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Tracking Roulette Colors: Yes, it's correct to assume that over the long haul, Red will come up just as often as Black. It's totally incorrect however, to assume that a recent glut of one color will be "counterbalanced" by an overdue appearance of the other color so as to "even things up"! That's not how chance events work.
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That's one thing that I have a good laugh about every time I go to the casino. It seems like every other person forgets that just because red has come up ten times in a row, there is still a 50% chance that it will be black next time.