Online gambling is a lot of fun if you play responsibly. To be able to do this, it is important to distinguish fact from fiction. Many myths are floating around in the gambling space that players believe. Many of these gambling myths can get you into a lot of trouble, financially, if you believe and follow through on them.
We have listed some of the fallacies regarding gambling, along with the facts on how casino games work, which will help you sharpen your approach to casino games better.
Gambling Myth #1: Gambling is a good way to make money
The Facts: Gambling involves risk-taking and does not provide any sure-fire way of earning you money at all. In fact, the odds are stacked against you in most casino games, as the house has the edge in every session.
When approaching the casino, may your motive be to enjoy some exciting entertainment rather than to win easy money. We do not discount the fact that you can win cash, but this is never a guarantee. When you play for the fun of it, you won’t get frustrated if you lose.
Please remember: Never gamble more than you can afford to lose!
Gambling Myth #2: The Game Machine is due to pay
The above myth is usually accompanied by the statement that if you play for long enough, the game will eventually payout.
The Facts: Gambling machines are managed by sophisticated Random Number Generators that ensure that there are no patterns to the payouts. The game always behaves randomly, no matter how many wins or losses have occurred. It is, therefore, impossible to determine when a game will payout
Gambling Myth #3: If you keep betting, your luck is sure to change and you can win back your losses
The Facts: Chasing your losses is the worst thing you can do at a casino, as you could end up broke in no time. Each time you play a game round, it is played independently of all other rounds. This means that losing streaks may carry on for hours or days before any big win arrives. Good fortune does not affect machines.
Responsible gamblers decide on a budget which they can afford to lose and then stick to it when they do lose it.
Gambling Myth #4: Pokies are Beatable
The Facts: There are many people out there that believe that a good strategy and game plan will give you the edge when playing online pokies. The truth is pokies are not affected by your input. While a responsible game plan can help you mitigate losses, it sure cannot manipulate wins.
If you want to play games where your decisions and strategies make a real difference to the outcome of the round, then you should explore playing Blackjack or Poker. These are considered games of skill.
When playing Blackjack or Poker at optimum strategy, you can diminish the house edge down to a fraction of a percentage. This means that your odds of winning in these games are far higher than on games of chance like pokies, keno, or the Lotto.
In Summary
Be sure to watch out for punters that try to pitch gambling as a sure thing. It is what it says it is – a gamble! There is always a high risk involved.
If you would like to try your luck on pokies or try your hand at Blackjack or Poker, then be sure to sign up to an Aussie-friendly DiceDealer approved casino to explore your options.