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!
Am only going to expatiate on some facts that I know about gambling and it should be enough to debunk the myths that many have come to accept at truth when they aren't, for real.
The house always wins is a popular fact and that is because casinos have an in- built house edge for every games, which helps to accumulate gains over a duration/time.
The casino games can also be very addictive and if one continues to chase losses and dedicate precious time to neglecting other responsibilities all for the sake of gambling, there's addiction already active.
It is good to gamble with the amount one can afford to lose, otherwise irresponsible gambling may set in to reck financial havoc.