Quote from: Fortify on November 16, 2024, 12:46:16 PM

Quote from: kotajikikox on November 16, 2024, 08:36:03 AM

In the gambling world, many myths circulate and many people believe them even without concrete proof. Here are some of the most common believed myths and the actual truth.

#1 Hot/Cold Slot Machines: People often categorize slot machines into HOT or COLD. A hot slot machine is believed to be one that has just recently or previously paid out big money while a cold slot machine has not paid in quite a while. The fact is there is no such thing as that. Slot machines use a random generator that makes each individual spin unique and independent of the previous spins.

#2 Card Counting is cheating: Card counting is a method in blackjack wherein a betting player mentally takes note of the cards being dealth. This gives the betting player a slight advantage over the casino but is not considered cheating. It is merely a strategy but the casinos usually do not like this still.

#3 Poker is a game of math experts: While basic math will give you an advantage in poker, you do not have to be a math genuis to be good at it. Even if you are just good at reading your opponents, you can win as much!

Are there any more myths you believe in? Or would want to be debunked? Let’s discuss!

Seems like you partially fail on number 1 and number 3. This "myth" (which was true in the past) would have began in an era where slot machines were not the smart and interconnected machines that we currently see. They were standalone units that would often have an algorithm regulating payouts - it was possible that if someone poured a lot of money into the machine they might leave before triggering a win, but each extra attempt had a higher than normal chance of realizing that payout.

-snip-

Back in the day when I was playing a lot of slots on a kind of 4 day week that was
the thought, if a machine had been played a lot over the course of a day or two
and didnt pay out everyone would be wanting to get on that especially as it was played
more and more with minimal payouts.

I suppose the simple thought behind it was it was bulging with coin and was
due a payout at the "next spin".