The most famous example of gambler’s fallacy took place at the | Investitsiya_uz|NYSE Amerika fond birjasi

The most famous example of gambler’s fallacy took place at the roulette tables of a Monte Carlo casino in 1913. For the last 10 spins of the roulette wheel, the ball had landed on black.
Because the gamblers thought a red was long overdue, they started betting against black. But the ball kept on landing on black. It was only after 26 consecutive blacks that the ball finally landed on red and the streak came to an end. By this time, the losses were staggering. The casino had made a fortune.