Gambling fallacies are erroneous gambling beliefs. Correcting gambling fallacies has been the focus of many treatments for problem gambling. However, reducing gambling fallacies does not necessarily lead to a change in gambling behaviour. This study sought to understand the role of gambling fallacies as compared to other factors known to contribute to problem gambling. The researchers used data from a large cohort of Canadian adults. The results showed that gambling fallacies were common in all participants, not just those with problem gambling. Gambling fallacies predicted problem gambling both currently and in the future, but there were other stronger predictors. Thus, the researchers suggested that treatments should not focus exclusively on correcting gambling fallacies.