Most Common Gambling and Casino Myths AnalyzedCasino
Gambling has been a popular form of pastime for many years. The history of gambling in one form or another goes back to ancient civilizations. However, most of the classic casino games appeared relatively recently, a few centuries ago. For instance, people used to play roulette, blackjack, baccarat, and other gambling options that ensure exciting games and the chance to win real money. However, the gambling industry achieved the most impressive results in its development precisely because of the advent of Internet technology.
Since gambling entertainment is about as old as this world, many legends and myths associated with it have accumulated. While some myths concern land-based gambling, others have emerged since casino games became available through a web-based interface. In this article, we will take a look at a few of the most common gambling myths and analyze them to find out if they have anything to do with the real state of affairs or if they are just pure fiction.
Myth #1 - Gambling Establishment Always Wins
One of the myths about gambling that makes many skeptics stay away from it is that casinos always win. This is partly true, as any gambling game whether it is a slot machine, roulette or blackjack has a home advantage. This means that in the long run, the gambling establishment is always in the black. To understand how this works, let's look at a simple example.
Suppose an online casino has a slot machine with an RTP of 95%, which means that the house advantage in that game is 5%. When we say "in the long run" we mean long gaming sessions with 1,000+ game rounds played. Let's say that over the course of 1,000+ game attempts, gamers have spent $1,000 on wagers. Under ideal circumstances, this would mean that the casino made a profit of 5% x $1,000 = $50.
However, because most casino games are games of chance, winnings and losses are not evenly distributed over the playing sessions. This means that while 10 players lost most of their money, 2 or 3 walked away with good winnings. So, you should consider a casino as a place which allows you to play a game of chance by paying a guaranteed fee to the operator for such an opportunity.
So, while it is true that casinos do have an advantage, it does not mean that every player is guaranteed to lose. To see for yourself, join VipArabClub online casino and try games from its library. Additionally, you can check the payout statistics and user reviews to make sure the place is paying out your winnings.
Myth #2 - You Can Predict the Outcome of Casino Games
This is another common myth that confuses newcomers and gives them a false idea of how casino games work. This myth has its roots in land-based gambling establishments where there were so-called "hot" and "cold" slots. Some gamblers believed that a slot that did not generate payouts for a long period of time was "hot", and could generate big cash prizes in the short term. However, land-based slots also use RNG, and therefore all game results are random and in no way related to previous ones.
As for the RNG-based online casino games, the claim that you can predict game results with respect to them is also nothing but a myth. Online casino games available in the virtual lobby of VipArabClub are based on robust RNG algorithms regularly checked by independent experts. This is a guarantee that all the casinos are fair and do not generate results based on the previous ones.
Myth #3 - Gambling Can Make You Rich Quickly
While the previous two myths were relatively harmless, this one can have a negative impact on many who do not know how gambling works. Since every gambling game has a house advantage, there is no guarantee that your next gambling attempt will result in a big payout. Therefore, we recommend that you treat gambling as a form of entertainment and not a way to make a living.
However, things change a bit when you are dealing with skill-based games such as blackjack or poker. For instance, learning a basic blackjack strategy will minimize a house advantage because you'll be able to make the best decisions in different game situations. In addition, by mastering the card-counting technique, you can theoretically even gain some advantage over the house. However, keep in mind that using a card-counting technique only makes sense when you're playing live dealer blackjack.
As for poker, your success in this game depends largely on your skill level as well as your playing experience. Furthermore, poker (Omaha, Texas Hold'em and other versions) is a game where you play against other players, not the house. Your success at poker depends on many things including your risk tolerance, the ability to read tells, the ability to make decisions with a cool mind, and others. However, to become a poker pro, you'll have to put in a lot of time and effort. So, even a game as unique as poker won't make you rich fast if you're new to it.
Myth #4 – Online Gambling is Illegal
Although online gambling is indeed illegal in some countries, it has already gained legal business status in most parts of the world. One of the reasons why many countries have legalized online gambling - or are already thinking about doing so - is that gambling can generate good profits for the state in the form of tax deductions. The second reason is that people are always drawn to what is forbidden. And as practice shows, many people easily circumvent the ban on online gambling by using VPN services and secure web browsers.
Apart from countries where gambling is banned or legal, there are also so-called grey areas where there is no legislation regulating online gambling. Residents of such countries can get unrestricted access to online gambling entertainment through offshore gambling websites. Eventually, given the pace at which the modern gambling industry is growing and the number of participants involved, many countries will soon pass laws legalizing online gambling.
Myth #5 – Online Casino Games Are Rigged
Many people hesitate to play on gambling sites because they think they have rigged games. As old as the online gambling industry itself, this myth is not true if you play at a licensed online casino. To make sure the casino of your choice offers games that generate fair and unbiased gambling results, check a few important things:
- License. In order for the iGaming platform to operate legally and comply with current regulations, its operator must obtain a gambling license from an authorized body. While some countries have their own national regulator responsible for issuing a license, there are also bodies whose licenses are recognized by many governments and therefore have an international status. For example, in Arab countries, the recognized reputational regulators are UKGC, Curacao eGaming, GBGA and MGA.
- Certifications. Besides the centralized authorities responsible for controlling and monitoring the activity of operators and issuing licenses, there are also independent organizations which check the gaming platforms for compliance with the legislation in force. Such recognized organizations such as eCOGRA, TST, GLI and others check many different things including the background of the operator, the quality of the gaming software, the correctness of RNG in casino games, security mechanisms used for gaming and financial transactions and also how the operator adheres to the responsible gaming practices.
- Software and gaming product providers. There are several leading online gambling providers with well-known names including Microgaming, Playtech, NetEnt, Evolution Gaming and several others. The fact that the casino of your choice is using the gaming products and software solutions of the designated brands is a good sign for you.
By checking these things out, you can have peace of mind that the games offered to you are not rigged and all winnings are paid out on time.
As society's perception of gambling remains ambiguous, it is not surprising that there are so many myths about both land-based and online casino games. While some myths have validity, others defy any criticism and are simply figments of one's imagination. When we debunk the myths above, we've given you a better idea of how gambling works and why you should have no fear of it, especially when you play at a casino that is trustworthy and reliable.
It's important to remember that you should only consider casino games as a way to have fun and brighten up your leisure time. That way, you'll avoid having to deal with serious losses related to your gambling activities. Although online casinos offer good winning chances, the advantage is always on the side of the gambling establishment, so you should avoid extended gambling sessions and learn to get out in time when you are in the black.
The only thing that is not a myth is that gambling can be addictive. So, we recommend playing on a reliable iGaming platform that offers useful tools that allow you to limit your playing sessions and perform reality checks. Although gambling can be fun and a great way to spend your free time, it is crucial that you treat it responsibly to avoid negative gambling habits.