A casino game of chance has 38 slots, of which 18 are red, 18 are black, and 2 are green. You end up deciding to bet on red on each of 10 consecutive turns of the casino game. Suppose you lose all 5 of the first wagers. Which of the following is true?
You should get more turns of the casino game on red on the next 5 spins of the game, since we didn't get any on the first 5 turns.
The spinner is not working properly. It favors outcomes that are not red. Hence, during the next five turns of the game, we're likely to continue to see few red outcomes.
We're due for a win, so the sixth turn of the game is very likely to come up red.
What happened on the first 5 turns of the casino game tells us nothing about what will happen on the next 5 turns of the casino game.