Even in this age of technological marvel, scientific reason, and computer-aided logic, there are various old myths and superstitions that still linger on in society. Casinos and gambling, likewise, have various lingering misconceptions surrounding them, that have extended even to online casinos.
1. Hot & Cold
The notion of betting options being ‘hot’, likely to win, or ‘cold’, unlikely, is a long-standing casino myth that has plagued casino-goers since their very beginning. It is basically a false instinct, or misguided attempt to anticipate wins based on what seems logical or appears to be a part of some sort of predictable pattern.
All casino games, with the small exception of poker and blackjack, and only to an extent, are designed to be games of random chance. This means every game, no matter how many wins or losses that come before or after, has exactly the same potential to win, or lose. Also known as ‘the gambler’s fallacy’, this is exactly what leads many towards compounded loss.
2. Casino Games Are Rigged
This misconception largely comes from basic mistrust, though also from a misunderstanding of ‘house edge’, which in games like slots is interpreted as RTP.
Though casino games like the ones you can enjoy at Black Lotus casino are designed to be fair, random and unpredictable, they are, however also offset with what casinos call ‘house edge’. This is literally the percentage of ‘edge’, or advantage, that the casino has over the player in every game, and in every bet that is placed.
Basically, the higher it is, the more chance of losing over time. It is specifically a time-based factor, made to ensure casinos gain profit in the long run. It is vital that you have a good understanding of house edge to mitigate its long-term effect.
3. VIP Status & Loyalty Cards Make Casino Games Easier
A simple but common misconception. Having VIP standing and loyalty cards does have numerous perks and conveniences. They may even help to improve your chances in the long run. However, the games themselves function exactly the same for everyone, regardless.
4. Trying To Beat House Edge With Betting Systems
In short, house edge is specifically designed to be unbeatable. One should only expect to mitigate its effect over time, rather than nullify it completely, let alone gain advantage over it in a single session. Betting systems, such as the Martingale and Paroli which claim to be able to beat house edge are based on faulty logic like the gamblers fallacy and shouldn’t be trusted.
5. Lucky Numbers & Talismans
This sort of superstition can be relatively harmless if it’s done while also gambling in a responsible and informed manner. It should be needless to say though, that relying solely on lucky numbers and charms, is basically asking for trouble.
Know The Facts To Win
In the end of the day, what it boils down to is a good understanding of odds, house edge, game rules, and long-term betting strategy, involving diligent money-management. These are the only proven ways of gaining a winning edge in casino games. Avoid the above and you will have a far better chance of winning big.