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Advanced statistical models, such as predictive analytics and machine learning algorithms, can provide a data-driven edge in betting. While these models require a level of expertise, they can be powerful tools for making informed predictions and gaining a competitive advantage. Bet Nation Sports Bet Nation sydney horse racing tomorrow The Gambler's Fallacy is the belief that past events influence future outcomes in a random process, such as a series of coin tosses. Punters may erroneously think that after a series of losses, a win is more likely. Understanding probability and randomness is crucial to avoid falling victim to the Gambler's Fallacy.