No, Megadeath is correct and you are correct too. Each spin is an independent event so getting red is 50% every time (assuming you ignore the 0 and 00).
The [b]chances [/b]of getting red [b]three times in a row[/b] is 12.5%.
The chances of getting red [b]10 times in a row[/b] is 0.09% , but the chance of getting red on that 10th time will still be 50%
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