Even though it is tempting to believe that after a coin has been flipped ten times and turned up heads each time, that the next time has a greater chance of coming up tails, the odds of that happening are still only fifty/fifty.
The odds of that occurring were quite small but we decided to invest in insurance to safeguard us from unexpected losses.
If you want to try out a new risky venture you must weigh the odds and decide if the reward is better than the risk.