January 28, 2021

Myths about casinos

Playing casino games both in a physical room and online is the most fun entertainment. Sometimes it can be quite profitable in terms of profit, but it can also be extremely risky.

One thing for sure is the myriad of myths around the casino industry that many of our readers will have heard of.

If we add to this that many players do not have a deep understanding of the operation of various casino games and the principles on which they are based, the number of misunderstandings can be immense.

In this sense, many of these players think that physical casinos and online casino pages deceive their clients, that it is possible to obtain better results in slot or roulette with a suitable strategy or that many existing casino games are manipulated. .

Another group of myths has to do with opinions about responsible gambling and gambling addiction, for example. In general, there is too much prejudice regarding the world of real casino rooms and online casinos.

With the preparation of this article we wanted to review some of the most common myths in the casino sector , also trying to confirm or deny what is said about them.

CASINOS CHEAT

Thinking casinos cheat is an extremely popular idea among novice players. But it is totally wrong in the vast majority of cases. The only certainty that exists is that the casino game operators already have a greater probability in their favor or, what is the same, they have the house advantage .

In a nutshell, the house edge is a regulated legal strategy that allows casinos to get a small percentage of each bet to cover the costs of operations and to make their investment profitable. Therefore, both physical and online casino owners have no reason to scam their players.

In this case, we always refer to casino and pages that have been regulated by competent administrations or entities. It is true that there may be gambling halls and casino pages that try to defraud their visitors, but these are those that do not have an official license to operate .

In any case, it would not be difficult to discern these fraudulent casinos from those that comply with the law . As for the physical casinos it is quite simple, since they usually show a very suspicious degree of underground .

In relation to fraudulent casino pages, it is not difficult to detect them either. Unlike reputable and legal software providers like Microgaming or NetEnt, there are other pages that do not have the seal or approval of regulatory entities.

ONLY LUCK MATTERS

Although casino games are games of chance and based on luck, the role of player skills is also important in certain games.

There are games like video poker, baccarat or blackjack, for example, that require proper planning, design strategies and a lot of calculation. Still, chance plays a crucial role in solving each game.

THE ONLY THING THAT MATTERS IS SKILL

As in the previous myth, this is not completely real. Except for a few games we’ve named above, a player’s abilities are hardly relevant in casino games.

In slot machines, roulette , keno or bingo, for example, luck plays a decisive role, since none of the player’s abilities influence the final resolution.

TRENDS CAN PREDICT THE NEXT RESULT

This myth is also known as the gambler’s fallacy , which we’ve already discussed in detail in this article . Simply put, the gambler’s fallacy is based on predicting future events keeping in mind that past events have an influence on them. In this sense, four aspects are taken into account when we talk about the gambler’s fallacy:

  • A random event is more likely to occur because it has not occurred for a certain period.
  • A random action is less likely to happen because it has happened for a certain period.
  • A random event is more likely to occur if it did not occur recently.
  • A random act is less likely to occur if it occurred recently.

Let’s say you are playing roulette online and the ball falls 5 times in a row in red. From here you can make two assumptions:

1: Red is a magnetic color, so you think the ball will fall on that color again.

2: The ball falls into the red too regularly, so on the next shot the ball will land on the black purely for statistics.

In this case, both ideas are wrong , since the result will again be totally random, regardless of what the previous result was. In fact, future events in games of chance are not based on past results, but all the results have the same probability of appearing again.

LUCK CHANGES

The last point is highly linked to the previous one, since both are based on similar cognitive biases. During the game, we convince ourselves that a losing streak cannot last forever. Can be? The answer is yes.

Our brain is a complex mechanism that protects us from anything negative. Therefore, the idea of ​​luck will change for the better. Online casino games are based on the RNG or Random Number Generator system .

This causes each play or action and its resolution to be completely independent, indicating that both bad and hot streaks can last for as long as it is played.

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