People completely misunderstanding odds at the casino

[LUCKMCFLY]

Casino betting is very hard for many people to win unlike how it is easy for most gamblers to win from sports betting, there are some gamblers that their luck is in casino games hence they will be against your response but for those that have seen more luck in sports betting, they will support your response. I have experienced lots of profit from sports betting than I have experienced from casino betting and it is not easy when playing casino games as they depend completely on luck but sports betting does not only depend on luck as your experience can help you to win. The odds are not in your favour for casino games but if you are gambling through sports betting, you have a little chance of using your knowledge to make money.

Without a doubt, things are like this: winning at casinos is difficult, it's not so easy, but sports betting is only viable if you know a lot about the sports. Betting just for the sake of betting without knowing anything is useless, because it's like feeling cheated. Sports betting is very similar to trading, only trading requires more analysis, more skill, and many other things, but knowledge is key in sports betting.

[Onyeeze]

Yes, you are right. Online casinos operate entirely on a set algorithm. Where 24/7 service is available. So, the situation here is always the same. There is no problem of having a lot of pressure on weekends or holidays in online casinos. So, if someone thinks that he has found the solution to some special mathematical problems online and can do something good for himself, then he has made a completely wrong decision. Because casino gamblers will never understand the correct mathematical rules.

Right, online casinos is built to serve gamblers anytime they want to play the game, but people fall into the traps because the think a specific day or time will favour them, forgetting that it is built to be like that and this is why the games based on luck and chance, as one can't be able to predict or understand the game. So, thinking they understand the game more better by thinking a particular time or day can favour time often leads them into destruction and its good for one to just bet and leave the rest for luck to handle.

people who owns casino understand gambling very well more than the players of gambling, because they know that that is possibility of someone losing in gambling is higher than the possibility of winning so that is why you will see many of the casino set up their rules knowing that the gamblers must be the victim of it, so I believe that most of us who is into gambling not very well that casino platforms did not mean good for us but there are using us as a trap, you cannot win gambling regularly because you don't understand the game and it is again of luck before you can win so making a prediction in gambling cannot be assured that is why I said the owners of casinos no very well in games than the gamblers

[Insanity]

Yes, you are right. Online casinos operate entirely on a set algorithm. Where 24/7 service is available. So, the situation here is always the same. There is no problem of having a lot of pressure on weekends or holidays in online casinos. So, if someone thinks that he has found the solution to some special mathematical problems online and can do something good for himself, then he has made a completely wrong decision. Because casino gamblers will never understand the correct mathematical rules.

Right, online casinos is built to serve gamblers anytime they want to play the game, but people fall into the traps because the think a specific day or time will favour them, forgetting that it is built to be like that and this is why the games based on luck and chance, as one can't be able to predict or understand the game. So, thinking they understand the game more better by thinking a particular time or day can favour time often leads them into destruction and its good for one to just bet and leave the rest for luck to handle.

people who owns casino understand gambling very well more than the players of gambling, because they know that that is possibility of someone losing in gambling is higher than the possibility of winning so that is why you will see many of the casino set up their rules knowing that the gamblers must be the victim of it, so I believe that most of us who is into gambling not very well that casino platforms did not mean good for us but there are using us as a trap, you cannot win gambling regularly because you don't understand the game and it is again of luck before you can win so making a prediction in gambling cannot be assured that is why I said the owners of casinos no very well in games than the gamblers

The most widely held fallacy is that casinos win because they have a better idea of what's going to happen than the players. Truthfully, they don't have to forecast particular outcomes whatsoever. They are based on math, probability and the house edge, which assures them a house edge over thousands or millions of bets. This doesn't mean a player can't make a fortunate swing and end up with a profit every time, but it's a mistake that many make when they expect to get that kind of luck. The odds are always the same, whether you play during the day or at night. Or on a weekday or weekend. Knowing how to manage a bankroll and understand variance is much better than relying on luck and patterns.

[fruktik]

With modern gambling like today, it seems that there are still casino gamblers who think that way. Even though we can tell them about their mistaken thinking, it is difficult to change the way they gamble. 
Some gamblers are more receptive to input, but some gamblers are very difficult to advise. They only care about the way and what they believe. 
So, I think letting them gamble in their own way and think about the odds in the game is the best. Hopefully, they will realize it on their own.

Do you know when they'll understand? Only when they've lost a significant amount of money. And there are those who won't even be stopped by such an event. They'll continue to play until they receive the necessary help to overcome their gambling addiction. I was one of those players myself. I didn't want to accept anything. No arguments convinced me. I didn't care about advice, even from close friends. It was as if I was hypnotized. I was so captivated by slots that I couldn't think about them constantly. All my thoughts were occupied with them. It was simply terrible.

[jeremypwr]

If someone can't understand slot casino odds they should not gamble
I'm not sure if counting cards for online bj would work or not, I'd like to think it's still possible

[Barcode_]

Sometimes I do visit a casino in real life for entertainment purpose and also to try out my luck hoping to hit off a huge win in the casino. I often saw lots of gamblers crowding around the baccarat table as they watched the casino dealer dealing out the cards and every game results being recorded at the table screen with either a player win or banker win. If the game results on a baccarat table are 10 player wins in a row, I often see gamblers staking their bet on banker and they will continue to martingale their bets until a banker win round appears. But this is actually a misconception from most gamblers as the chances of either a banker win or player win are actually 50% each regardless of tie at every baccarat game, and of course most gamblers are in fact losing money using this strategy in gambling.

[ZeroVinsonN]

Casino betting is very hard for many people to win unlike how it is easy for most gamblers to win from sports betting, there are some gamblers that their luck is in casino games hence they will be against your response but for those that have seen more luck in sports betting, they will support your response. I have experienced lots of profit from sports betting than I have experienced from casino betting and it is not easy when playing casino games as they depend completely on luck but sports betting does not only depend on luck as your experience can help you to win. The odds are not in your favour for casino games but if you are gambling through sports betting, you have a little chance of using your knowledge to make money.

Without a doubt, things are like this: winning at casinos is difficult, it's not so easy, but sports betting is only viable if you know a lot about the sports. Betting just for the sake of betting without knowing anything is useless, because it's like feeling cheated. Sports betting is very similar to trading, only trading requires more analysis, more skill, and many other things, but knowledge is key in sports betting.

You need to be intimately familiar with the sports to even be able to place bets on sports with any confidence, most people just open the platform, look at previous head go head and do a crude evaluation of the teams playing against eachother and decide on who's going to win, that's not how sports works, if you don't know the sports then you are better of just going for slot games instead, sports gambling requires that you know the sports.

[swogerino]

To this day I realize many gamblers fall for stupid lies or fallacies.

For instance many still think a slot machine can be "loaded" as if in today's day and age any slot machine would depend on physical coins inside it to do a payout.

Then there's people that genuinely believe the previous result had anything to do with the following. If red comes out two times in a row, the third one still has a 50/50 chance to come out though...

For me the one that takes the cake though is people believing it's reasonable to count cards in online live blackjack. Like really what's the point of counting cards when the shoe is cut in the half of 8 whole decks? Maybe you reduce your risk of ruin a tiny bit but the house edge is still there and there's still a lot of entropy for so many decks that are perfectly shuffled. The shuffle even happens on camera so it's pointless to argue that there's tampering. But to try and count cards is just a waste of time. The casino will just keep winning from the edge it has.

I had forgotten completely about the coin belief, in fact one time a lot of people played Apex slot machines in 2007 or 2006 don't remember now but those slots were popular in the Balkans at that time, a lot of people lost several thousand dollars in a row and no one was touching the machine. I then tried my luck with 10 cent bet and the first spin full screen of plums like 3x5 full of them and second spin max win so in physical casinos based on my personal experience is not a legend but true.

[Betwrong]

To this day I realize many gamblers fall for stupid lies or fallacies.

For instance many still think a slot machine can be "loaded" as if in today's day and age any slot machine would depend on physical coins inside it to do a payout.

Then there's people that genuinely believe the previous result had anything to do with the following. If red comes out two times in a row, the third one still has a 50/50 chance to come out though... ~

Another misconception is that when you are a new user, a casino somehow shifts the odds in your favour to lure you into gambling on their platform, and then later shifts the odds 'back to normal' and you lose all your money, as always. The whole thing is just a product of their imagination. Gambling sites never change the odds like that. The odds are the same for everyone playing on the platform at any given time.

[sompitonov]

To this day I realize many gamblers fall for stupid lies or fallacies.

For instance many still think a slot machine can be "loaded" as if in today's day and age any slot machine would depend on physical coins inside it to do a payout.

Then there's people that genuinely believe the previous result had anything to do with the following. If red comes out two times in a row, the third one still has a 50/50 chance to come out though... ~

Another misconception is that when you are a new user, a casino somehow shifts the odds in your favour to lure you into gambling on their platform, and then later shifts the odds 'back to normal' and you lose all your money, as always. The whole thing is just a product of their imagination. Gambling sites never change the odds like that. The odds are the same for everyone playing on the platform at any given time.

I think the players are just making up different things in their heads to justify their losses. Some people build up whole conspiracy theories about casinos changing their odds, but I can only say one thing, it's always much worse if a beginner manages to win at the beginning of the journey, because because he starts to think and believe that it will always be like this and that just by pressing one button, he will be able to win all the time. He just wants to believe in the best, although he doesn't think about why millions of other players are losing in the long run.

[DrBeer]

There’s no fraud here at all,  everything is completely open and clear, if you look into it rather than believing in fairy tales and legends. But human greed and stupidity get the better of people. It’s more a matter of counting on these "traits" in people.
You yourself say that it’s all based on misconceptions and superstitions. Putting money in the Bible is the height of foolishness, considering that the Bible, to put it mildly, isn’t exactly on the side of gambling

The first rule of gambling for me has always been, “always remember that the odds are always against you” and I know how many times this has helped me in situations that I may have likely made some stupid decisions. But unfortunately not every gamblers know or even believe this, which makes them always wanna keep pushing their luck, even when it’s clear the odds are against them, this is why most gamblers end up making stupid mistakes all the time and that is no one’s fault but the gamblers themselves.

Essentially, we’re talking about a lack of critical thinking and self-control. And this creates problems everywhere and all the time-not just in gambling. Let me emphasize this again: games like Preference can be considered to offer a high chance of winning, since the outcome depends both on chance (the deal of the cards) and on your skill in strategizing the game-not just on random events over which you have absolutely no control.

[purple_sparkles]

There’s no fraud here at all,  everything is completely open and clear, if you look into it rather than believing in fairy tales and legends. But human greed and stupidity get the better of people. It’s more a matter of counting on these "traits" in people.
You yourself say that it’s all based on misconceptions and superstitions. Putting money in the Bible is the height of foolishness, considering that the Bible, to put it mildly, isn’t exactly on the side of gambling

The first rule of gambling for me has always been, “always remember that the odds are always against you” and I know how many times this has helped me in situations that I may have likely made some stupid decisions. But unfortunately not every gamblers know or even believe this, which makes them always wanna keep pushing their luck, even when it’s clear the odds are against them, this is why most gamblers end up making stupid mistakes all the time and that is no one’s fault but the gamblers themselves.

Essentially, we’re talking about a lack of critical thinking and self-control. And this creates problems everywhere and all the time-not just in gambling. Let me emphasize this again: games like Preference can be considered to offer a high chance of winning, since the outcome depends both on chance (the deal of the cards) and on your skill in strategizing the game-not just on random events over which you have absolutely no control.

It is not worth risking large amounts of money. Keep gambling as just a form of entertainment and don’t let it get out of control. There is always an element of unpredictability in gambling, regardless of skill or experience.So be careful, it is better to set personal limits on both time and money in advance and stick to them. This way, gambling can remain an enjoyable activity rather than becoming a source of stress.

[Sammye3]

Slot games are picked out of randomness or chance with the Random Number Generator(RNG) system which explains why no calculated analysis or predictions can outsmart the casino. It's more luck based than skill based and this is a system that some slot gamblers try to maneuver and tend to it like it could be corrected.

You would not expect a calculated outcome based on the previous outcome because each result is independent of the other and could produce a different outcome. There is no mathematical solution to analyzing slot games, it's luck based and not skill based.

[Bluedrem]

It is not worth risking large amounts of money. Keep gambling as just a form of entertainment and don’t let it get out of control. There is always an element of unpredictability in gambling, regardless of skill or experience.So be careful, it is better to set personal limits on both time and money in advance and stick to them. This way, gambling can remain an enjoyable activity rather than becoming a source of stress.

No matter how much we talk about self-control and gambling for pleasure, is gambling ultimately limited to pleasure only? I think there are very few people who can gamble in a controlled manner. And most people start by betting small amounts and when they lose, they try to bet more money for the last time, thinking that if they win this time, they will win a lot of money together. But if they lose, the pain of losing money forces them to gamble a second time.
Therefore, I would encourage gambling only using a part of their discretionary income and would forbid gambling outside their discretionary income at all times.

[Satofan44]

To this day I realize many gamblers fall for stupid lies or fallacies.

Yes, but it has no limitation to gambling. They fall for fallacies in every part of their life.

For instance many still think a slot machine can be "loaded" as if in today's day and age any slot machine would depend on physical coins inside it to do a payout.

Can you really blame some of them though? This is exactly the kind of manipulation that used to be quite common across countries of the whole world in the past. When you have systems that are not provably fair, then you get all kinds of manipulations. There have been individuals that have done local scale data collection and testing and have proven that indeed the games were "loaded" on some days -- this is where the belief comes from that it applies to the current day and age as well (even if it doesn't), it didn't come out of nothing.

Then there's people that genuinely believe the previous result had anything to do with the following. If red comes out two times in a row, the third one still has a 50/50 chance to come out though...

This one was always nonsense.

You would not expect a calculated outcome based on the previous outcome because each result is independent of the other and could produce a different outcome. There is no mathematical solution to analyzing slot games, it's luck based and not skill based.

This was not always the case, and it is not the case in any casino that is not provably fair. Anything can be going on, you are not supposed to take their word for it in a "trust me, bro" style. That it actually follows a random generation in a fair way should not be believed without proof, it is trivial to rig slots in countless ways.

[Pandu Geddon]

You need to be intimately familiar with the sports to even be able to place bets on sports with any confidence, most people just open the platform, look at previous head go head and do a crude evaluation of the teams playing against eachother and decide on who's going to win, that's not how sports works, if you don't know the sports then you are better of just going for slot games instead, sports gambling requires that you know the sports.

Actually, most sports bettors know the sport they choose. It has even become their hobby. But still, when placing a bet, sometimes bettors will only use basic analysis. You don’t need anything deep to place a bet because it can stress you out just by making a single bet. Whereas for long competitions, which can offer us many matches to bet on.