Common Gambling Myths

When it comes to gambling there are a lot of myths floating around. The main problem you have as a player is that believing the myths can cost you money as you may play incorrectly based on a false idea. This article covers some of the most common myths and facts related to casino gambling.

Myths

Below is a list of some of the most common myths.

• If a game has a 95% payout percentage I will only lose 5% of my money
• A gambling system can help you beat the casino
• If a number has not come up on roulette it must be due to come
• A slot machine will not pay out for a while after a jackpot
• If you are on a losing streak you play on as your luck will change
• Pulling the handle on a slot machine gives a better chance of winning
• Gambling is a way to become a millionaire
• Tracking previous outcomes gives you a better chance of winning
• Slot machine payout percentage change based on the time of day
• Casinos pump oxygen onto the gaming floor to keep players awake
• If you use a slot card the machine will not pay out as well
• Counting cards in baccarat is a way to beat the casino
• Changing your bet size on a slot machine changes the outcome

Facts

Below are some facts about casino gambling that you cannot change.

• Over the long term the casino will always win
• There is no way to alter the house edge on casino games
• The next outcome is in no way effected by previous outcomes
• There is no system that can change the house edge
• The only people who get rich from gambling are the casino owners
• Gambling can be addictive

• The House Advantage
• Best and Worst Bets at the Casino
• Bankroll Management
• Common Gambling Myths
• Gambling Systems
• Poker Hand Rankings
• Comps and VIP Programs
• Responsible Gambling