It doesn’t matter if you are playing gambling online for the first time or for a long time. It is never too late to face the facts and learn the truth about gambling online. Maybe you’ve fallen for some myths too? Read on to see how we debunk the top 10 gambling myths.
Gambling Myths №1: You only have to gamble long enough to win
While it’s possible that your supposed losing streak will be followed by a winning streak, it’s not likely. It’s much more likely that you’ll run out of money before the big win sees the light of day. It’s important to understand that each gamble is an independent statistical event.
Think of it this way: When you roll the dice in a craps game, the dice have no way of knowing what happened before. Even if your so-called luck seems to even out over time, there are no guarantees!
Gambling Myths №2: Winning is a matter of luck
While it’s certainly fun to believe in goddesses of luck, fate, or that your destiny is written in the stars, winning and losing is a matter of math. It is important to understand that every casino game gives the casino a slight statistical advantage. This house advantage ensures that the casino takes in more money over time than it pays out to players, and that’s just the way casinos profit.
Of course, there is the possibility of defying the odds and winning. As a player, you’re most likely to win if you participate in games with a lower house edge or pick games that involve skill elements – such as poker.
Gambling myths №3: Casino games are rigged
Although it’s always easy to complain when you lose, casino games are generally fair – provided you’re playing in a licensed establishment. Fortunately, many countries have a gambling commission that you can rely on. For example, in the UK, there is the UK Gambling Commission.
The UK Gambling Commission, for example, regulates and licenses all forms of gambling. Thus, this is responsible not only for venues but also for online casinos that are located in the UK, as well as internet casinos that accept UK players.
When you play at an online casino, the vast majority of games use random number generators or Random Number Generations to ensure that what happens on the screen statistically mirrors what would happen in real life. These computer algorithms ensure that every spin, every number is drawn, every card dealt, and every dice roll is fair and random.
Gambling Myths №4: A Good System Will Help You Compete Against the House Advantage
Although the internet is full of gambling techniques that claim to give you the upper hand, just about all of these considerations are useless. The fact is that the casino always has the advantage. Of course, there are measures you can take to improve your odds, such as playing games with a low house edge like baccarat.
Gambling myths №5: Casinos make you win regularly, so you keep playing
Conspiracy theorists will want you to believe that security personnel is constantly monitoring your play to let you win when you’re about to lose interest. But the truth is that every outcome is a matter of chance. Whether you’re relying on the random number generator powering a video slot machine or the mechanics of a roulette wheel.
What happens, in the end, is determined by the laws of chance. The random number generators, as well as the equipment, are regularly checked, maintained, and controlled to ensure that everything is above board. Any interference by a casino employee would be highly illegal.
See also: Casino movies on Netflix
Gambling Myths №6: Card Counting is Illegal
Contrary to public perception and assumption, card counting is not illegal (everywhere). Although casinos do not like using this mathematical logic, it is perfectly legal. Players gain an advantage in card counting by keeping track of which cards are in play and which remain in the deck.
In most countries, players are free to use any strategy they see fit, as long as it does not interfere with gameplay. For example, physically marking cards is considered cheating. Of course, casinos do their best to discourage players from counting cards. Moreover, it is not possible to count cards when you play online.
Gambling myths №7: If you keep track of what has happened so far, you can predict what will happen next
When it comes to pure games of chance like roulette, many people assume that they can easily predict the future by keeping track of the recent past. In reality, every spin of the roulette wheel, every roll of the dice, and every shuffle of the deck of cards is a random and independent event.
There is no connection between what has just happened and what is yet to happen. So just because 15 of the last 20 roulette numbers were black, you shouldn’t assume that the majority of the next 20 will be red. The actual odds only become statistically significant in the long run, which is far beyond the time you can spend playing at all.
Gambling Myths №8: After a certain amount of time, winning is overdue with slot machines
Given the unmatched popularity of slot machines, it shouldn’t be too surprising that these games are also particularly popular in terms of myths. However, as the topic of this article suggests, most of the theories are false.
The fact is that you shouldn’t expect a slot machine to suddenly pay out to compensate for an apparent dry spell. Each spin of the reels is the result of a random number generator. Where the reels land depends on a complex computer algorithm, not on what happened in the last few hours or minutes.
Gambling myths №9: Internet gambling is forbidden by law
Although there are places in the world where internet gambling is either banned or exists in a legal gray area, it is also allowed in many. Take the UK again as an example: not only is gambling completely legal, but the government formally licenses and regulates the industry, so players don’t have to rely on shady sites.
If you want to gamble with peace of mind, just make sure you choose a casino, poker room or virtual room that is properly licensed by the UK Gambling Commission. This is the easiest way to be sure that the games are fair and that you will be paid out promptly if you win.
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Gambling myths №10: You become a better player the more often you play
A distinction must be made here: While it is possible to master poker strategies over time or learn how to best play blackjack, practice is irrelevant when it comes to pure games of chance. Once you’ve learned the basics of games like roulette, baccarat, craps, bingo, slot machines, or lotto, success becomes a matter of chance.
In other words: If you’re new to the world of gambling, you shouldn’t think of the skills you’re about to acquire as a future cure for the money you might lose today. This is true whether you are playing on the Internet or in a live casino anywhere in the world!