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Gambling Myths: What You Absolutely Need to Know


Gambling is considered a game of luck and chance. As the outcome is usually unsure, there are various myths that surround the world of gambling. However, as is mostly the case, these myths are nothing but superstitions that can be refuted by facts.

The premise that gambling involves luck is not concrete. Mathematical matrices and probabilities are tools that can be used to calculate one's odds. In fact, the casino's all operating on these strategies to be the winner in the long run. If the players had an advantage on the casino, the casino would suffer huge losses. Each casino has a pre established house percentage which determines how much advantage it enjoys over the player. These percentages are usually kept small, yet the casinos earn huge profits owing to the frequency of losses and the volume of players.

Blackjack, poker and slots are frequently surrounded by myths. Many creators claim that their betting systems are fool proof and ensure consistent winnings. This is all farce, especially knowing the mathematics of the casino and the concept of house advantage. No betting system can sustain for long periods, though it might get a few initial wins. Another talked about principle of winning is that of card counting in blackjack. Accurate card counting and placing all the cards requires pure genius. Even skilled players can take hours to place the cards. A faster method is to determine the odds of the game and then participate.

Slot myths can be quite entertaining. One of the popular myths is that the slots are monitored by the casino and it they who decide whether one would win or loose. In truth, there is no hidden camera or surveillance on the slot machines. The entire game is governed by computer programs and is quite independent of human interference.

Another myth is regarding the facilities provided by the casino to a winning gambler as compensation. It is believed that the casinos provide free rooms, meals and other amenities to the gambler who wins and that these gamblers are the best ones the casino has at that time. It is not the best gambler that the casino compensates every time.

Depending on the potential to pay, the casino compensates the gamblers. Free rooms and meals are provided to make the experience better even in case the gambler suffers huge loss. This helps in building good customer relations and customer loyalty, so that the gambler can be a good source of income in the future.

The tussle between religion and gambling is quite old. While some regard gambling as immoral, some think that gambling on festivals brings luck. A simple explanation can be the age of gambling. Gambling is perhaps as old as the concept of religion itself. Cards and dice games were popular recreational activities and were also used at times to predict the future. Thus gambling and religion can be intricately linked but do not oppose each other.

Myths might be based on true incidents. But with time, they get distorted or blown out of proportion, to sound completely baseless and irrational. Speculation also gives rise to myths. These rumors are an entertainment that come along with the game and should be taken with a pinch of salt.

Mansi aggarwal writes about gambling myths. Learn more at http://www.gamblingmyths.com


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