5 Popular Gambling Myths Worth Busting in 2020

As with any other popular pastime, the gambling community has produced its own fair share of myths over the years. Gambling relies heavily on luck, which is something people feel they have absolutely no control over. This is why they tend to come up with different ideas and misconceptions that help ease their frustrations. 

Some myths are pretty old and can almost pass as an unwritten law among gamblers, so no matter how many times they’re busted, some people will stand by them indefinitely. Others are newer, but still fueled by the same desire to make sense of a system people may not understand completely. 

Down below, we go over some of the most popular and controversial myths about gambling.
 

Gambling is all about luck, no strategy

One of the most common myths about gambling is that it’s all about luck and requires little to no skill or strategy. This is not exactly true. Many casino games require some degree of skill or planning. A few examples of this would be poker strategies, card counting in blackjack or the clever and intentional use of the nudge and hold features in slot machines.

The more you play, the more chances you have to win

Also known as the gambler’s fallacy, this idea presupposes that you are due a win if you’ve played long enough. This is not only wrong, but it can also be a controversial strategy to implement in your gambling activities. The truth of the matter is that the outcome of any casino game is independent of the previous or the next one. So, at the end of the day, it’s all about luck and sometimes, the right amount of skill and strategy.

Casinos adjust game outcomes after a winning streak

There’s this idea that has been floating around for ages, in some shape or another, that casinos are always somehow working against the players. For instance, many gamblers believe that casinos go in and adjust game outcomes after a player’s long winning streak. The truth is that casinos don’t need to micromanage every player’s activity, including their wins and losses. Any game’s built-in mechanics will take care of that. 

Slot machines have hot and cold streaks

There is no such thing as hot and cold streaks in slots. A particular slot machine may have a period of time when it pays out more frequently, followed by one when it doesn’t pay out as much. However, this is not part of the machine’s programming and can only be attributed to chance.

Progressive jackpots can only be won by high rollers

Progressive jackpot enthusiasts sometimes worry that they cannot win the online slot game unless they bet really high. While this happens quite frequently, it is by no means a rule, nor is it something that can be controlled by online casinos. Again, it all boils down to chance, so essentially anyone can win a progressive jackpot in online slots.

FINAL THOUGHTS ON GAMBLING MYTHS
This is by no means an exhaustive list of the myths surrounding the gambling community, but they are some of the most compelling ideas that have been on players’ minds for years. Chance is a very volatile thing and will always spark new ideas and myths. Hopefully, we helped clear out some of these misconceptions and contributed to a more informed and exciting game experience.