The subject of gambling has long been surrounded by misconceptions, misbeliefs and misunderstandings. These casino myths stem from a range of influences, from innocent mistakes and outdated beliefs to exaggerated Hollywood portrayals of casinos and bettors.
Whether you’re playing online slots on your smartphone or poker on the casino floor, there’s a good chance you’ve come across some of these tales before. This article debunks 10 such myths, shedding light on the truth behind them with logic and reasoning. By dispelling these falsities, you can hopefully get a clearer understanding of gambling myths and facts.
Myth 1: Card Counting Is Illegal
Unless you’re clued in on the legal side of things, card counting may seem like something you shouldn’t do. In reality, card counting is completely legal. It’s not a guaranteed winning strategy and requires significant skill to be effective, but it is frowned upon by some casinos for the potential advantage it provides. These casinos may ask skilled counters to leave purely due to the risk of lost profit, but it’s not a criminal offense to use the information you have in front of you as a player.
Myth 2: Machines That Haven’t Paid Out Are Due for a Win
Some people are convinced that slots and other electronic gaming machines follow payout patterns. The truth is that these machines operate using random number generators (RNGs), ensuring that each spin or play is independent and has an equal chance of winning. The outcome of one spin never affects the outcome of the next, meaning that previous results have no bearing on the future and a machine’s payout history makes no difference whatsoever.
Myth 3: Hot or Cold Streaks Affect Future Outcomes
This myth falsely assumes that past results in gambling games impact the next bet you make. Known as the gambler’s fallacy, it’s a fairly common error for novice players to make. The fact is, every gambling event, whether it’s a spin of the roulette wheel or a hand of cards, is statistically independent, and previous wins or losses have no influence on the next. Understanding the principles of probability will help you remain aware of this fallacy so you can avoid making the same mistake.
Myth 4: Casinos Pump Oxygen To Keep Gamblers Playing
Most likely originating from movies and novels, this myth portrays casinos as devious entities using underhanded tactics to keep players engaged. There’s no evidence to suggest that casinos mess with air quality. It stands to reason that they prioritize the safety of their guests if they want to operate successfully, and that starts with providing a comfortable and enjoyable environment with proper ventilation and air quality. Anything less would drive potential patrons away.
Myth 5: Gambling Systems Guarantee Consistent Winnings
There are many gambling systems out there that claim to offer foolproof strategies for consistent wins. Fortunately, there’s no truly infallible system that can guarantee consistent profits. It’s true that some strategies can improve your odds slightly or help manage your bankroll effectively, but the outcome of each game is ultimately based on chance. For this reason, it’s important to approach gambling as a form of entertainment and set realistic expectations.
Myth 6: Online Casinos Are Rigged
Successful online casinos operate under strict regulations and licensing, ensuring fairness and security for their players at all times. Much like the machines from our second myth, online casino games use certified RNGs to determine game outcomes. Moreover, regular audits and independent testing further validate the integrity of online casinos, which is why it’s essential to choose a reputable and licensed provider for a fun and safe gambling experience.
Myth 7: Casinos Manipulate the Odds To Make Players Lose More
Winning and losing are always based on luck and probability, not by casinos manipulating the odds. Casinos operate based on established mathematical principles referred to as the house edge. The house edge represents the built-in advantage that casinos have in each game, ensuring that they can remain running over the long term. These odds and probabilities are carefully calculated and designed to balance profitability with player satisfaction.
Myth 8: Gambling Is a Good Way To Make Money
Gambling is never a surefire path to financial success. There are always going to be fortunate souls who experience occasional windfalls, but no matter what anyone says, it’s never worth the risk to treat gambling as a primary source of income. Gambling is meant to be a form of entertainment above all else. The odds are always going to be against you and the house edge is there to ensure that casinos are able to continue providing entertainment.
Myth 9: Gambling Is Purely Based on Luck
Luck plays a significant role in any casino games involving chance. That being said, skill and strategy can and will impact your chances of winning in certain games, such as poker and blackjack, for example. Understanding the rules, employing effective strategies and making informed decisions will put you on the right track to winning games, but even the greatest legends of poker still had odds and probabilities to contend with.
Myth 10: You Can Beat the House Consistently With a Betting System
Betting systems, such as the ever-popular Martingale system, often claim to offer a foolproof way to overcome the house edge and put yourself in a more advantageous position. The trouble is that no betting system can change the fundamental odds of a game. These systems have no way to guarantee consistent profits over time, especially when you consider that the house edge remains constant regardless of the betting strategy employed.
Enjoy the Best Online Casino Games With BetMGM
Understanding the truth behind these myths empowers you to play casino games responsibly, allowing you to enjoy all that gambling has to offer. If you’re ready for fun and entertainment, register with BetMGM and embark on an exhilarating journey filled with a wide range of casino games, sports betting options and generous promotions, all found within a safe and secure gaming environment.