Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

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


MORE RESOURCES:

Tallahassee.com

House panel hears casino gambling bill
Tallahassee.com
House Majority Leader Dana Young said she wanted to get a discussion going on gambling Thursday, so a committee heard about everything from glamorous mega-casinos to dying greyhounds in a four-hour hearing. Whether legislators will make any major ...
What social casino games can teach you about F2P successPocket Gamer.Biz
Florida debates gambling as big players lay down their betsBayoubuzz

all 66 news articles »


Atlanta Business Chronicle (blog)

Casino Gambling Legalization Introduced; Projections Suggest $250M For HOPE
Peach Pundit
Today, a bi-partisan group of lawmakers has dropped bills that would pave the way for Georgia to aim higher and assert itself into the major leagues of casino gambling. Supporters of HR 807 and HB 677 tout a potential payoff of 10,000 construction jobs ...
Exclusive: Bills would legalize casino resorts in GeorgiaAtlanta Journal Constitution
Georgia lawmakers to look at legalizing casinosAtlanta Business Chronicle (blog)
Rep. Stephens files legislation that would bring full gambling t - MyFoxAL.com ...FOX6 WBRC - MyFoxAL.com

all 15 news articles »


Bradenton Herald

Don't spread casino gambling across Florida
Bradenton Herald
Florida should not become another Nevada with gambling casinos strung across the state, but that's the possible scenario with pending legislation in Tallahassee. Instead, the state should be renogtiating its exclusive gaming agreement with the Seminole ...

and more »


This is the year to expand casino gambling
Chicago Tribune
If the Illinois Legislature is ever going to pass a casino expansion bill, the odds are good this is going to be the year. Both the state and Chicago are facing major financial problems that will be worsened if the Illinois Supreme Court rules, as ...



Where Kentucky governor candidates stand on gaming
Newsandtribune
β€œHe does not believe casino gambling is a long-term solution for any of Kentucky's financial problems, so that will not be a priority for his administration.” β€’ James Comer β€” Campaign director Edwin King would not say if Comer personally supports or ...

and more »


Online Poker.net

New York Looks To Expand Casino Gambling Before Online Poker
Online Poker.net
New York Looks To Expand Casino Gambling Before Online Poker New York currently has five Native-American casinos, and nine racetracks with video lottery terminals, but between 2013 and 2014 gambling revenues were down by 0.8% (after inflation), ...

and more »


CardPlayer.com

Connecticut Looks At More Casino Gambling
CardPlayer.com
The state of Connecticut is looking to expand its gambling industry to keep up with competition in the region. Many in the state are worried about new casinos being built in Massachusetts and New York. Other nearby states like Pennsylvania and Maryland ...
Connecticut lawmakers, Native American tribes push for 3 new casinos to ...MassLive.com
We started casino war and now we're losing itJournal Inquirer
Connecticut's Casino Expansion Meets An Obstacle: Public OpinionHartford Courant
The Daily Voice
all 185 news articles »


Crossmap

GTA 5 Online Heists: Casino, Gambling DLC Release Leaked: Players Could ...
Crossmap
New details surfaced online purporting the release of GTA 5 Online Casino DLC has been revealed by an avid fan and added that this new expansion pack is about Casino, Slot Machines, Lottery, and Gambling where players can win millions of dollars.

and more »


Sun appears setting on casino gambling
Nashua Telegraph
Alittle more than two years ago, Gov. Maggie Hassan made the licensing of a single destination resort casino in southeastern New Hampshire a crucial funding source for her first two-year budget. Hassan took a lot of heat for championing the casino ...



Nation News

Avoid dangers of casino gambling
Nation News
In a word, legalisation of casino gambling will further erode the social fabric of this country. There are now stories making the rounds of school-age children being taken on board cruise ships for the purposes of prostitution. Casino gamblers are not ...

and more »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright © 2006 Luminati Inc. All rights reserved.