Forecasting failure events is one of the most important problems in fracture mechanics and related sciences. In this paper, we use the Molchan scheme to investigate the error diagrams in a fracture model which has the notable advantage of displaying two completely different regimes according to the heterogeneity of the system. In one regime, a characteristic event is observed while for the second regime a power-law spectrum of avalanches is obtained reminiscent of self-organized criticality. We find that both regimes are different when predicting large avalanches and that, in the second regime, there are non-trivial temporal correlations associated to clustering of large events. Finally, we extend the discussion to seismology, where both kinds of avalanche size distributions can be seen.