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Casino Gambling Myths

There are a lot of myths that surround the world of online gambling. You couldn't wish for a better breeding ground, especially when you hear stories of a person walking into a casino with their last R100 and in a short space of time walk out an instant millionaire.

This world is made up of many interesting people who use luck, skill and anything else to make a fast buck to beat the betting systems.

There have been many interesting stories, some based on facts and others which may have happened a long time ago. The point however is, over time facts become distorted and these stories become myths.

Spend some time going through some of the points below and you may just become a little wiser to some truths about Myths.

Gambling Myth 1

Casinos can loosen the slot machines at the entrance to attract players.
Myth
All modern slot machines are state-of-the-art and controlled by sophisticated computer chips that are programmed according to specific standards, local custom and the basic bet size.

Gambling Myth 2

Video Poker machines have different payouts for the very same hands.
Fact
Do your research and find a maximum payout machine. If you can't, you're just giving away your money.

Gambling Myth 3

Casinos do give away free money.
Myth
Some Casinos seem to offer free money, however there are always two sides to this free offer.

a.) Yes, Most online Casinos will increase your initial playable amount by a percentage varying anything from 25% to 1000%.

b.) On the other hand there is always a minimum wager attached to the free bonus offer.

e.g. A Casino offers you a R250 Free cash offer and they apply a twenty five (25) times wager. An example of the minimum wager - (e.g. R250 x 25 = R6250) before requesting a withdrawal.

Gambling Myth 4

If a slot machine offers a return of 93%, does that mean that I'll leave the machine with 93% of my money after playing?
Myth
On a 93% return machine, the average slot player actually leaves with about 57% of their money. This in the Gambling industry is what is known as ' churning '. It happens because players don't actually pocket their winnings, they put them right back into the machine.

Gambling Myth 5

Before you play any game, you should invest in a book that tells you how to beat the odds.
Myth
Understanding the game and the odds can help you be a better player, sure. The probabilities that determine the payouts of any particular game always favour the gaming industry. So unless you're somehow figured a way of cheating, not any one person will beat a game of chance in the long run.

Gambling Myth 6

I always have good luck when I bring my lucky charm with me to play.
Myth
Nothing brings you that much luck that you will beat the odds in the long run. Just make sure you make bets you can afford. As the saying goes - Gamble with your head, not over it or with your heart.

Gambling Myth 7

When playing roulette, if a number hasn't been hit in a while, it's due.
Myth
That type of thinking is so absurd it even has its own name - "the gambler's fallacy" Each spin of a wheel is a totally random event, which means runs will happen very randomly. You just never know when they'll begin or end.

Gambling Fun Facts

( This information is credited to - Superior Casino's Blog)

  • Annually Las Vegas receives around 37 million visitors.
  • Las Vegas has 1 slot machine for every 8 of its inhabitants.
  • LV became officially a city in 1911 and its name comes from the Spanish: “The Meadows” or “Abundance”
  • The suits in a standard deck of playing cards represent ancient kingdoms and regions in human history.
  • The Spades represents Middle East, the Clubs represent Ancient Greece, the Diamonds represent the
  • Roman Empire and finally, the Hearts represent the Holy Roman Empire.
  • The typical playing cards as we know them today got their final shape and design from 15th century France.
  • In the 15th century, Europeans began to use the face cards (J,Q,K) to represent famous figures in history.
  • The king of Spades is supposed to represent David, king of the kingdom of Israel. King of Hearts represents
  • Charlemagne or Charles the Great, the famous king of the Franks in the 8th century A.C. King of Diamond
  • portrays Julius Caesar.
  • Finally, the king of Clubs is inspired by Alexander the Great, the legendary king of Macedon. The Queens and
  • Jacks of the deck also represent historical or mythological figures. The Jack of Diamonds, for example,
  • represents Homer’s Hector. The Queen of Spades represents Pallas, the Greek Goddess.
  • The very first slot machine to appear was developed by Charles Fey and was called “The Liberty Bell” in 1895.