The law of averages

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noun

The principle that states over a long period of time, things tend to happen with a frequency that is approximately equal to their probability.

John plays the lotto every week. He believes by the law of averages, he will eventually win.
Visual representation of "the law of averages" - The principle that states over a long period of time, things tend to happen with a frequency that is approximately equal to their probability

Often appears as...

  • apply the law of averages
  • by the law of averages
Definition 1 of 2
Visual representation of "the law of averages"
LampPro Tip 1/3

Long-term Concept

Understand it's about long-term patterns, not short-term expectations.

Illustration for Long-term Concept
He assumed by the law of averages, good weather would return next month.
LampPro Tip 2/3

Misinterpreted Certainty

Remember it's a statistical concept, not a guarantee of certain outcomes.

Illustration for Misinterpreted Certainty
She believed the law of averages ensured she'd win, but luck isn't certain.
LampPro Tip 3/3

Frequent Misuse

Recognize that people often use the phrase incorrectly to justify expectations.

Illustration for Frequent Misuse
By the law of averages, my team is due a win might not be a sound argument.
Visual representation of the word "The law of averages"

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