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Author Topic: Gambling Myths that we often hear  (Read 1252 times)
Fatunad
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August 09, 2022, 09:10:18 PM
 #21

Quote
Myth 3: If You Keep Playing, You Will Eventually Win Your Money Back.
>> Fact: The longer someone remains in active gambling addiction, the greater the losses.
This is what makes gambling business is so profitable due to this kind of behavior of most gamblers or lets say they could really break even if they do tend to play even longer
and this one would even make the situation makes more worst and people should really realize these things but if you are willing to lose all of those amounts you do have or solely
been intended for the use of gambling then it should be find but if you are compromising already your life savings then its a different story.
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August 09, 2022, 09:34:50 PM
 #22


Yes. The Myth 11: Feeling Lucky Means You’re Going to Win

When all are set which the coins I've got are already sent to my cold wallet yet few are still  left on the exchange, I tried my luck on casinos thinking  I could get luck with just one roll of a dice or lottery. Who knows. Rarely happen but whenever I get the extra lucky feeling I roll, I  don't compare the pros and cons  when I think I'm lucky.
Feeling lucky those not necessarily means we are going to win a bet especially if it is a kind of fixed bet like football matches where winning does not based on lucky but efforts of the team you have chosen.  Gambling can be difficult most time and we should always try and understand the kind of game we are playing before we consider these myths of gambling. This can work sometimes but not often. I had felt lucky many just to be in a positive.ood that could help me win but nothing positive happens.

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August 09, 2022, 09:41:05 PM
 #23

Is myth 9 really a myth, like I don't hear people say that. Yeah, gambling might stir up some crime in addictive individuals but I think gamblers and the world knows better that, it just doesn't. Does prone to crime would always be drawn to it and it doesn't matter the field of human endeavor they are attached with.
It is good to gambling responsibly, addiction can lead to feeling of killing oneself, suicide or criminal activities. If someone gambles responsibly, he will be able to manage his finances carefully and appropriately, but some people that were lucky and had one chance of success, if they gamble and become addicted until all the money they had got lost to gambling, they can become helpless, not hopeful again and involve themselves in criminal activities. But home criminality is common, like stealing from one's father, which might not have been like that. Also it can lead to other ones like robbery, but I have only read about one of this type on news.
Being responsible and being aware on your actions towards gambling because if you are expecting too much and really believing that you could make money out of it but turns out on opposite then that would really be ending up on great frustration and when you are on the state then the feeling of being impulsive would be there then this is where bad decisions and actions would be made.
Stick on being realistic and dont believe on things which arent even true or cant be possible thats why be wary and set limits then you wont really be facing any problems
that do attached with gambling.

R


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Johnyz
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August 09, 2022, 09:52:36 PM
 #24

Most of these are true but gambling addiction is indeed very hard to cure. Almost impossible. That’s because most gamblers don’t admit that they are sick in the first place. They simply don’t want to be cured because they think they are perfectly fine. To them, gambling is the only way to live the life.

You can’t really cure a person that don’t want to be cured.

The moment they get some money, they’ll gamble it all again.
Addiction is a rare disease which is very hard to recover if you wont help yourself and ask for others help as well. There’s always an answer for all this gambling myths, we just need to be more committed especially when it comes to recovery from a big addiction in gambling. Imagine putting yourself on a big trouble, there’s a chance to get away from that so better not to lose hope and if you think gambling is really not ok for you, leave the casino right away.
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August 09, 2022, 09:56:30 PM
 #25

Quote
Myth 3: If You Keep Playing, You Will Eventually Win Your Money Back.
>> Fact: The longer someone remains in active gambling addiction, the greater the losses.
This is what makes gambling business is so profitable due to this kind of behavior of most gamblers or lets say they could really break even if they do tend to play even longer
and this one would even make the situation makes more worst and people should really realize these things but if you are willing to lose all of those amounts you do have or solely
been intended for the use of gambling then it should be find but if you are compromising already your life savings then its a different story.
continuing gambling will never end and will never make us win. Greater loss will coming due this myth, some betting operation keep shilling this quote as if this is real. Longer time we were on table , more money will lose and we will never get our money back. People never know this adduction could make them poor.


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August 09, 2022, 10:19:33 PM
Merited by The Sceptical Chymist (3)
 #26

Quote
Myth 3: If You Keep Playing, You Will Eventually Win Your Money Back.
>> Fact: The longer someone remains in active gambling addiction, the greater the losses.
This is what makes gambling business is so profitable due to this kind of behavior of most gamblers or lets say they could really break even if they do tend to play even longer
and this one would even make the situation makes more worst and people should really realize these things but if you are willing to lose all of those amounts you do have or solely
been intended for the use of gambling then it should be find but if you are compromising already your life savings then its a different story.

Counter-operations on everything in life are absurd, and the same is applicable in gaming. If you lose, accept it and move on to the next thing, there are other days to win rather than being stuck on a loss that will leave you with regrets and some terrible judgments.

If your first impression of gambling is to win money, you should keep in mind that you could also lose what you are playing. This will guide you more on your gambling quest, especially if you intend to use money that is not yours or life savings because these are the things that can make a gambler becomes depressed when they lose money.

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August 09, 2022, 10:29:21 PM
 #27

Quote
Myth 6: Knowing a Game Well Increases Your Odds of Winning
>> Fact: Gambling games are designed to not have any aspect that will increase the odds of winning purely out of knowledge or skill.
Card counting in Blackjack would have never been disallowed in all casinos if this was the case. They were forced to make changes to the game because some players were too skilled or crafty to beat the house.

There are so called skill-based games for a reason. Knowledge of the rules doesn't guarantee winnings but it may increase your odds.

R


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August 09, 2022, 10:31:52 PM
 #28

Quote
Myth 3: If You Keep Playing, You Will Eventually Win Your Money Back.
>> Fact: The longer someone remains in active gambling addiction, the greater the losses.
This is what makes gambling business is so profitable due to this kind of behavior of most gamblers or lets say they could really break even if they do tend to play even longer
and this one would even make the situation makes more worst and people should really realize these things but if you are willing to lose all of those amounts you do have or solely
been intended for the use of gambling then it should be find but if you are compromising already your life savings then its a different story.
continuing gambling will never end and will never make us win. Greater loss will coming due this myth, some betting operation keep shilling this quote as if this is real. Longer time we were on table , more money will lose and we will never get our money back. People never know this adduction could make them poor.
not necessarily friends, on the contrary there are those who can survive in gambling, everyone is different in running gambling there are casino games, betting on sports. if you don't want to lose a lot of your money, it's all up to you each with a way of controlling thoughts and emotions. too much to lose will otherwise be chaotic, mentally damaging. everything needs experience so it doesn't happen again

R


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August 09, 2022, 10:44:50 PM
 #29

Quote
Myth 3: If You Keep Playing, You Will Eventually Win Your Money Back.
>> Fact: The longer someone remains in active gambling addiction, the greater the losses.
This is what makes gambling business is so profitable due to this kind of behavior of most gamblers or lets say they could really break even if they do tend to play even longer
and this one would even make the situation makes more worst and people should really realize these things but if you are willing to lose all of those amounts you do have or solely
been intended for the use of gambling then it should be find but if you are compromising already your life savings then its a different story.
continuing gambling will never end and will never make us win. Greater loss will coming due this myth, some betting operation keep shilling this quote as if this is real. Longer time we were on table , more money will lose and we will never get our money back. People never know this adduction could make them poor.
not necessarily friends, on the contrary there are those who can survive in gambling, everyone is different in running gambling there are casino games, betting on sports. if you don't want to lose a lot of your money, it's all up to you each with a way of controlling thoughts and emotions. too much to lose will otherwise be chaotic, mentally damaging. everything needs experience so it doesn't happen again
Learning do always comes in the end and this is where we do get experience and if there are things that you havent encountered before then for sure you would really able to experience those outcomes
since you arent aware on what you should gonna do on a particular situation and then in next time then you are full aware and this is where you do make appropriate action since you've been there already.
Gambling in general sense isnt bad but if you are making yourself some bad decisions that would compromise out specially on financial aspect then this is where things go wrong.
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August 09, 2022, 10:48:57 PM
 #30

Quote
Myth 6: Knowing a Game Well Increases Your Odds of Winning
>> Fact: Gambling games are designed to not have any aspect that will increase the odds of winning purely out of knowledge or skill.
Card counting in Blackjack would have never been disallowed in all casinos if this was the case. They were forced to make changes to the game because some players were too skilled or crafty to beat the house.

There are so called skill-based games for a reason. Knowledge of the rules doesn't guarantee winnings but it may increase your odds.
Some gambling places do apply that way because card gambling is a little easier if they are skilled and have the expertise to read the cards they are holding then that will make him the winner but now it's not like that, in the middle of the game sometimes the cards are shuffled again so a little it is more difficult to get a win in card games

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August 09, 2022, 10:55:58 PM
 #31

I'll add that many (newbies, kids) think that Martingale or similar strategies are a safe win. Of course, until they face a long enough losing streak... Does it count?

Majority of those who started gambling, started by using this strategy I admit when I was a newbie I thought martingale is 100% effective as long as you can keep it up because the logic is simple doubling up so you can regain what you've lost, yeah this one should be included in your topic because so many falls into this myth until they get busted and realize by taking on the other gambler's experience and from their experience.

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August 09, 2022, 10:57:09 PM
 #32

Myth 11: Feeling Lucky Means You’re Going to Win
>> Fact: Distorted beliefs about luck are a key mechanism in developing gambling addiction.
(....)
I can really relate here, you really can't control your hand, especially it is already itchy to gamble and that's the time you are very excited and you always keep thinking you are lucky, for me it will always come from our self, if you feel lucky, you are lucky if not you are not.
And yeah, I more agree with the fact, could be sign of gambling addiction too.

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August 09, 2022, 11:22:11 PM
 #33

Ignore myths about gambling, it is a dangerous road for money, enjoyment, and your health. The fact that these myths still exist and are being spread proves once again that we do not realize how susceptible our brains are to over-shifting patterns. Yes, you can win if you play long enough, but is it worth it? Is it a sound financial decision? It is always wise to understand how things work, remember the fundamentals and avoid easy shortcuts. Remember, there is truly no such thing as a guaranteed win, on the Internet or offline.

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August 09, 2022, 11:43:05 PM
 #34

Ignore myths about gambling, it is a dangerous road for money, enjoyment, and your health. The fact that these myths still exist and are being spread proves once again that we do not realize how susceptible our brains are to over-shifting patterns. Yes, you can win if you play long enough, but is it worth it? Is it a sound financial decision? It is always wise to understand how things work, remember the fundamentals and avoid easy shortcuts. Remember, there is truly no such thing as a guaranteed win, on the Internet or offline.


If you happen to go into gambling, you should know the possible repercussions of this habit.
But if you are just an occasional gambler, where you only gamble if you have extra funds and if you want to bet on particular sports,
that's fine. Those myths don't matter to you because you are only here for your short-term targets.
But once you get too deep in this industry, that's when you will start encountering troubles.
Not only your financial, but emotional or your mental health.
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August 09, 2022, 11:59:45 PM
 #35

Let me add another gambling MYTH.

"I bought this _____ (any material thing) because I won the jackpot in the casino last night"

Well, for how long have you been playing in the casino to get that jackpot?
and how much money you have wasted just to get that jackpot?
The jackpot amount might not be enough to cover all the losses you made since day 1 of your gambling journey lol
Is it saving more effective? but yeah I get it, saving is not fun though I totally understand that coz me myself struggles a lot when it comes to saving money lol.
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August 10, 2022, 12:00:35 AM
 #36

Myth 3: If You Keep Playing, You Will Eventually Win Your Money Back.
>> Fact: The longer someone remains in active gambling addiction, the greater the losses.
This is exactly what an addicted gambler will say to people who ask for stopping. They will think that more they play, they will win and turn back the money. But even for several years and until they have nothing to gamble, they can't  Grin
Gambling addiction is aldangerous and this thought about keep playing will turn back money, is exactly myth.

I do agree with you, ignore myths whatever in gambling because gambling is not related to them. Gambling should be rational, avoid if we can control ourself in spending money to gamble before we get addicted. Think twice at first before entering gambling world whether we are aware and able to control ourself or not. If we can, just continue to play gambling rationally and responsibly.  

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August 10, 2022, 12:23:26 AM
 #37

~snip~
Myth 6: Knowing a Game Well Increases Your Odds of Winning
>> Fact: Gambling games are designed to not have any aspect that will increase the odds of winning purely out of knowledge or skill.

Although I agree with the others, I would say knowing a game well does increase your odds of winning.

This doesn't apply to every game though, as most are based on pure random. Also, knowing the game well will allow you to know the odds you're getting when you play, so you won't play games that are horribly bad for the gambler, instead you will only play those that are closer to 50/50.

There are games like poker for example, in which there are skills involved, you could in theory keep the count of cards that have been played, etc, and that definitely increases your odds of winning, as the game is not 100% random any more, things have changed in the game which affect the odds of future things happening, so if you can keep track of it, you can be in a slightly better position.

Still, I agree that games are designed so that the house has an advantage, but knowing the game well in some cases does indeed increase your odds of winning.

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August 10, 2022, 01:03:19 AM
 #38

If i remember correctly, there is an existing thread that has the same topic just like this weeks ago but it ends up in the trash. Idon't know the reasons why it was trashed by mods. Well, i look for it won't happen to this thread too.

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August 10, 2022, 01:13:10 AM
 #39

Myth 6: Knowing a Game Well Increases Your Odds of Winning
>> Fact: Gambling games are designed to not have any aspect that will increase the odds of winning purely out of knowledge or skill.

I have to disagree with this point, at least when it comes to sports games.
Sports games or similar that who is based on some real-world event (and not just luck) have a real chance of providing profit for those who play smart.
Consequently, the winnings tend to be smaller than in gamblings like dices, roullete, cards, etc, but in my opinion it's possible to make a profit if the player has a deep knowledge of the bets he is placing and if he knows how to do it in an intelligent and well-planned way on sports games.

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August 10, 2022, 01:24:58 AM
 #40

Like you said, it is because of those myth people starts or can't stop gambling. They first start gambling thinking that it is a one time thing and won't get addicted. But somehow they win some bets and becomes addicted to gambling. The adrenaline rush they get is what makes them come back to gambling. And then after few wins, they think that they can actually start making some quick money and get rich over night. They still keep on believing that they aren't addicted because "they can't get addicted to gambling".

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