We tend to learn things from what we see, hear and read, making us prone to believing myths. And when it comes to gambling, it’s no different. It’s quite the opposite since there are hundreds of myths and misconceptions surrounding casino games, and we learn these myths from casino employees and the gambling media. We’ll be happy to show the way to the truth by analyzing the 20 most common gambling myths online.
1. Casinos are rigged, and their influence on any game is immediate.
Whilst it might look like games are different, as they appear to involve different amounts of money, this is because each game is designed with a specific house edge (also known as a hold) in mind, therefore will not pay out the exact same percentage.
2. Casinos inject you with oxygen to keep you awake.
The gambling industry rakes in billions of dollars each year, and it’s due to the myth that casinos pump in oxygen to keep you awake. Casinos don’t pump in oxygen, but they do pump in a lot of other things to keep you awake.
3. You will not be paid if you win at an online casino.
The short answer is ‘no.’ While you cannot guarantee anything in life, especially when it comes to winning money gambling, online casinos have an obligation to pay winners just the same as physical casinos.
4. If you win too many games, the game will “freeze.”
Most casinos offer safety systems designed to prevent people from accessing features that shouldn’t be enabled, and some of these systems include automatic “timeouts” and alerts that require the player to be a certain player type in order to access them.
5. Online Casinos Are Illegal.
Despite popular belief, online casinos are not illegal. In fact, if you’re looking for a way to gamble and have fun, online casinos are not a bad choice, especially in Canada. Of course, there are some countries where this is illegal, so you will need to make sure that it is ok where you are before you go looking for a casino.
6. Card Counting Is Illegal
Whilst most of the myths on this list are false, some of them are true – and card counting remains illegal in most states.
7. There are both loose and tight slots (or Hot and Cold)
This is also true! There are loose slots and tight slots, hot and cold chips and hot and cold tables, and run-and-gun dealers, poker players, and table game players.
8. Slot machines that pay are located near the entrance (or End of an Aisle)
Not always! In fact, some casinos move their machines around frequently to keep it fresh for players and prevent things from becoming predictable.
9. A Busy Casino Increases Your Chances of Winning at Slots.
While there might be more jackpots during busy times at a casino, the chances of winning don’t really change during this time. So, if you don’t like crowds, don’t worry – this isn’t going to have a negative effect on your game.
10. A Casino Loyalty Card Influences the Game.
Online casino loyalty programs allow players to accumulate points and rewards that can then be redeemed as and when they wish. However, they don’t tip the odds in their favor at all – everyone still has the same chances.
11. A Betting System Can Beat House Edge.
Gamblers use various strategies to get ahead and beat the casino, but most fail because they try strategies that do not help them win in the long run.
12. My Hand is Influenced by Other Players.
It depends on the game! However, once someone folds, the hand is ruled finished, which means that players can no longer influence the outcome of that hand.
13. Dealers Can Cheat or Influence the Outcome.
Unfortunately, some casinos exist for the sole purpose of cheating players out of money. This is why it’s so important to research before you give your money to one to make sure it is legit.
14. Payout Rates Are Equal.
Unfortunately, not all casino games payout equally. If big wins are your main motivation when it comes to casinos, you should make sure to factor this into your research.
15. You Should Not Play The Winning Slot Machine
Just because a machine has paid out in the past, doesn’t mean it is going to do so for you. You need to manage your expectations when gambling, and know when to stop.
16. By increasing the bet size, you can fool the machine.
However, some gamblers tend to believe that if they keep betting, eventually they will become rich. The problem is this: casinos, whether they are online or brick and mortar, are designed to keep gamblers from winning.
17. Playing Against Other Players Is Jinxed
Playing against other players in games like poker and roulette can be a fun, social activity. However, some will find playing against others more stressful than fun. Ultimately, the decision falls with you to be sensible and know what suits you so that you can have the most fun possible.
18. You Will Win If You Keep Track of Past Results – Gambler’s Fallacy.
Past results can’t predict the future of gambling and casinos, but they do help inform you on strategies that will increase your odds.
19. My fortune will change.
Gambling can indeed change a person’s fortune, for the better or the worse. Therefore, players should make sure to set spending limits to make sure they are not putting themselves in any serious financial danger, should they lose.
20. It’s all a matter of chance.
This is true! All forms of gambling carry some level of risk with them, so it’s up to individuals to decide whether or not the risk is something they are willing to take!