blackjack, Ken Uston, 1981 [edit] Coin flipping Faro Speculation Example: The player originally bets $10 and the dealer shows an Ace. The player takes Insurance by betting an additional amount of $5. Suppose the player's hand is 19. The dealer turns up his 'hole card' after the Insurance betting period is over -- and it's not a 10-valued card. Suppose the 'hole card' is a 7. The player instantly loses his $5 Insurance wager. (All Insurance wagers are settled as soon as the dealer turns over his 'hole card', before all else.) But the player wins his $10 bet. Note that the player made a net profit on that round. Blackbelt in Blackjack, Arnold Snyder, 1998 (1980), ISBN 0910575053

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