Definition, Meaning & Synonyms
law-of-averages
noun
/lɔː ʌv ˈævərɪdʒɪz/
Definition
The principle that a certain outcome will happen at a predictable rate over time.
Examples
- The law of averages suggests that after a losing streak, a gambler is likely to win soon.
- According to the law of averages, the more you play a game, the more likely your results will align with the odds.
Meaning
The law of averages suggests that outcomes will balance out over a large number of trials or instances. Essentially, it implies that despite short-term fluctuations, results will eventually reflect the expected probability.
Synonyms
- probability theory
- statistical regularity
- law of large numbers
